Volvo achieves new sales records helped by the success of the EX30.
Volvo achieves new sales records helped by the success of the EX30.
A few days ago, Volvo had produced its final diesel-powered vehicle, which shipped straight to the company museum. The Swedish company is performing better than ever, even though many Internet users raised their hands in response to what they saw as an overly rushed decision.
With 78,970 cars delivered in March of last year—25% more than the previous year—Volvo shattered its record for worldwide sales. The range of its electrified vehicles, which includes plug-in hybrids and battery electric vehicles, grew by 24% with the notable contribution of the new EX30.
In March, Volvo exported 33,558 plug-in models, including 18,021 pure electric cars (43%) and 15,537 plug-in hybrids (an increase of 8%). As a result, 23% of the nearly 1 in 4 Volvos sold last month were battery-electric. That is especially noteworthy because its zero-emission lineup consists of just three models (EX30, EX40, and EC40), with deliveries of the EX90 having not yet started and those of the EM90 (now only available in China) having started in March.
During the first quarter, the company put 182,687 cars on the road (+12%), of which 74,995 were electrified (+11%). Although plug-in hybrids fell slightly, remaining at 36,824 units (-1%), electric vehicles made up for it, reaching 30,069 units (+27%).
Volvo electric car sales soar; plug-in hybrids stagnate.
“These figures reflect the strength of our strategy and product diversity: offering fully electric cars alongside plug-in hybrids and mild hybrids in the right combination. “We are moving towards our annual sales target of at least 15% growth, and in the coming months we will focus on increasing sales of our EX30,” says Björn Annwall, Commercial Director and Deputy CEO of Volvo Cars.
In Europe, the corporation sold 39,756 cars, a 33% year-over-year gain. Similar growth was seen by electrified vehicles (+34%), which accounted for 63% of volume on the former continent with 24,856 deliveries. And 9,889 plug-in hybrids (4% of total vehicles) and 14,967 electric vehicles (66%) sold.
Volvo sold 89,670 automobiles in Europe every quarter (+23%), of which 54,819 were electrified (+22%). Electric vehicles made 31,237 units (+48%), while plug-in hybrids accounted for 23,582 units (-2%). As is evident, battery electric vehicles (BEVs) are rapidly expanding, whereas plug-in hybrid electric vehicles (PHEVs) have stagnated.
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