Volvo Cars got off to a strong start with a year-over-year sales increase of 7,693 units of its total car sales in January 2023, per its press release. The Swedish automaker also reported plug-in electric car sales of 22% to 2,370 units, representing 30.8% of its overall volume.
Volvo plug-in car sales in the US in January 2023
Volvo sold 771 all-electric cars (BEVs) in January 2023, up 80% YoY from 428 units. Notably, that sum is a tenth of the total volume for the third subsequent month. Meanwhile, the automaker reported sales of 1,599 plug-in hybrids, up 8% YoY from 1,480 units.
| Category | Sales | Volume Share |
| BEVs | 771, up 80% YoY | 10.0% |
| PHEVs | 1,599, up 8% YoY | 20.8% |
| Total Recharge | 2,370, up 24% YoY | 30.8% |
“Volvo is running full steam ahead toward being fully electric by 2030. We are energized as more and more people choose to buy, lease and subscribe to Volvo cars.”
Anders Gustafsson, Volvo Car USA’s Senior VP and President/CEO
Volvo plug-in car sales year-to-date in 2022
For reference, Volvo sold 7,308 all-electric cars (BEVs) in 2022, up% 14% year-over-year. Meanwhile, its PHEV sales increased 25% YoY to 20,601 units in 2022. All that considered, Volvo’s plug-in car sales in the US in 2022 reached 27,909 units, up 22% YoY.
| Category | Sales | Volume Share |
| BEVs | 7,308, up 14% YoY | 7.2% |
| PHEVs | 20,601, up 25% YoY | 20.2% |
| Total Recharge | 27,909, up 22% YoY | 27.4% |
Remarkably, Volvo’s sales in the US have been steadily increasing from last year until now. It will not be surprising if the automaker delivers another strong result this month.
It is worth noting that Volvo only offers electric vehicles in the US, including mild hybrid, hybrid, plug-in hybrid, or all-electric. The automaker plans to add the highly awaited Volvo EX90 model to its current US portfolio, which includes the XC40 Recharge and C40 Recharge BEV models.
All that said, the remarkable January 2023 sales could serve as Volvo’s stepping stone towards achieving its goal of 100% EV sales worldwide by 2030. It also plans to boost its sales volume to 1.2 million units per year, which may further increase Volvo’s sales return.
