US: Volvo All-Electrical Automotive Gross sales Virtually Quadrupled In June 2023

Volvo Vehicles USA stories that its automobile gross sales in the USA elevated in June by 53 % year-over-year to 12,933. In the course of the first six months of the yr, gross sales amounted to 59,750 (up 18% year-over-year).

Volvo’s plug-in electrical automobile gross sales additionally elevated in June, reaching 3,793 items (up 79 % year-over-year), which was the second-highest month-to-month consequence ever. Rechargeable automobiles represented greater than 29 % of the model’s whole quantity.

One of the vital fascinating issues is gross sales of all-electric automobiles, which amounted to 2,123 (up 284 % year-over-year). That is the brand new all-time report for BEVs.

Not solely that, for the very first time, Volvo all-electric automobile gross sales have been increased than plug-in hybrid automobile gross sales. PHEVs are struggling this yr, which signifies that we must always accustom ourselves tothe scenario when BEVs are in cost.

Volvo plug-in automobile gross sales final month:

  • BEVs: 2,123 (up 284% year-over-year) and 16.4% share
  • PHEVs: 1,670 (up 7% year-over-year) and 12.9% share
  • Whole Recharge: 3,793 (up 79% year-over-year) and 29.3% share
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In the course of the second quarter of 2023, Volvo offered within the US 9,778 new plug-in electrical automobiles (one % lower than a yr in the past). Nevertheless, with regards to BEVs, the results of 4,821 items was 124 % increased than a yr in the past.

To this point this yr, Volvo offered virtually 17,500 plug-in electrical automobiles within the US, which is roughly 29 % of the overall quantity. BEVs have been up one hundred pc year-over-year, greater than compensating for the decline of PHEVs.

Volvo plug-in automobile gross sales year-to-date in 2023:

  • BEVs: 7,603 (up 100% year-over-year) and 12.7% share
  • PHEVs: 9,886 (down 18% year-over-year) and 16.5% share
  • Whole Recharge: 17,489 (up 10% year-over-year) and 29.3% share

For reference, in 12 months of 2022, the overall quantity amounted to 27,909 (27.4 % of the overall quantity).

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To additional improve all-electric automobile gross sales within the US, Volvo not too long ago introduced the 2024 mannequin yr variations of the C40 Recharge And XC40 Recharge, that are noticeably extra engaging when it comes to specs than the present 2023 mannequin yr variations.

The imported Volvo fashions should not eligible for the $7,500 federal tax credit score, however the incentive could be included within the lease charges.

Mannequin Base Worth Dest. Cost Tax Credit score Efficient Worth
2023 Volvo C40 Recharge 19-inch $55,300 +$1,095 N/A $56,395
2023 Volvo XC40 Recharge 19-inch $53,550 +$1,095 N/A $54,645
Mannequin Drive Battery
(kWh)
EPA
Vary
0-60
mph
(sec)
Prime
Velocity
2023 Volvo C40 Recharge 19-inch AWD 78 226 mi
(364 km)
4.5 112 mph
(180 km/h)
2023 Volvo XC40 Recharge 19-inch AWD 78 223 mi
(359 km)
4.7 112 mph
(180 km/h)
2024 Volvo C40 Recharge RWD 19-inch RWD 82 297 mi*
(478 km)
   
2024 Volvo C40 Recharge AWD 19-inch AWD 78 257 mi*
(414 km)
   
2024 Volvo XC40 Recharge RWD 19-inch RWD 82 293 mi*
(471 km)
   
2024 Volvo XC40 Recharge AWD 19-inch AWD 78 254 mi*
(409 km)
   

* estimated/unofficial values

Volvo’s lineup within the US consists of solely electrified fashions (delicate hybrid, hybrid, plug-in hybrid, or all-electric), together with two BEVs (XC40 Recharge and C40 Recharge). Within the close to future, the lineup shall be joined by the all-new Volvo EX90 mannequin, which shall be produced regionally (alongside the Polestar 3) and the not too long ago unveiled Volvo EX30.

By 2030, Volvo intends to extend all-electric automobile gross sales share to 100% (globally), in addition to improve gross sales quantity to 1.2 million items yearly.


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