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Volvo Sees an Electrifying Surge: Electric Car Sales Rocket 54% Worldwide in 2024!

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Volvo Cars 2024 Sales Performance Overview: A‌ Detailed Analysis

Volvo Cars⁣ has disclosed its global sales metrics for 2024, featuring a comprehensive regional breakdown. Notably, the company has included in-depth figures regarding fully electric vehicle (BEVs) and plug-in hybrid (PHEV)‍ sales across different markets.⁤ Let’s analyze these⁤ statistics further, including insights ​into the proportion of electric and hybrids-lead-us-straight-to-hell/” title=”Palmer Declares: ‘Hybrids Lead Us Straight to Hell!”>hybrid sales in ⁣each region, ‌supported by ⁤a visual representation at⁢ the conclusion.

Global Electric Vehicle Sales Insights

In 2024, worldwide fully electric vehicle registrations surged‍ by an impressive 54% when compared to 2023. Meanwhile, plugin hybrids experienced a growth of 16%, significantly outpacing⁣ Volvo’s overall sales rise of just 8%.

The number of​ fully electric​ vehicles sold increased‌ from 113,419⁤ units in ​the previous year to​ 175,194 in⁤ this reporting period. Similarly, plugin hybrids grew from 152,561 to 177,593 units ‌sold—indicating‌ that while PHEVs remain marginally ahead in volume terms for Volvo Cars transactions presently, there is a clear‍ upward trend ‍favoring BEVs.

By December of last​ year alone, BEVs constituted about ⁣19% of total sales while ⁢PHEVs made up approximately27%, ⁤translating into a combined plug share of nearly half (46%) of overall transactions throughout the year.

Electric Vehicle Trends in Key Markets
The United States: A Divergent Path

The situation across American market showcases stark ‍contrasts; here‌ BEV registrations plummeted by as much as59%,‌ whereas plug-in​ hybrids saw ⁢remarkable growth at69%. This divergence occurred within a wider context where ‍overall Volvo car sales dipped slightly by3% during this timeframe.

Total U.S. BEV ‌sales⁣ fell drastically from13 ,609 units in20123 down ‍to only5‌ ,608in20​24.In comparison,PHEV figures soaredfrom22 ,048salesin20​23to37 ,294units the‌ following year.

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Throughout these twelve months,BEVsclaimedjust about four-and-a-half percent(4 .5%)of U.S.transactions where PHEVs accountedfor29‌ .8 ⁤%—against declining interests towards full ⁢electrics.

A ⁢Focus on China: Marginal ⁣Gains Within Adverse Trends

In⁢ what stands today as aroundthe planet’ s most significant EV⁤ marketplace—China—the push toward fullyelectric configurationsgained traction with33 % ‍additional volumesover FYYear ;⁣ however,a slight ⁢decrease was ‌reported amongst PHEvs allowing ~downwards movement resulting :-z
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The post Volvo Sees an Electrifying Surge: Electric Car Sales Rocket 54% Worldwide in 2024! first appeared on Tech News.

Author : Tech-News Team

Publish date : 2025-01-08 01:52:10

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