Swedish automotive giant Volvo Cars reported this week that of the 47,561 cars the company sold across the globe in January 2022, nearly 32% were electrified to some degree, with sales of fully electric cars more than doubling compared with January 2021.
Volvo Cars reported sales of 47,561 for January 2022, a decline of 20.2% compared to January 2021, highlighting a trend across the industry.
However, despite lacklustre sales overall, Volvo Cars saw continued demand for its electrified models, with cars built on the company’s Recharge line-up of cars with a fully electric or plug-in hybrid powertrain accounting for 31.7% of all sales.
Sales of fully electric cars during January were similarly up, more than doubling the number sold during January 2021 and accounting for 6.6% of total sales for the month.
Specifically, of the 47,561 Volvo cars sold during January, 15,071 were built on the Recharge line-up, and included 11,944 plug-in hybrid models and 3,127 fully electric models.
The news follows a month after Volvo Cars reported its full year 2021 sales figures, which grew by 5.6% between 2020 and 2021 to a total of 698,693 models sold during the year.
Of the 698,693 Volvo cars sold during 2021, 27% were based on the company’s Recharge line-up, with a total of 189,216 Recharge models sold, including 163,489 plug-in hybrid models and 25,727 fully electric models.
Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.