Adding the rest of the parts together, it looks like this: 11:01 a.m. ET When analyzing sales of all-electric vehicles, we often focus on volume, but more importantly, BEVs as a percentage of an automaker’s total sales. This shows how far the automaker is in its electrification efforts, aiming for 100% electric vehicles. Source: insideevs.com
The company says, “The slump in global consumer demand is having a particular impact on the EV penetration rate.” Polestar’s third-quarter results revealed difficult market conditions, forcing the company to cut its planned electric vehicle deliveries in 2023 to about 60,000 units. Formerly Polestar… Source: insideevs.com
Global plug-in vehicle registrations increased by 23% to 1,291,00 vehicles in September 2023 compared to September 2022. This is a new all-time record. In the end, plug-ins accounted for his 17% share of the total car market (BEV alone’s share was 12%). If that had happened, the market share could have been even higher… Source: cleantechnica.com
MINI, Volvo XC40, BMW 1 Series and Audi A3 all rank in the month’s top 10 bestsellers, demonstrating the importance of premium brands in the new car market in October. Even the Volkswagen Polo Supermini has moved up the rankings, highlighting the appeal of its luxury badge… Source: www.autoexpress.co.uk
Volvo noted that as of September 2023, the share of battery electric vehicles accounted for 15% of global Volvo sales, and in the first nine months of 2023, the company’s sales increased by 27.6%. It says it signals a break from pandemic-related disruptions. The company plans to transition to an EV-only lineup by 2030. Source: www.autoweek.com
Sales of Volvo’s fully electric cars have exceeded sales of plug-in hybrid cars for the first time. Volvo Cars USA reported that its U.S. car sales in June rose 53% from the same month last year to 12,933 vehicles. Sales in the first six months of this year were 59,750 units (up 18% year-on-year). Sales of Volvo’s plug-in electric vehicles Read More
Volvo just closed its first deal on 2024 models, and all models are offering some kind of discount, whether you choose to lease or buy. You can take advantage of these fresh deals and get into his ground floor of a 2024 Volvo. Currently, all his 2024 Volvo vehicles, regardless of model, are eligible for up to $500 off a Read More
Almost one in three new Volvo cars can be charged. 12:14 PM ET Volvo Cars USA announced that its car sales in the United States in July increased 57% from the same month last year to 10,785 vehicles. In the first seven months of this year, his sales were 70,535 units (up 23% year-on-year). Sales of Volvo’s plug-in electric cars Read More
An electric truck outside Volvo Trucks’ Tuve factory in Gothenburg, Sweden. (Holly Adams/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Volvo Group announced on October 18 that global profits and sales increased in the third quarter, but it expects global truck sales next year to be down compared to 2023 levels. The Sweden-based company reported third-quarter Read More