{"id":65303,"date":"2024-01-08T00:03:29","date_gmt":"2024-01-08T05:03:29","guid":{"rendered":"http:\/\/autosector.com\/?p=65303"},"modified":"2024-01-08T00:03:29","modified_gmt":"2024-01-08T05:03:29","slug":"volvo-us-plugin-car-sales-december2023","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=65303","title":{"rendered":"Volvo U.S. Plug-In Car Sales Hit New Record In 2023 Despite Slower December"},"content":{"rendered":"

Volvo Cars USA reports that its car sales in the United States increased in December by 23% year-over-year to 13,609. In the full year, car sales amounted to 128,701 (up 26% year-over-year).<\/p>\n

The growth of Volvo<\/a>‘s plug-in electric car sales decreased in recent months\u2014mostly due to lower sales of all-electric cars, although it’s probably a temporary issue.<\/p>\n

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Volvo electrification hit a new record<\/p>\n

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In 2023, Volvo sold in the U.S., a record number of over 35,000 plug-in electric cars (up 28% year-over-year), including a record number of 13,609 all-electric cars (up 86% year-over-year). Between 2023 and 2030, the brand’s BEV share is expected to increase from 10 to 100%.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n

In December, Volvo plug-in electric car sales amounted to 3,232 (up just 0.9% year-over-year), which represents about 23.7% of the brand’s total volume.<\/p>\n

The slow rate of growth was caused by a significant 39% reduction in all-electric car sales (686 units) compared to a year ago. We assume that it might have something to do with the high base (record sales level in late 2022), as well as the switchover to the new 2024 model year<\/a>. It’s expected that the results will improve in 2024.<\/p>\n

Meanwhile, Volvo plug-in hybrid car sales continued to increase in December, reaching 2,546 units (up 23% year-over-year).<\/p>\n

Volvo plug-in car sales last month (YOY change):<\/p>\n