Sales Of Volvo Electric Cars Slumped This Matter

Volvo EX90. (Photo: Drive)

JAKARTA Sales of Volvo electric cars have decreased significantly in Australia. This is due to the delay in EX60 arrivals and the limited stock of seven passengers there.

Based on Drive's report, Monday, October 13, Volvo's full electric car sales fell by 26 percent in 2025 compared to the same period the previous year. Overall, global sales of the company also fell by 10 percent.

The delay in launching new models such as EX90 and ES90 is said to be the main cause of the decline in demand from consumers. In addition to product problems, Volvo is also facing pressure from a financial perspective.

In its financial report, the company recorded a value reduction (impairment) burden of 11.4 billion Swedish kronas, or the equivalent of around Rp. 17.3 trillion, related to the development of two flagship models, EX90 and ES90. The delay in launches and import tariff barriers in a number of large markets, especially the United States, also exacerbated the situation.

Volvo Cars Chief Executive, HZOKAN Samuelsson, said that unstable market conditions and tariff uncertainty were the main factors that suppressed sales.

"Demand remains under pressure due to macroeconomic conditions, tariff uncertainty, and increasingly fierce competition," he said in the company's official report.

As a strategic step, Volvo will accelerate the launch schedule of new models such as EX90 and EX60 in order to be able to compete again in the electric vehicle market. The manufacturer has also prepared a number of additional variants for 2026 to strengthen its environmentally friendly product line.

At the end of this calendar year, we will reach 40 percent, which hinders that growth is that EX90 will come with a larger volume. So it will take time for us, and we should have EX60 earlier than we have," said Australia's Volvo Car managing director Stephen breather.

It is known that in 2024, around 43 percent or 3,830 units of Volvo sales in Australia are electric vehicles, up from 12 percent in 2023 or around 1,330 units.b According to CAye, its market share in 2025 is expected to drop to around 40 percent.

This is a smaller share of total sales expected to be lower, as Volvo sales fell 21 percent this year by the end of September, following a 20 percent drop by the end of 2024.