Global sales of Volvo Cars of its hybrid models with pluggable modules rose 80% in the first half of the year due to strong demand in Europe.
The Volvo electric model accounts for 20 percent of global sales. In Europe, Volvo sold a total of 123 198 vehicles in the first six months of 2020. 29 918 was by plug-in hybrids, which accounted for 24% of sales. This is a significant increase compared with 15 643 hybrids that Volvo sold last year in Europe, or 9% more than in the first half of 2019.
Worldwide hybrids with plug-ins accounted for 14% of sales for the Swedish automaker. In total, he delivered 37 775 PHEV, compared to 21 015 for the same period in 2019. 79% of Volvo sales were made in Europe during the first six months. Plug-in hybrid V60 and crossover XC40 has been particularly popular.
In China, on the other hand, the PHEV was 3.2% of sales of Volvo, or about 2,100 units, mostly due to demand for Volvo S90.
Last year, Volvo has set a goal that the share of hybrids, plug-in devices accounted for 20% of its global sales in 2020. CEO Hakan Samuelsson says that this goal is still relevant, despite the pandemic coronavirus.
“This [goal] was definitely not stopped the pandemic. Customers are asking for modern electric cars”, – he said. “Revenues [from the sale of plug-in hybrids are] upon the increase in the cost of materials from transition to electrification. In the long run, that would be very bad for your profitability, it is trying to sell these cars old school”.