Volvo reports an increase in electric vehicle sales by 2022

Volvo’s electric cars reached 10.9% during 2022.

Volvo Cars has reported its results for the full 2022 period, which are down on 2021 by 12%, reporting total sales for last year of 615,121 Volvo-branded cars. This decline in sales is directly related to the supply crisis that is affecting a multitude of sectors, including the automotive industry. In the month of December, Volvo Cars sold 72,663 units, 12.8% more than in the same month of 2021.

As for electric vehicle sales, they rose sharply to 10.9%, up from 3.7% in 2021. The electrified ‘Recharge’ range, which encompasses pure electric propulsion systems and plug-in hybrids, reached 43.8% during December 2022. More specifically, all-electric vehicles accounted for 20.1% of global sales during December.

In Europe, 2022 sales fell by 15.7% to 247,413 cars. In December, Volvo Cars sold 33,407 cars in Europe, 17% more than in the same month in 2021. The electrified ‘Recharge’ range reached 135,714 units in 2022 and, in more detail, the all-electric range reached 45,690 units, an increase of 175.7%.

Volvo C40 Recharge frontal

In other markets, such as the US, Volvo Cars sold 102,038 cars, a decrease of 16.5% compared to 2021. Sales of all-electric vehicles were 7,308 units in 2022, up 14.3% compared to 2021.

In China, sales reached 162,322 cars, 5.4% less than in 2021. However, in the month of December, in both markets, sales increased in line with the same period in 2021. Pure electric sales for the whole of 2022 reached 2,999 units, increasing by 231.4% compared to 2021.

Another point to comment on is online sales, which overall in 2022 increased by 17% compared to 2021.

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