Volvo Says the US Is a Difficult Market for Profit and Plans More Localisation and Multiple Powertrains
By Eve
Volvo's Chief Commercial Officer, Erik Severinson, told the company's third-quarter earnings call that the US has proven a difficult market in which to find profitability, with consumer sentiment at a 50-year low. CEO Hakan Samuelsson said Volvo should have realised tariffs were a real possibility and needs to localise more in the US, while the brand also prioritises multiple powertrain options. The report, published by an automotive outlet, also points to shifting tariffs and the departure of sister brand Polestar as pressures.
Why it matters
A major premium brand leaning on localisation and a mix of powertrains rather than a pure EV push suggests slower or less predictable EV volume growth from Volvo in the US, which affects charger demand forecasts and partnership planning. CPOs and procurement teams should treat Volvo-linked charging commitments in the US with caution until its strategy settles.
Source
- Original title
- “Volvo Is Getting Crushed In The U.S.”
- Published
- 2 November 2026
- Updated
- 3 November 2026
In this story
- Topic
- Electric Vehicles
- Place
- United States
- Tag
- Volvo
Related news
Rivian ships nearly 20,000 vehicles in Q3 2026 and narrows losses, but remains unprofitable
Rivian reported third quarter 2026 consolidated revenue of US$2.155 billion, up 38% year on year, with consolidated gross profit of US$176 million, a US$152 million improvement. Net loss attributable to common stockholders fell to US$913 million from US$1.173 billion, and adjusted net loss per share was US$0.48 against US$0.65. The company shipped nearly 20,000 vehicles from Normal, Illinois, and revised its delivery prediction to between 67,000 and 70,000 vehicles, as reported by EVNews's source coverage of the results.
Why it matters
Rising vehicle volumes alongside continued heavy losses show that US EV demand remains under pressure, which shapes the pace of charger utilisation growth that CPOs and their funders can expect. Procurement teams should note that Rivian's improved automotive gross loss of US$80 million still depends partly on regulatory credit revenue, so the outlook for US policy support matters.
BYD Atto 3 Evo compared with Renault Scenic E Tech as Renault updates its battery and range
A French-language comparison puts the facelifted BYD Atto 3 Evo, whose specification now matches its rivals, against the Renault Scenic E Tech. Between writing and publication, Renault presented an updated Scenic whose top version moves from an 87 kWh to an 89 kWh battery, with WLTP range rising from 625 to 642 km and consumption unchanged. The article says charging also differs on the new version, but the excerpt does not give the figures.
Why it matters
Two of the main compact electric SUV rivals in France are changing their specifications, and the Scenic's charging behaviour is changing with its battery. Procurement and CPO teams should watch for the detailed charging figures, as they affect how these vehicles use sites.
Envoy Launches On-Site EV Car Sharing at Montage at Midtown, Its First Southwest Florida Location
Envoy, a subsidiary of Dot Ai (Nasdaq: DAIC), has launched on-site electric vehicle car sharing at Montage at Midtown, a $100 million redevelopment. It is the company's first location in Southwest Florida. The news was published on DAIC Stock News, and the excerpt gives no fleet size, charger count or pricing.
Why it matters
Residential and mixed-use developments are being used as a route to place shared EVs alongside charging, which is a channel worth watching for CPOs and installers pursuing property-led work. With no charging specifics disclosed, the opportunity for hardware or service suppliers is not yet clear.