Electrified Models Make Up over 25% of Volvo Sales

• Volvo's BEV and PHEV sales accounted for 25.5% of sales in the first 10 months of 2021, accelerating in recent weeks.

• The automaker aims for half of its sales to be battery-electric by 2025, ahead of 100% of sales being BEV by 2030.

• Battery-electric models currently account for 3.1% of Volvo sales, but more EV models are on the way in the coming months.

Earlier this year Volvo revealed plans for half of its global vehicle sales to be represented by battery-electric by the middle of the decade, ahead of its full lineup being EV-only by 2030. The ambitious plans, backed up by a recent IPO offering in its home country, will see a slew of new EVs introduced in the coming years, in the run-up to the end of the decade that will see gas-engined vehicles and hybrids take a final bow.

Where does Volvo stand more than three-quarters of the way to 2022?

The automaker revealed days ago that the share of cars sold with electric or plug-in hybrid powertrains through the first 10 months of the year amounted to 25.5%, with sales of such vehicles in October alone adding up to 31.5%.

Of course, electrified does not mean electric, as Volvo is just now launching its second battery-electric model with the debut of the C40 Recharge, to keep the XC40 Recharge company. So plug-in hybrids still make up the bulk of that 25.5% share, with pure-electrics making up 3.1% of overall sales.