Volvo's Global Electrification Sales Trend Rises In August 2024

Volvo EX30. (Doc. Volvo Cars)

JAKARTA - Volvo reported its global sales for August by recording 52,944 units, up 3 percent compared to the same period last year.

"The performance in Europe is very encouraging, as sales of our electric vehicles continue to grow rapidly, with EX30 leading this segment," said Volvo Cars Chief Commercial Officer and Deputy CEO Bjorn Annwall on its official website, Monday, September 9.

The brand based in Gothenburg, Sweden recorded an increase in electrification consisting of Electric Vehicle (EV) and Plug-In Hybrid (PHEV) by up to 47 percent compared to the same period last year and accounted for 47 percent of the total.

Of the total number, the pure EV segment accounted for 25 percent of the month globally.

Europe is still the best-selling market explored by Volvo, which recorded 21,119 units last August, an increase of 32 percent compared to last year. Of these, 15,494 units of them came from the environmentally friendly vehicle segment.

Then, the Chinese market became the second largest market for this brand by obtaining 12,185 units (down 23 percent) with 1,233 units of which were electrification segments, up 10 percent from last year.

The United States (US) market is the third highest by obtaining 10,420 units (or a decrease of 2 percent) with 3,933 units of which are electrification products, an increase of 47 percent.

In August, the XC60 model was still the best-selling with a total of 14,723 units globally, followed by XC40 or EX40 with 10,668 units, and EX30 with 8,346 units.

During January to August 2024, Volvo was recorded to have sold 498,464 units globally, up 11 percent in the same period.