Volvo Nearly Doubled Plug-In Automotive Gross sales In July 2023

Volvo Automobiles experiences 54,165 international automobile gross sales in July, which is 21 % greater than a 12 months in the past. In the course of the first seven months of 2023, the corporate bought 395,856 automobiles (up 18 % year-over-year).

Volvo plug-in electrical automobile gross sales virtually doubled final month, reaching 18,702 items (up 95 % year-over-year), which is 34.5 % of the whole quantity (in comparison with 21.5 % a 12 months in the past). Nevertheless, regardless of the stable progress, it was the slowest month for plug-ins to this point this 12 months (and the slowed since September 2022).

The expansion fee was particularly excessive within the case of all-electric automobiles, which improved 248 % year-over-year (from a low base of 1,583 items in July 2022, to five,504 this 12 months).

Plug-in hybrid gross sales additionally proceed to develop with 13,198 items bought (up 65 % year-over-year).

Volvo Recharge gross sales outcomes final month:

  • BEVs: 5,504 (up 248%) and 10.2% share
  • PHEVs: 13,198 (up 65%) and 24.4% share
  • Complete: 18,702 (up 95%) and 34.5% share

Up to now this 12 months, Volvo plug-in automobile gross sales amounted to over 155,000 automobiles (up 50 % year-over-year), which can also be 39 % of the whole quantity.

Volvo Recharge gross sales year-to-date:

  • BEVs: 64,764 (up 172%) and 16.4% share
  • PHEVs: 90,356 (up 13%) and 22.8% share
  • Complete: 155,120 (up 50%) and 39.2% share

For reference, in 2022, Volvo bought over 205,000 plug-in electrical automobiles, which was 33 % of the whole quantity.

This 12 months, Volvo Recharge automobile gross sales ought to simply exceed 250,000, and perhaps even attain 300,000.


Geographically, as ordinary, most Volvo plug-in automobiles had been bought in Europe – 11,285 in July (up 78 % year-over-year), representing 56 % of the whole quantity.

In america, plug-in automobile gross sales elevated by 226 % year-over-year to three,132. That is about 29 % of the whole gross sales.

In China, Volvo plug-in electrical automobile gross sales elevated by 44 % to 1,170 (about 8 % of the whole).

When it comes to fashions, Volvo’s lineup consists of two all-electric fashions, the Volvo C40 Recharge and the Volvo XC40 Recharge. Each will quickly get new, more-capable variations (within the US particularly fascinating would be the rear-wheel drive possibility). In July, Volvo XC40 Recharge gross sales amounted to three,529, in comparison with 1,975 Volvo C40 Recharge.

Within the not-too-distant future, the BEV lineup will probably be joined by the all-new Volvo EX90 and Volvo EX30, that are anticipated to considerably improve the BEV share out of the whole gross sales – doubtlessly to over 50 %.

Volvo Automobiles detailed gross sales outcomes: