Sales of electric vehicles in May grew from a year ago to 7.9 percent. Volvo’s electric vehicle sales represented 33.6 percent of total sales, an increase of 10 percentage points compared to the same month of 2021.
The decline in Volvo sales was due to the Covid-19-related lockdown in China affecting the supply chain leading to reduced production capabilities.
However, Volvo sees a recovery in the supply chain as COVID-19-related restrictions are gradually easing. This is expected to increase the volume of production of Volvo vehicles.
Orders for Volvo’s electric vehicle models are on the rise. However, the lockdown also had an impact on electric car production in the second quarter and this will have an impact on the decline in electric vehicles delivered in the third quarter.
European sales for May totaled 18,752 units, down 24.3 percent compared with the same month last year. Recharge car sales accounted for 47 percent of total sales in the region during the same month.
Meanwhile in the US market for the same month it reached 9,372, down 29.1 percent compared to May last year, with the Recharge model accounting for 35.7 percent of total sales.
China’s sales fell 43.8 percent in May to 9,488 cars compared with the same month last year.
Volvo Cars’ best-selling model for this month is the XC60 with sales of 15,177 cars (2021: 19,835 units), followed by the XC40 with 12,097 cars (2021: 20,350) and the XC90 with 8,790 cars (2021: 9,962 units).