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Volvo Automobiles USA stories that its automotive gross sales in the US elevated in June by 53 p.c year-over-year to 12,933. Through the first six months of the 12 months, gross sales amounted to 59,750 (up 18% year-over-year).
Volvo‘s plug-in electrical automotive gross sales additionally elevated in June, reaching 3,793 items (up 79 p.c year-over-year), which was the second-highest month-to-month consequence ever. Rechargeable vehicles represented greater than 29 p.c of the model’s complete quantity.
Probably the most attention-grabbing issues is gross sales of all-electric vehicles, which amounted to 2,123 (up 284 p.c year-over-year). That is the brand new all-time document for BEVs.
Not solely that, for the very first time, Volvo all-electric automotive gross sales have been larger than plug-in hybrid automotive gross sales. PHEVs are struggling this 12 months, which signifies that we must always accustom ourselves tothe state of affairs when BEVs are in cost.
Volvo plug-in automotive 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
- Complete Recharge: 3,793 (up 79% year-over-year) and 29.3% share
Through the second quarter of 2023, Volvo offered within the US 9,778 new plug-in electrical vehicles (one p.c lower than a 12 months in the past). Nevertheless, in the case of BEVs, the results of 4,821 items was 124 p.c larger than a 12 months in the past.
Thus far this 12 months, Volvo offered virtually 17,500 plug-in electrical vehicles within the US, which is roughly 29 p.c of the entire quantity. BEVs have been up one hundred pc year-over-year, greater than compensating for the decline of PHEVs.
Volvo plug-in automotive 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
- Complete Recharge: 17,489 (up 10% year-over-year) and 29.3% share
For reference, in 12 months of 2022, the entire quantity amounted to 27,909 (27.4 p.c of the entire quantity).
To additional improve all-electric automotive gross sales within the US, Volvo not too long ago introduced the 2024 mannequin 12 months variations of the C40 Recharge And XC40 Recharge, that are noticeably extra enticing when it comes to specs than the present 2023 mannequin 12 months variations.
The imported Volvo fashions are not eligible for the $7,500 federal tax credit score, however the incentive is perhaps included within the lease charges.
| Mannequin | Base Value | Dest. Cost | Tax Credit score | Efficient Value |
| 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 Pace |
| 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) |
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| 2024 Volvo C40 Recharge AWD 19-inch | AWD | 78 | 257 mi* (414 km) |
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| 2024 Volvo XC40 Recharge RWD 19-inch | RWD | 82 | 293 mi* (471 km) |
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| 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 domestically (alongside the Polestar 3) and the not too long ago unveiled Volvo EX30.
By 2030, Volvo intends to extend all-electric automotive gross sales share to 100% (globally), in addition to improve gross sales quantity to 1.2 million items yearly.
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