Volvo Cars reported 68,034 global car sales in May, 13% more than a year ago. During the first five months of the year, sales amounted to 316,559, up 15% year-over-year. The results were boosted primarily by the solid all-electric car sales and overall results in Europe—Volvo's largest market. Volvo's plug-in electric car sales increased last month by 37% year-over-year to 32,768. This brought the rechargeable car share to a new record of 48.2% compared to 39.7% a year ago.
2% share Volvo Plug-In Car Sales - May 2024 So far this year, Volvo's plug-in car sales have exceeded 139,000 , accounting for 44% of the brand's total sales. All-electric car sales amounted to 72,325 . Volvo Recharge sales year-to-date : BEVs: 72,325 and 22.8% share PHEVs: 66,961 and 21.2% share Total Recharge: 139,286 and 44% share For reference, in 2023, Volvo plug-in car sales exceeded 265,000 cars , which was also 37.5% of the total volume.
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