Volvo Chief Executive Officer Jim Rowan said the company is not considering lowering the price of its electric vehicles like the American Tesla did. In this respect informs Reuters.
“We do not see[reasons for price cuts]at this time. Rowan said the demand for our electric vehicles is the highest we’ve ever seen.
According to him, the company has amassed a substantial portfolio of orders for electric vehicles. Electric vehicle sales tripled in the fourth quarter of 2022, accounting for 18% of sales compared to 6% in the same period a year ago, according to a Volvo report.
Previous edition of Automobilwoche reportedNew car prices are expected to fall in Germany as Tesla experiences price drops on two of its key models and normalization of production processes in the automotive industry in general.