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Volvo Plug-In Electric Car Sales Remained Below 10,000 In August 2022

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Volvo Cars reports 43,666 global car sales in August, which is 4.6% down year-over-year, but at the same time, it’s the lowest decrease in over a year. During the first eight months of the year, sales decreased by 21.5% to 379,631.

In terms of plug-in electric cars (Volvo Recharge), last month the company sold 9,582 units (down 13% year-over-year), which is 21.9% of the total volume.

The Swedish brand explains that demand remains strong, especially for its Recharge models, but production is still limited, which affects sales:

“The positive trend in production continued into August. However, the pace of normalisation was affected by power cuts and Covid-19 outbreaks in China. In addition, lack of availability of components, notably semiconductors, continues to influence manufacturing output, which impacted Volvo Cars’ retail deliveries during the month.”

Interestingly, all-electric car sales improved by almost 52% year-over-year to 2,494, but the result is still about two times lower than the peak of 5,256 in March.

Volvo Recharge result:

  • BEVs: 2,494 (up 52%) and 5.7% share
  • PHEVs: 7,088 (down 25%) and 16.2% share
  • Total: 9,582 (down 13%) and 21.9% share
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So far this year, Volvo sold over 113,000 plug-in electric cars, which is slightly less than a year ago at this point.

Volvo Recharge sales YTD:

  • BEVs: 26,297 (up 91%) and 6.9% share
  • PHEVs: 86,842 (down 18%) and 22.9% share
  • Total: 113,139 (down 5%) and 29.8% share

For reference, in 12 months of 2021, Volvo sold almost 190,000 plug-in electric cars.

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Geographically, as usual, most Volvo plug-in cars were sold in Europe (5,223 in August and 70,113 year-to-date).

In the US, sales decreased in August, by 30% year-over-year to 1,380 (206 BEVs and 1,174 PHEVs).

Volvo’s lineup includes two all-electric models, the Volvo C40 Recharge and the Volvo XC40 Recharge. In August, the company sold 1,613 electric XC40 (down 2%) and 881 C40 (new). In the not-too-distant future, Volvo will introduce next-generation BEVs, which are expected to boost sales.

Volvo Cars detailed sales results:

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This article was originally published by Insideevs.com. Read the original article here.
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