Major car maker sees electric car sales drop by a third as Trump’s tariffs cause 'challenges not seen before'

Major car maker sees electric car sales drop by a third as Trump’s tariffs cause 'challenges not seen before'

Swedish car brand Volvo has reported a dramatic slump in electric vehicle sales as Donald Trump's tariffs begin to impact global automotive trade. The carmaker, which is majority-owned by Chinese brand Geely, saw its overall sales fall by 11 per cent compared to the same period last year.The fall was mainly felt in electric cars, which dropped 32 per cent in April, with it now making up just 20 per cent of Volvo's total sales, down from a higher…

Volvo sales fell 11 percent in April, a decline of nearly 59,000. Sales of fully electric Volvos fell 32 percent, accounting for the largest decline in total sales ... ...

Volvo sold 58,881 vehicles worldwide in April – a decrease of 11 percent compared to The post Volvo reports a decline in sales in April – electric component shrinks first appeared on Nordisch.info.