Volvo Plugin Vehicle Sales Grow 40%, Equal 48% Of Volvo Sales Globally!

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A number of years in the past, Volvo caught its nostril out forward of the competitors and mentioned it could be 100% electrical by 2030. The corporate has progressively and quietly transferring towards that purpose. Whereas different automakers jumped into the EV advertising when it was in vogue however then began grumbling about EVs, EV progress, and EV targets as quickly as the chance introduced itself, Volvo has been extra regular and constant. Maybe it helps that the corporate is now owned by Geely, a large Chinese language automaker. There’s no query about it in China: EVs are the longer term, and even predominantly in current now.

Anyway, the information is that Volvo’s international electrification numbers look fairly good. The corporate simply introduced that its November 2024 gross sales had been up 5% yr over yr, however its plugin automobile gross sales had been up 40% yr over yr. In different phrases, in distinction to the claims EV gross sales are dropping, EV gross sales utterly carried Volvo Automobiles to progress in November.

Right here’s the large quantity, although: plugin automobile (full electrical and plugin hybrid automobile) gross sales accounted for 48% of the corporate’s international gross sales final month! Totally electrical vehicles alone accounted for 21% of Volvo Automobiles’ gross sales.

In Europe, plugin automobile gross sales grew by 39% in November 2024 in comparison with November 2023, and so they accounted for a whopping 65% of Volvo Automobiles’ European auto gross sales.

Within the US, gross sales grew by 5%. In China, they had been down 8% by way of fan love, however they nonetheless represented 39% of Volvo Automobiles’ gross sales within the nation.