Volvo Cars: electric cars = 5.7% of its sales in August

Volvo Cars has one of the most aggressive EV transition plans among mainstream automakers. It plans to sell only all-electric cars globally by 2030. Last year, 70-year-old Volvo Cars CEO Håkan Samuelsson said: “I am totally convinced that there is no there will be no customers who will really want to stick with a gasoline engine. Just 8 years from this point, the company is far from being 100% electric, but it is moving in the right direction.

Volvo Cars’ latest sales report shows that 5.7% of the company’s global auto sales were all-electric auto sales in August. All plug-in vehicles (Volvo Recharge vehicles) accounted for 21.9% of sales.

In Europe, 47.8% of Volvo Cars sales were Recharge models in August, 10.6% were fully electric. In August, all-electric sales increased by 89.6%. In January-August, they increased by 70.8%.

In the UNITED STATES, those figures were 27.8% (Recharge models) and 6.3% (all-electric). Unfortunately, all-electric sales fell dramatically in the United States in August (down 70.9%, from 708 to 206 sales). Over the first 8 months of the year as a whole, they are up slightly (4.5%, from 3,935 to 4,111).

China, surprisingly, is where Volvo Cars doesn’t do as well in this regard. In August, 7% of the company’s sales were Recharge models, while just 1.7% were all-electric. That said, fully electric vehicles increased from 52 in August 2021 to 492 in August 2022 (an increase of 846.2%), and for January-August they increased from 373 to 1,720 (an increase of 361.1 %).

Nearly across the board, hybrid plug-in sales were down year over year. Only looking at January-August sales in the US did they show a year-over-year increase (36%).

While the numbers from Europe, the United States and China are fascinating, the “other markets“The numbers were the most interesting of all. In August, all-electric vehicles increased by 192.3% (from 117 to 342 – small numbers, to be fair). In the first 8 months of 2022, they increased by 1128.7%! This went from 404 (almost nothing) to 4,964.

Any other thoughts on these Volvo Cars numbers?

You can see that Volvo Cars sales overall were down 4.6% in August and 21.5% in January-August.

Related: Volvo CEO: Totally Convinced No One Will Want A Gas-Powered Car In 2030


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