Volvo Cars USA reports that its car sales in the United States increased in June by 53 percent year-over-year to 12,933. During the first six months of the year, sales amounted to 59,750 (up 18% year-over-year).
Volvo’s plug-in electric car sales also increased in June, reaching 3,793 units (up 79 percent year-over-year), which was the second-highest monthly result ever. Rechargeable cars represented more than 29 percent of the brand’s total volume.
One of the most interesting things is sales of all-electric cars, which amounted to 2,123 (up 284 percent year-over-year). This is the new all-time record for BEVs.
Not only that, for the very first time, Volvo all-electric car sales were higher than plug-in hybrid car sales. PHEVs are struggling this year, which indicates that we should accustom ourselves tothe situation when BEVs are in charge.
Volvo plug-in car sales last month:
- BEVs: 2,123 (up 284% year-over-year) and 16.4% share
- PHEVs: 1,670 (up 7% year-over-year) and 12.9% share
- Total Recharge: 3,793 (up 79% year-over-year) and 29.3% share
During the second quarter of 2023, Volvo sold in the US 9,778 new plug-in electric cars (one percent less than a year ago). However, when it comes to BEVs, the result of 4,821 units was 124 percent higher than a year ago.
So far this year, Volvo sold almost 17,500 plug-in electric cars in the US, which is roughly 29 percent of the total volume. BEVs were up 100 percent year-over-year, more than compensating for the decline of PHEVs.
Volvo plug-in car sales year-to-date in 2023:
- BEVs: 7,603 (up 100% year-over-year) and 12.7% share
- PHEVs: 9,886 (down 18% year-over-year) and 16.5% share
- Total Recharge: 17,489 (up 10% year-over-year) and 29.3% share
For reference, in 12 months of 2022, the total volume amounted to 27,909 (27.4 percent of the total volume).
To further increase all-electric car sales in the US, Volvo recently announced the 2024 model year versions of the C40 Recharge And XC40 Recharge, which are noticeably more attractive in terms of specs than the current 2023 model year versions.
The imported Volvo models are not eligible for the $7,500 federal tax credit, but the incentive might be included in the lease rates.
| Model | Base Price | Dest. Charge | Tax Credit | Effective Price |
| 2023 Volvo C40 Recharge 19-inch | $55,300 | +$1,095 | N/A | $56,395 |
| 2023 Volvo XC40 Recharge 19-inch | $53,550 | +$1,095 | N/A | $54,645 |
| Model | Drive | Battery (kWh) |
EPA Range |
0-60 mph (sec) |
Top Speed |
| 2023 Volvo C40 Recharge 19-inch | AWD | 78 | 226 mi (364 km) |
4.5 | 112 mph (180 km/h) |
| 2023 Volvo XC40 Recharge 19-inch | AWD | 78 | 223 mi (359 km) |
4.7 | 112 mph (180 km/h) |
| 2024 Volvo C40 Recharge RWD 19-inch | RWD | 82 | 297 mi* (478 km) |
||
| 2024 Volvo C40 Recharge AWD 19-inch | AWD | 78 | 257 mi* (414 km) |
||
| 2024 Volvo XC40 Recharge RWD 19-inch | RWD | 82 | 293 mi* (471 km) |
||
| 2024 Volvo XC40 Recharge AWD 19-inch | AWD | 78 | 254 mi* (409 km) |
* estimated/unofficial values
Volvo’s lineup in the US includes only electrified models (mild hybrid, hybrid, plug-in hybrid, or all-electric), including two BEVs (XC40 Recharge and C40 Recharge). In the near future, the lineup will be joined by the all-new Volvo EX90 model, which will be produced locally (alongside the Polestar 3) and the recently unveiled Volvo EX30.
By 2030, Volvo intends to increase all-electric car sales share to 100% (globally), as well as increase sales volume to 1.2 million units annually.
