Volvo Global Plug-In Car Sales Rebound To 20,000 In October 2022 via insideevs.com
Volvo Cars reports 54,317 global car sales in October, which is 6.9% more than a year ago and the second consecutive positive result after over a year of decline. However, that's not enough yet to offset the sales lost earlier this year due to production constraints. Year-to-date, Volvo sold 483,304 cars .sold almost 20,000 plug-ins , which is also 36.8% of the total volume .
"Overall underlying demand for the company’s cars remains robust, especially for its Recharge range of pure electric and plug-in hybrid cars." Volvo can be especially happy that its all-electric car sales almost tripled year-over-year to 8,148 and for the very first time reached a 15% share of the total sales. That's an outstanding result, considering that a new generation of BEVs is just around the corner.Volvo Recharge result:Volvo Recharge sales - October 2022
So far this year, Volvo sold over 148,000 plug-in electric cars, which is almost a third of the total volume.Total: 148,572 and 30.7% shareVolvo is expected to continue the expansion of its plug-in car sales, especially all-electric ones, once it introduces its new generation of BEVs.In the US, sales increased in October, by 20% year-over-year to 2,528Interestingly, China noted a 25% decline to 917 units, but it might be highly related to local COVID-19 lockdowns.
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