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Volvo Automobiles has launched its 2024 gross sales figures globally, and in addition by area. A pleasant factor is the corporate supplies an in depth breakdown of absolutely electrical car gross sales and plugin hybrid gross sales, together with by area. So, let’s dive into these. I’m additionally including some figures of my very own — the share of gross sales which are absolutely electrical and plugin hybrids in every of the coated areas, together with a chart on this on the finish of the article.
Volvo Automobiles EV Gross sales Globally
Globally, absolutely electrical car gross sales had been up 54% in 2024 versus 2023. Plugin hybrid gross sales had been up 16% 12 months over 12 months. Each progress figures had been up significantly greater than Volvo Automobiles’ general gross sales progress, +8%.
Absolutely electrical autos elevated from 113,419 in 2023 to 175,194 in 2024. Plugin hybrid gross sales elevated from 152,561 in 2023 to 177,593 in 2024. So, plugin hybrids are nonetheless barely increased sellers than absolutely electrics for Volvo Automobiles, however there’s a powerful pattern towards BEVs.
In December 2024, full electrics accounted for 19% of the corporate’s gross sales, whereas plugin hybrids accounted for 27%. So, 46% of the corporate’s gross sales final 12 months had a plug!
Throughout 2024, full electrics accounted for 23% of the corporate’s gross sales, whereas plugin hybrids accounted for 23% as effectively. So, once more, 46% of the corporate’s gross sales final 12 months had a plug!
Volvo Automobiles EV Gross sales in USA
Within the US, the story was very totally different. Absolutely electrical car gross sales had been down 59%, whereas plugin hybrid gross sales had been up 69%. These wildly totally different outcomes are within the context of general Volvo Automobiles gross sales dropping 3% in 2024.
Full electrics scored 13,609 gross sales in 2023 within the US, however dropped to five,608 gross sales in 2024. Plugin hybrids, in the meantime, had 22,048 gross sales in 2023 and grew to 37,294 gross sales in 2024.
Throughout 2024, full electrics (BEVs) accounted for simply 4.5% of the corporate’s US gross sales, whereas plugin hybrids accounted for 29.8% of gross sales.
Volvo Automobiles EV Gross sales in China
Within the greatest EV market on the planet (and Volvo Automobiles’ true residence market now), absolutely electrical car gross sales rose 33% 12 months over 12 months. Nevertheless, plugin hybrids had been down by 5%. That is all within the context of the corporate’s gross sales dropping 8% 12 months over 12 months in China.
Full electrics went from 3,281 gross sales in 2023 to 4,349 gross sales in 2024, whereas plugin hybrids went from 12,075 gross sales to 11,417 gross sales.
Throughout 2024, full electrics accounted for simply 2.8% of Volvo Automobiles gross sales in China, whereas plugin hybrids accounted for 7.3% of gross sales.
Volvo Automobiles EV Gross sales in Europe
In Volvo Automobiles’ conventional residence, and by far its greatest market, its BEV gross sales grew by a whopping 76% in 2024, whereas PHEV gross sales grew by 11%. That is within the context of its general gross sales rising 25% in 2024 versus 2023.
In quantity phrases, full electrics went from 75,476 gross sales to 133,070 gross sales, and plugin hybrids went from 97,099 gross sales to 107,355 gross sales.
Throughout 2024, 36% of Volvo’s European gross sales had been full electrics, and 29% of its gross sales had been plugin hybrids. Collectively, 65% of Volvo’s European gross sales had a plug!
Associated story: Volvo EX30 Wins CleanTechnica Automotive of the Yr in Europe
Volvo Automobiles EV Gross sales Elsewhere
Past the USA, China, and Europe, absolutely electrical car gross sales grew by 53% in 2024 and plugin hybrids grew by 1%. General, the model’s gross sales declined by 3%.
In quantity phrases, absolutely electrical car gross sales went from 21,053 items in 2023 to 32,167 items in 2024. Plugin hybrids had a really related began level, 21,339 gross sales, however solely rose to 21,527 gross sales.
Throughout 2024, 29% of Volvo’s gross sales in these different markets had been absolutely electrical and 19% had been plugin hybrids.
Taking a look at the entire numbers collectively, it’s clear Europe is carrying the corporate ahead probably the most in the case of plugin autos. The EV share of the model’s gross sales in Europe are at a really excessive degree, a lot increased than in different markets.
General, Volvo Automobiles is main the best way amongst legacy auto manufacturers in the case of electrifying its fleet. Congratulations to Volvo Automobiles, and thanks.
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