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Volvo Faces 11% Sales Drop Amid EV Struggles

5/6/2025

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Summary

Story summary

Volvo experienced an 11% decline in overall sales, with electric vehicle sales dropping 32% in April.
Electric cars now account for 20% of total sales, a decrease from earlier months.
U.S. tariffs are posing challenges to global automotive trade for the company.
CEO Håkan Samuelsson recognized the current market difficulties.
Volvo is navigating its relationship with Geely amid these challenges.

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Story summary

Volvo experienced an 11% decline in overall sales, with electric vehicle sales dropping 32% in April.
Electric cars now account for 20% of total sales, a decrease from earlier months.
U.S. tariffs are posing challenges to global automotive trade for the company.
CEO Håkan Samuelsson recognized the current market difficulties.
Volvo is navigating its relationship with Geely amid these challenges.