A new all-electric luxury SUV is set to hit the market next year to compete with Tesla’s best-selling Model Y. Volvo is joining the luxury electric SUV market with its new EX60 launching next year. The new EX60 will rival premium models from Tesla, Porsche, BMW, and Mercedes-Benz.
As one of the first legacy automakers to commit to an all-electric future, Volvo is seeing the results.
After launching its most affordable EV, the EX30, last year, Volvo’s compact electric SUV is already making a significant impact on the company.
Volvo set a new sales record in the first three months of the year with growing demand for its electric models. Fully electric vehicles accounted for over 40% of sales in 19 markets. That’s up from 13 in Q4 2023.
According to Volvo Cars’ chief commercial officer and deputy CEO, the EX30 is helping boost sales. Volvo’s EV…