Volvo Plug-In Automobile Gross sales Accelerated In February 2023

Volvo Automobiles USA experiences that its automotive gross sales in the USA elevated in February by nearly 38 p.c year-over-year to eight,560. After the primary two months, the corporate bought 16,253 vehicles (up 22 p.c).

It appears that evidently the corporate has lastly solved provide points and might now concentrate on gross sales and electrification, which progresses fairly nicely too.

In February, Volvo bought 2,436 plug-ins, which is 45 p.c greater than a yr in the past and 28.5 p.c of the full quantity.

Extra importantly, all-electric automotive gross sales elevated by 75 p.c year-over-year to 973 and for the fourth consecutive month exceeded 10 p.c share (reaching 11.4% final month). These are actually superb numbers, contemplating solely two BEV fashions (XC40 Recharge and C40 Recharge).

Volvo plug-in automotive gross sales:

• BEVs: 973 (up 75% year-over-year) and 11.4% share
• PHEVs: 1,463 (up 32% year-over-year) and 17.1% share
• Complete Recharge: 2,436 (up 45% year-over-year) and 28.5% share

To date this yr, Volvo bought within the US greater than 4,800 plug-in electrical vehicles (up 34 p.c year-over-year), which is roughly 30 p.c of the full quantity.

Volvo plug-in automotive gross sales year-to-date in 2023:

• BEVs: 1,744 (up 77% year-over-year) and 10.7% share
• PHEVs: 3,062 (up 18% year-over-year) and 18.8% share
• Complete Recharge: 4,806 (up 34% year-over-year) and 29.6% share

For reference, in 12 months of 2022, the full quantity amounted to 27,909 (22 p.c greater than a yr earlier).

In the meantime, in Canada, Volvo improved plug-in electrical automotive gross sales by 65 p.c year-over-year in February and the share amounted to 44 p.c of the full quantity.

Volvo’s lineup within the US contains solely electrified fashions (delicate hybrid, hybrid, plug-in hybrid or all-electric), together with two BEVs (XC40 Recharge and C40 Recharge). Within the close to future, it is going to be joined by the all-new Volvo EX90 mannequin, which shall be produced regionally (alongside the Polestar 3).

By 2030, Volvo intends to extend all-electric automotive gross sales share to 100% (globally), in addition to improve gross sales quantity to 1.2 million models yearly.