Volvo has sold 581,000 cars so far in 2021, with more than 25 percent of them hybrid or electric.
Global Volvo sales have increased by 12.6 percent during the first 10 months of 2021, compared to the same period last year.
That’s despite the lingering challenges of the pandemic, along with the semiconductor chip shortage. Both of these factors have affected car production across the world.
Significantly, of the 581,464 Volvos sold so far this year, more than a quarter (25.5 percent) were electrified.
Volvo sales include 148,068 electrified cars and SUVs, comprising both full-electric and plug-in hybrid versions.
Europe accounted for 69 percent of all electrified Volvo cars.
Battery electric models account for 3.1 percent of total sales, driven by the XC40 Recharge compact SUV. The new C40 Recharge, which has just started production, will doubtless see this percentage increase.
Volvo’s range of plug-in hybrid models racked up 129,803 sales during 2021. This represents a huge 59.9 percent increase on Volvo PHEVs sold during the same period in 2020.
Volvo generated headlines in 2017 when it announced all new models launched from 2019 would be electrified. It promised the launch of three new models, plus two related Polestar cars.
Earlier this year, Volvo also committed to become a fully electric car company by 2030.
This will see it only selling fully electric vehicles, with all cars featuring an internal combustion engine to be phased out.
The plan is that electric Volvos will account for 50 percent of sales by 2025, with plug-in hybrids responsible for the remainder.