The 2024 Volvo EX90 is still a few months away from deliveries, but the electric SUV is already sold out for its first year of production.
Volvo confirmed this in a press release detailing its financial results for the first quarter of 2023, although it did not disclose how many vehicles would be produced in the first-year production, only stating that customer interest exceeded internal projections.
“As a result, Volvo Cars has closed the order book for the time being because the first scheduled production is sold out,” the company said in a statement, “but it will reopen soon.”
Introduced in November 2022 as an electric counterpart to the three-row XC90 SUV, the EX90 shares the new Sustainable Electric Architecture (SEA) with the upcoming Polestar 3 and is scheduled to be built at Volvo’s factory in South Carolina. Volvo previously stated that the plant will be the first to go fully electric, with all factories transitioning to produce only electric vehicles by 2030.
Overall, Volvo’s EV sales have been quite solid. In the first quarter of 2023, 18% of Volvo’s vehicle sales are electric, compared to 8% in the first quarter of 2022, reported the company. In the U.S., Volvo recently reported that its Recharge vehicles, meaning combined electric and plug-in hybrid vehicles, account for 26% of sales. However, as Volvo notes, its entire U.S. lineup for 2023 is now mild hybrid, plug-in hybrid, or EV.
The only two Volvo fully electric models currently on sale are the XC40 Recharge and its coupe-like sibling, the C40 Recharge. Both get a range boost and will switch to rear-wheel drive for the 2024 model year (all-wheel drive with dual-motor has been available all along, but the current/previous single-motor versions were front-wheel drive). In the unveiling of the EX90 last year, Volvo also confirmed another smaller electric SUV that will debut in 2023.
