Volvo Cars’ global BEV sales are up 43% year-over-year in March – here’s how its monthly and quarterly EV sales break down. Volvo Cars an all-time high today for global sales during a single month and says its “new fully electric small SUV, the EX30, contributed to the sales growth.” Björn Annwall, Volvo Cars’ chief commercial officer & deputy CEO, says that “in the months ahead, we will focus on ramping up sales of our EX30.” BEVs made up 23% of all cars sold during March. Volvo Cars’ sales of electrified cars, consisting of BEVs and PHEVs, grew by 24% year-over-year in March, resulting in 33,558 sold cars, which makes up a 42% share of all cars sold globally. Of the electrified cars sold, 18,021 of those – up from 12,621 in March 2023 – were BEVs. In Europe, BEVs saw a 66% year-over-year growth rate, resulting in 8,995 cars sold. Sales of electrified cars accounted for 63% of all cars sold in Europe this March. Sales of electrified cars in the US grew by 25% in March compared to the same period last year and accounted for 24% of all Volvo cars sold in the US. Plug-in hybrids saw a 76% surge year-over-year, but BEVs saw a 66% drop. The EX30 release date isn’t landing in the US until this summer. During March, 1,039 electrified Volvos were sold in China, a decrease of 28% compared to the same period last year. Volvo saw a 27% increase of BEV sales in Q1 2024 year-over-year. BEV sales dropped in
China (-28%) and the US (-65%) in Q1, but increased in Europe (48%). Volvo Cars’ CEO in January that the company is confident of “tremendous growth” in the EV market. The automaker expects EVs to account for 50% of its sales volume by 2025, and to be selling only EVs by 2030. and subscribe to the . Michelle Lewis is a writer and editor on Electrek and an editor on DroneDJ, 9to5Mac, and 9to5Google. She lives in White River Junction, Vermont. She has previously worked for Fast Company, the Guardian, News Deeply, Time, and others. Message Michelle on
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