Volvo's Sales Of Plug-In Hybrids Have Soared By 80% This Year | Carscoops

Volvo’s Gross sales Of Plug-In Hybrids Have Soared By 80% This 12 months | Carscoops

Volvo Automobiles’ international gross sales of its plug-in hybrid fashions jumped by 80 per cent within the first half of the yr on the again of robust demand in Europe. This places Volvo inside attain of getting its electrified fashions account for 20 per cent of its international gross sales.

In Europe, Volvo offered a complete of 123,198 automobiles within the first six months of 2020. Of those, 29,918 had been plug-in hybrids, accounting for 24 per cent of gross sales. That’s a big enhance over the 15,643 plug-in hybrids that Volvo shifted final yr in Europe, or 9 per cent of the 174,653 automobiles it offered within the first half of 2019.

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Globally, plug-in hybrids accounted for 14 per cent of the Swedish automaker’s gross sales. In whole, it delivered 37,775 PHEVs, up from the 21,015 throughout the identical interval in 2019. Auto News experiences that 79 per cent of Volvo’s gross sales had been in Europe in the course of the first six months. Plug-in hybrid variants of the V60 and XC40 proved notably in style.

In China, however, PHEVs accounted for 3.2 per cent of Volvo’s gross sales or about 2,100 models, pushed primarily by demand for the S90.

Final yr, Volvo set a goal of getting plug-in hybrids account for 20 per cent of its international gross sales in 2020. Chief government Hakan Samuelsson says this goal remains to be in sight regardless of the coronavirus pandemic.

“That [target] positively has not been halted by the pandemic. Prospects are asking for superior electrical automobiles,” he mentioned. “Revenues [from the sale of plug-in hybrids] have coated the fabric value enhance from shifting to electrification. Long run, what can be actually dangerous to your profitability is making an attempt to promote these old skool automobiles.”

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