Surging EX30 Boosted Volvo's Sales In Europe In May

...Source: insideevs.com/news/724196/vov... Transcript: Per InsideEVs, European car sales fell 2.7% in May. Despite the decline, Volvo saw a 27% increase with 32,826 new sales, largely due to the affordable all-electric Volvo EX30. Over 11,000 units of the EX30 sold last month, mainly in Europe. Chinese carmakers increased their market share to 2.5% in May, prompting incoming tariffs on China-made electric cars.
Tesla's European sales dropped 37% to 17,953 units, falling to the 20th spot. Tesla plans to halt production at Giga Berlin for five days in June. Volkswagen, Europe's largest brand, increased sales by 2.9% to over 117,000 units. Toyota's sales rose 7.2% to 70,205 units, driven by a 47% increase in RAV4 sales. In Q1 2024, 71% of Toyota's sales were electrified, while Lexus saw 93% electrification.