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Volvo Increased EV Sales in the US in Q1 2022

Volvo Increased EV Sales in the US in Q1 2022

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.