Volvo's U.S. sales in April rose 10% YoY, with plug-in car sales accounting for a significant portion. Plug-in hybrid sales saw an 89% increase, driving overall growth, while all-electric car sales remained disappointingly low.
Year-to-date stats show Volvo's plug-in car sales increasing by 15%, comprising 27.5% of total sales. Despite the rise in plug-in hybrid sales by 55%, all-electric sales dropped by 69%. Expect an EV surge with the launch of new models.
Volvo sold 3,334 plug-in cars in April, representing a 13% increase YoY. Plug-in hybrid cars accounted for 28.3% of the sales, with all-electric cars only making up 3.1%. The company anticipates a boost in EV sales with the introduction of new models.
Volvo's EV sales have seen a continued decline, with only 328 units sold in April, marking a 76% drop YoY. However, the company anticipates a turnaround in EV sales with the upcoming launch of the next-generation Volvo EX30 and Volvo EX90 models.
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