In 2017, Volvo became one of the first automakers to pivot strongly toward electrified vehicles. More recently, it announced that by mid-decade, it wants half of its sales to be plug-in vehicles, with an entirely electric line-up by 2030.
As it turns out, the company is well on its way to making that happen—for the first 10 months of this year, just over a quarter of all new Volvos were electrified. And the automaker isn’t fudging the numbers by including 48 V “mild hybrids”—just plug-in hybrid and battery-electric Volvos.
Volvo sold a total of 581,464 cars between January and October of this year, despite supply chain problems that have affected production. Of those cars, 148,068 were either plug-in hybrid or battery electric, with the vast majority (129,803) being plug-in hybrid versions of the 60 series and 90 series vehicles.
With only two battery-electric Volvos on sale (the XC40 Recharge and C40 Recharge), it’s not surprising that BEVs made up a smaller percentage at just 3.1 percent, or 18,261 cars in total.
Here in the US, the automaker sold 104,066 vehicles, of which 12,906 were plug-in hybrids and another 5,225 were fully electric.