Volvo's Global EV Sales Reach New Record in February 2024

Despite a slight overall sales dip, Volvo's electric vehicle sales surged, setting new records for both all-electric and plug-in hybrid models.

Volvo Cars reported a 2% decrease in global car sales in February 2024, with a sharp drop in China attributed to the Lunar New Year.
Electric vehicle sales, including plug-in hybrids, hit a new record with 22,266 units sold, accounting for 44.3% of total sales.
All-electric car sales increased by 14% year-over-year, with the Volvo EX30 model significantly boosting sales.
In the U.S., all-electric car sales saw a significant decrease, while plug-in hybrid sales surged.
Volvo aims to become an all-electric automaker by 2030, with new models like the EX90 and EM90 expected to boost future sales.