Electrified Models Make Up over 25% of Volvo Sales

Volvo is rapidly electrifying its lineup, with the battery-electric XC90 SUV on the horizon.

Volvo’s BEV and also PHEV sales accounted for 25.5% of sales in the first 10 months of 2021, accelerating in current weeks.
The automaker aims for fifty percent of its sales to be battery-electric by 2025, ahead of 100% of sales being BEV by 2030.
Battery-electric models presently represent 3.1% of Volvo sales, yet even more EV versions get on the method the coming months.
Previously this year Volvo exposed prepare for fifty percent of its global vehicle sales to be represented by battery-electric by the middle of the years, ahead of its full schedule being EV-only by 2030. The ambitious strategies, backed up by a recent IPO offering in its residence country, will see a variety of new EVs introduced in the coming years, in the run-up to the end of the decade that will certainly see gas-engined vehicles as well as hybrids take a final bow.

Where does Volvo stand more than three-quarters of the way to 2022?

The car manufacturer revealed days ago that the share of autos marketed with electric or plug-in hybrid powertrains through the first 10 months of the year totaled up to 25.5%, with sales of such vehicles in October alone adding up to 31.5%.

Certainly, amazed does not suggest electric, as Volvo is just now launching its second battery-electric version with the launching of the C40 Recharge, to keep the XC40 Recharge firm. So plug-in hybrids still make up the bulk of that 25.5% share, with pure-electrics making up 3.1% of total sales.

Needless to say, this number is anticipated to boost as C40 Recharge sales get rolling, with the month of October currently seeing a 5.6% share of battery-electric designs. Consequently, the speed of EV sales for Volvo has expanded pretty fast for a lineup with 2 electrical models, not counting Polestar models.

One aspect of Volvo sales that may not be absolutely valued by this point is the function that China now plays. While Volvo sales in the US amounted to 104,066 vehicles for the first 10 months of the year, throughout the exact same period Volvo sales in China saw a number of 143,616. It’s certainly not shed on industry viewers that Volvo plays an essential duty in moms and dad company Geely’s lineup, sharing platforms with brother or sister brands Polestar and also Lynk & Co., with demand for electrical cars in the nation expected to continue growing. Europe continues to be Volvo’s biggest market, with sales adding up to 242,495 vehicles in the first 10 months of the year.

Demand for electrical and PHEV Volvos is expanding stateside too, with Volvo keeping in mind that Recharge designs stood for 24.1% of US sales in the month of October.

Does this price of development get the car manufacturer to battery-electric designs accounting for 25% of sales by 2025?

That will rely on Volvo sticking to its routine of turning out added EVs in the next 3 years, with the next-gen XC90 anticipated to debut in battery-electric and hybrid tastes in the coming months.