Automaker Volvo Cars reported global sales of 162,864 vehicles for the February–April 2026 period, representing a 10 percent decline compared to the same period last year.
Electrified models accounted for 48 percent of total volumes, with fully electric vehicles and plug-in hybrids each making up 24 percent. Sales of electrified models remained largely flat, while fully electric vehicle sales rose by 14 percent and plug-in hybrids fell by 12 percent. Sales of mild hybrids and internal combustion engine (petrol and diesel) vehicles dropped by 16 percent.
China continues to be weighed down by fierce competition and weak market conditions, while the US is being impacted by low consumer confidence, reduced subsidies for electrified vehicles, and increased pricing pressure within the SUV segment.
'Order intake in Europe, our largest region, remains stable, led by our fully electric cars. Deliveries of fully electric vehicles have increased for seven consecutive months, driven by the EX30 and EX40. As we begin the first customer deliveries of the EX60 this summer, we will gradually ramp up production, which will drive further growth in the second half of the year. Additionally, we launched a front-wheel-drive variant of the popular XC70 in China in April, expanding the car's addressable market', says Erik Severinson, Chief Commercial Officer.
Volvo Car AB is a Sweden-based automotive brand. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
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