August 2023 can be regarded as a standout month for Volvo Cars after reporting a significant uptick in global sales by 18% compared to the same period last year. And not only that, what’s even more interesting is Volvo’s sharp pivot towards greener mobility.
China is declining a little on electric car sales, while the US seems to be ramping up
While overall car sales for Volvo rose to 51,636 units in August, their plug-in electric cars claimed the spotlight. Accounting for nearly 33% of the total volume, plug-in electric car sales surged by 78% to 17,005 units.
This year, the brand is on track to hit the milestone of selling over 250,000 electric cars, hinting at the public’s growing affinity for cleaner alternatives.
![Volvo set to adopt Tesla’s NACS charging port for its cars in North America Volvo set to adopt Tesla’s NACS charging port for its cars in North America](https://www.tellforceblog.com/wp-content/uploads/2023/06/Volvo-set-to-adopt-Teslas-NACS-charging-port-for-its-cars-in-North-America.jpg)
What’s interesting is the internal composition of these electric sales. Battery Electric Vehicles (BEVs) have recorded a massive 167% year-over-year increase, while Plug-in Hybrid Electric Vehicles (PHEVs) have also seen a solid bump of 46%.
So far, this year’s sales data reveals that BEVs and PHEVs form 16% and 22.5% of the total sales, respectively.
Regionally, Europe continues to be the hub for Volvo’s electric car sales, making up 60% of total plug-in sales. America is catching up fast, with a 94% increase in plug-in sales, but it’s China that needs to put its foot on the accelerator, showing a 16% decrease in plug-in electric car sales.
Aiming for a 100% Battery Electric Vehicle (BEV) share by 2030, Volvo’s electric line-up will soon expand with new additions like the Volvo EX90, Volvo EX30, and the recently announced Volvo EM90. With these changes, Volvo is not just selling cars; they’re investing in the future—a cleaner, greener one.