Volvo’s electrified model sales surged by 47% in August despite a general sales decline, highlighting a shift towards electric and hybrid vehicles in the automotive market.
The company’s electrified vehicles now make up 37.7% of overall sales, pointing to a significant trend in consumer preference for more sustainable options, especially in the luxury segment.
As Volvo prepares to launch the all-electric EX90, which is positioned in the lucrative luxury three-row market, it reflects a strategic pivot towards a fully electric future.
Despite a slight decline in overall sales, the notable growth in the sales of electrified models signifies strong demand that has not slowed in the EV market.
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