Volvo is killing its smallest EV in the US, but the rest of the world can still get it
Why it matters: Reduces affordable EV choices in the US, slowing mass‑market electrification.
- Volvo will cease US sales of its smallest, most‑affordable EV at the end of the 2024 model year (The Drive).
- European regulators and dealers confirm the model will stay available abroad, keeping the global lineup intact (Reuters, Bloomberg).
- Dealerships report inventory build‑up and a pivot to higher‑priced EVs and hybrids to maintain profitability (CNBC).
- Consumers in the US lose a low‑cost EV entry point, potentially accelerating demand for competing budget EVs (MarketWatch).
Volvo will discontinue its entry‑level EV in the United States after the 2024 model year, while the same vehicle remains on sale in Europe and other markets. The move reflects a strategic shift toward higher‑margin models and underscores the shrinking pool of affordable EV options for US buyers.
