Volvo reports 22,757 car sales in the US during the first quarter of 2022, which is 16.5% less than a year ago. In March, sales decreased by 5.0% to 9,428.
In contrast, Volvo plug-in electric car sales increased quickly reaching 6,018 in Q1 2022 (up 93% year-over-year), including 2,430 in March (up 92%). The share of plug-ins represent 26% of the total volume in Q1 (a similar share was achieved in March).
According to the company, especially all-electric car sales increases quickly, although this category still requires some time to catch up with plug-in hybrids:
Volvo plug-in car sales in March 2022:
- BEVs: 674 (up 1,196% year-over-year)
- PHEVs: 1,756 (up 44% year-over-year)
- Total Recharge: 2,430 (up 92% year-over-year)
Volvo plug-in car sales in Q1 2022:
- BEVs: 1,658 (up 418% year-over-year)
- PHEVs: 4,360 (up 56% year-over-year)
- Total Recharge: 6,018 (up 93% year-over-year)
This year should be even better for the Volvo Recharge subbrand than 2021. In the long term, Volvo intends to achieve a 100% share of BEV sales by 2030.
In the near future, the company will introduce the first models, built on a new, dedicated all-electric platform. Meanwhile, the plug-in hybrids received an EV range and power boost.
