Volvo Successfully Sells More Than 700,000 Vehicle Units Globally, EV And PHEV Segment Increases Rapidly

Volvo XC60 T8 Recharge 2024. (Doc. Volvo Cars)

JAKARTA - The Swedish auto brand, Volvo, managed to record impressive achievements during 2023 by recording a global sales record of 708,716 units, or an increase of 15 percent compared to the previous year.

According to Volvo's official report on Monday, January 8, sales of its electric vehicles reached 113,419 units during 2023, a significant increase of 70 percent compared to the previous period. Meanwhile, sales of plug-in hybrid vehicles (PHEVs) accounted for 152,561 units, showing an increase of 10 percent compared to 2022. Thus, Volvo's total environmentally friendly vehicle sales reached 265,980 units, an increase of 30 percent from the previous period.

Meanwhile, specifically for December 2023, Volvo managed to sell 76,015 vehicles globally, recording an increase of 5 percent compared to the same period in 2022.

This positive trend continues in the European market, where sales reached 294,794 units, an increase of 19 percent, with 172,575 pure EV-based vehicles and PHEV sold during 2023.

China became the region with the second most Volvo sales in 2023, with a total of 170,091 units sold, an increase of 5 percent from the previous year. Of these, 15,358 vehicles are environmentally friendly cars, recording an increase of 26 percent.

The third position is occupied by the United States, with sales reaching 128,701 units over the past 12 months, an increase of 26 percent from the previous year. Of total sales, 35,657 vehicles are 'Recharge' variants, including EVs and PHEVs.

For 2023, the XC60 model is the highest selling model, reaching a total of 228,646 units, followed by XC40 with a total of 200,670 vehicles, and XC90 completes the top three with 107,549 cars.