Volvo Automobiles USA reviews that its automotive gross sales in the USA elevated in July by 57 p.c year-over-year to 10,785. Through the first seven months of the yr, gross sales amounted to 70,535 (up 23% year-over-year).

Volvo‘s plug-in electrical automotive gross sales have been additionally very strong. In July, the corporate offered 3,132 rechargeable vehicles (up 226 p.c year-over-year, however from a comparatively low base of July 2022, when lower than a thousand models have been offered). Plug-ins represented 29 p.c of the model’s whole quantity.

It is value noting that all-electric gross sales are growing rapidly and regularly lowering the hole to plug-in hybrid vehicles (in June, BEVs have been even above PHEVs for the primary time).

Volvo plug-in automotive gross sales final month:

• BEVs: 1,255 (up 1,235% year-over-year) and 11.6% share
• PHEVs: 1,877 (up 117% year-over-year) and 17.4% share
• Whole Recharge: 3,132 (up 226% year-over-year) and 29.0% share

To this point this yr, Volvo offered over 20,000 plug-in electrical vehicles within the US, which is roughly 29 p.c of the overall quantity. BEVs alone represents 12.6 p.c.

Volvo plug-in automotive gross sales year-to-date in 2023:

• BEVs: 8,858 (up 127% year-over-year) and 12.6% share
• PHEVs: 11,763 (down 9% year-over-year) and 16.7% share
• Whole Recharge: 20,621 (up 22% year-over-year) and 29.2% share

For reference, in 12 months of 2022, the overall quantity amounted to 27,909 (27.4 p.c of the overall quantity).

To additional enhance all-electric automotive gross sales within the US, Volvo lately introduced the 2024 mannequin yr variations of the C40 Recharge And XC40 Recharge, that are noticeably extra engaging by way of specs than the present 2023 mannequin yr variations.

The imported Volvo fashions are not eligible for the $7,500 federal tax credit score, however the incentive is likely to be included within the lease charges.

Within the not too distant future, Volvo’s BEV lineup (XC40 Recharge and C40 Recharge) might be expanded by the all-new Volvo EX90 mannequin and the lately unveiled Volvo EX30. The following-generation fashions are essential for Volvo’s plan to change into 100% all-electric by 2030.

Michael Cottone, President, Volvo Automobile USA and Canada stated:

“Demand for Volvo vehicles continues to develop within the U.S. and Canada. After the profitable debut of our smallest ever SUV, the Volvo EX30, we’re trying ahead to persevering with on the trail to being totally electrical.”