In February, Volvo Cars achieved its highest-ever share of electrified models - both in fully electric as well as in plug-in hybrids and fully electric combined. This was mainly driven by the ramp-up of the company's new fully electric small SUV, the EX30. Fully electric cars constituted 22 per cent of all cars sold globally during the month, while the combined sales of fully electric cars and plug-in hybrids accounted for 44 per cent.
Sales in
In
Our sales in the US reached 7,920 cars, a decrease of 7 per cent compared to last year. Sales of cars with a fully electric or plug-in hybrid powertrain grew by 6 per cent compared to
In
For February, the Volvo XC60 remained the top-selling model with sales reaching 16,026 cars (2023: 16,103 cars), followed by the XC40 with total sales of 13,193 cars (2023: 15,435 cars), and XC90 at 7,299 cars (2023: 7,120 cars).
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| February | February | Jan-Feb | Jan-Feb |
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| 2024 | 2023 | Change | 2024 | 2023 | Change |
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26,773 | 21,278 | 26% | 49,914 | 42,714 | 17% | |
Electrified models | 16,133 | 13,698 | 18% | 29,963 | 26,518 | 13% |
- Fully electric | 8,799 | 6,715 | 31% | 16,270 | 12,052 | 35% |
- Plug-in hybrid | 7,334 | 6,983 | 5% | 13,693 | 14,466 | -5% |
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7,911 | 13,066 | -39% | 23,953 | 24,849 | -4% | |
Electrified models | 415 | 1,130 | -63% | 1,404 | 2,388 | -41% |
- Fully electric | 137 | 172 | -20% | 298 | 491 | -39% |
- Plug-in hybrid | 278 | 958 | -71% | 1,106 | 1,897 | -42% |
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US | 7,920 | 8,560 | -7% | 15,636 | 16,253 | -4% |
Electrified models | 2,571 | 2,436 | 6% | 4,446 | 4,806 | -7% |
- Fully electric | 359 | 973 | -63% | 619 | 1,744 | -65% |
- Plug-in hybrid | 2,212 | 1,463 | 51% | 3,827 | 3,062 | 25% |
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Other | 7,711 | 8,382 | -8% | 14,214 | 15,990 | -11% |
Electrified models | 3,147 | 3,414 | -8% | 5,624 | 6,708 | -16% |
- Fully electric | 1,629 | 1,714 | -5% | 2,963 | 3,161 | -6% |
- Plug-in hybrid | 1,518 | 1,700 | -11% | 2,661 | 3,547 | -25% |
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Total | 50,315 | 51,286 | -2% | 103,717 | 99,806 | 4% |
Electrified models | 22,266 | 20,678 | 8% | 41,437 | 40,420 | 3% |
- Fully electric | 10,924 | 9,574 | 14% | 20,150 | 17,448 | 15% |
- Plug-in hybrid | 11,342 | 11,104 | 2% | 21,287 | 22,972 | -7% |
For further information please contact:
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com
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Volvo Cars in 2023
For the full year 2023,
About
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker "VOLCAR B".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of
https://news.cision.com/volvo-car-ab--publ-/r/volvo-cars-reports-sales-of-50-315-cars-in-february-and-highest-ever-share-of-electrified-models,c3940581
https://mb.cision.com/Main/20685/3940581/2646972.pdf
(c) 2024 Cision. All rights reserved., source