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Volvo Vehicles USA reviews that its automobile gross sales in the USA amounted to 7,920 in February, down 7.4% year-over-year.
In the meantime, Volvo’s plug-in electrical automobile gross sales improved barely final month, however that is solely due to plug-in hybrids. All-electric automobile gross sales decreased massively, just like what occurred in January.
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Volvo electrification hit a brand new report in 2023
In 2023, Volvo offered within the U.S., a report variety of over 35,000 plug-in electrical vehicles (up 28% year-over-year), together with a report variety of 13,609 all-electric vehicles (up 86% year-over-year). Between 2023 and 2030, the model’s BEV share is predicted to extend from 10 to 100%.
In February, Volvo plug-in electrical automobile gross sales amounted to 2,571, up 5.5% year-over-year. The share of rechargeable vehicles elevated to 32.5% (in comparison with 28.5% a yr in the past), which is the very best consequence since Could 2022 (35.7%).
Sadly, Volvo’s all-electric automobile gross sales decreased by 63% year-over-year to only 359 models. It is the second such excessive drop after simply 260 gross sales in January (down 66% year-over-year).
Time will inform if the brand new 2024 mannequin yr variations of the C40 and XC40 should not attracting prospects or if it is only a provide challenge. We all know the market is ready for the EX30 mannequin (already offered in different components of the world) and the upcoming EX90.
Then again, plug-in hybrid automobile gross sales surged 51% year-over-year to 2,212, taking nearly 28% of the model’s complete quantity in February.
Volvo plug-in automobile gross sales final month (YOY change):
- BEVs: 359 (down 63%) and 4.5% share
- PHEVs: 2,212 (up 51%) and 27.9% share
- Whole Recharge: 2,571 (up 6%) and 32.5% share
To date this yr, Volvo offered 4,400 plug-in electrical vehicles within the U.S., which is roughly 28% of the whole quantity.
Volvo plug-in automobile gross sales year-to-date (YOY change):
- BEVs: 619 (down 65%) and 4% share
- PHEVs: 3,827 (up 25%) and 24.5% share
- Whole Recharge: 4,446 (down 7%) and 28.4% share
The beginning of 2024 seems to be difficult for Volvo’s all-electric vehicles, whereas we anticipated vital development as a substitute. Possibly issues will enhance later this yr, particularly with the launch of the Volvo EX30 and Volvo EX90.
Sooner or later, the all-electric Volvo XC40 Recharge and the Volvo C40 Recharge may even be named “EX”: EX40 and EC40, respectively.
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