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Volvo cars sees record 113K EVs and 152K PHEVs sales in the past year

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Volvo XC40

Volvo has published its sales record for 2023 including a large increase of 15% in overall business compared to 2022.

Volvo 113,419 fully electric vehicles (EVs) in the past year, which is an increase of 70% compared to 2022. On the other hand, Volvo sold 152,561 plug-in hybrid vehicles (PHEVs) with a 10% growth compared to 2022.

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The electrified vehicles by Volvo account for 16% of total vehicles sold by the company in 2023.

In Q4 2023, Volvo sold 76,015 cars with an increase of 5% compared to Q4 2022. Its sales in Europe reached 294,794 units in 2023 with a 19% increase over a year earlier.

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Volvo XC40

Volvo XC40

The Swedish car maker in the U.S. recorded 128,701 cars with a 26% growth compared to 2022. The number of sold recharge cars increased by 28% and accounted for 28% of all cars sold in the U.S. during the year.

Throughout the past year, the Volvo XC60 kept its place as the top-selling model with 228,646 cars compared to 195,338 units sold in 2022. It was followed by XC40 with a total sales of 200,670 cars up from 169,206 cars in 2022. XC90 comes third at new 107,549 units and 97,130 units in 2022.

(source – Volvo)

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Mel Trivalo is a senior author at EONMSK.com, he began his early career in electronics in 2021 and turned his attention towards Space and Rocket Science. Mel likes to explore new technologies and swings baseball to run through creative thoughts.