Volvo U.S. Plug-In Car Sales Hit New Record In 2023 Despite Slower December

Volvo Vehicles USA studies that its automotive gross sales in the US elevated in December by 23% year-over-year to 13,609. Within the full yr, automotive gross sales amounted to 128,701 (up 26% year-over-year).

The expansion of Volvo‘s plug-in electrical automotive gross sales decreased in latest months—largely as a result of decrease gross sales of all-electric automobiles, though it is in all probability a brief problem.

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Volvo electrification hit a brand new file

In 2023, Volvo bought within the U.S., a file variety of over 35,000 plug-in electrical automobiles (up 28% year-over-year), together with a file variety of 13,609 all-electric automobiles (up 86% year-over-year). Between 2023 and 2030, the model’s BEV share is predicted to extend from 10 to 100%.

In December, Volvo plug-in electrical automotive gross sales amounted to three,232 (up simply 0.9% year-over-year), which represents about 23.7% of the model’s complete quantity.

The gradual fee of development was brought on by a major 39% discount in all-electric automotive gross sales (686 models) in comparison with a yr in the past. We assume that it may need one thing to do with the excessive base (file gross sales stage in late 2022), in addition to the switchover to the new 2024 model year. It is anticipated that the outcomes will enhance in 2024.

In the meantime, Volvo plug-in hybrid automotive gross sales continued to extend in December, reaching 2,546 models (up 23% year-over-year).

Volvo plug-in automotive gross sales final month (YOY change):

  • BEVs: 686 (down 39%) and 5% share
  • PHEVs: 2,546 (up 23%) and 18.7% share
  • Complete Recharge: 3,232 (up 1%) and 23.7% share

Throughout the fourth quarter of 2023, Volvo bought 9,311 plug-in electrical automobiles within the U.S. (up nearly 10% year-over-year), which is greater than 1 / 4 of the overall gross sales. BEVs famous a 9% decline to 2,766 models.

In 2023, Volvo bought over 35,000 plug-in electrical automobiles within the U.S. (up 28% year-over-year), which is nearly 28% of the overall quantity.

Volvo plug-in automotive gross sales in 2023 (YOY change):

  • BEVs: 13,609 (up 86%) and 10.6% share
  • PHEVs: 22,048 (up 7%) and 17.1% share
  • Complete Recharge: 35,657 (up 28%) and 27.7% share

As we will see, in 2023 Volvo all-electric automotive gross sales nearly doubled, whereas plug-in hybrid automotive gross sales elevated solely by a number of p.c.

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

The yr 2023 was a file one when it comes to plug-in electrical automotive gross sales for Volvo:

That is largely due to the all-electric automotive gross sales development, which in 2024 will likely be boosted by two all-new fashions: the Volvo EX90 and the Volvo EX30, which can be part of the Volvo XC40 Recharge and the Volvo C40 Recharge.


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