Volvo experienced a remarkable growth in electrified vehicle sales, with 46% of total sales attributed to fully electric and plug-in hybrid models, marking a significant shift in consumer preference.
Despite setbacks in the U.S. market, with EV sales plunging by 59%, the overall global performance improved for Volvo, as fully electric models rose by 54%.
The introduction of the EX30 into the market, despite its delays, has significantly contributed to the growth of Volvo's sales in Europe, indicating strong consumer demand for affordable electric options.
Volvo's comprehensive plug-in hybrid lineup has been a crucial factor in its global success, accounting for substantial increases in both EV and PHEV sales, particularly in European markets.
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