Volvo has announced the recall of 40,000 electric vehicles of the EX30 model because of concerns regarding potential battery overheating. This decision was communicated to the British news agency Reuters on a Monday, indicating the seriousness of the issue. Currently, it's unclear whether the recall applies to all affected countries, but Volvo assures customers that those impacted will be contacted and provided with guidance on the necessary steps to take.

The recall involves replacing the batteries in the affected cars, which could result in significant financial implications for Volvo, potentially costing the company millions of dollars. Reuters has reported on these costs, further emphasizing the financial burden that this recall may impose. Despite this, Volvo has committed to ensuring that the battery replacement will be done free of charge for the owners. In the meantime, customers are advised to limit their charging to 70% of the battery's capacity to ensure safety.

The EX30 model plays a crucial role in Volvo's strategy to compete against cheaper Chinese car brands in the electric vehicle market. Safety concerns regarding batteries remain a significant issue for consumers and manufacturers alike. The EX30 had previously made it to Norway's top 10 list of most purchased electric vehicles in December last year, highlighting its popularity and the potential impact this recall could have on Volvo's standing in the market.