Welcome back to EV News Daily coming up today. The Volvo EX30 sales start well,

Ford's commitment to a more affordable EV, and the Tesla Model 3 performance is a bit of a

steel with tax credits, plus stay tuned, because later in the show I'll tell you about a new smaller

electric Kia, which could well take the place of the Nero. Well, good morning, good afternoon,

or good evening, wherever you are in the world. Welcome to Evie News Daily. Your trusted source of EV information for Thursday, 25th of April. I'm Martin

Lee, and I go through every EV story, so you don't have to. We'll start with that. Great news coming

out of Volvo today. The EX30, their new electric crossover, is already showing strong sales

performance and is projected to become the top-selling EV in Volvo's lineup by the end of the year,

which will delight those that have shown the X-30 some love already and got their orders in.

Lots of people excited about this vehicle.

In the first quarter of the year, Volvo achieved global EV sales for the X30 of 15,000 500. That's a good number,

actually, for three months of the year. Almost 15,000 X30s on the road globally, and a significant

portion developed last month in March, about 8,000 of those. Despite being Volvo's most affordable

at EV, starting at 35,000 US dollar's equivalent, depending on where you are around the world. It might be a little bit more expensive for you, but the X30 is generating gross margins ranging from between 15 and 20 percent, say Volvo, which is pretty much industry leading, not more than others, but certainly a leading

standard. Many people would love a 20% gross margin on their automotive business making pure

electric vehicles. Of course, this is a brand new vehicle on a new platform from the parent company

and very little inside it. So there's just the screen, really, and that's about your lot.

They really have cut costs, but many people who've driven the X30 taking delivery already,

very much enjoying that vehicle and saying that the stripped back nature of it doesn't detract

from it being a great electric vehicle.

And now, Volvo aims to have half of its sales comprised of all EV models by the end of next

year, 2025, with the X30, 40, EC40, the X90, and then there's the EM90. Now, the X90 is the upscale

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