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Adding to the momentum, when the sales from the EX40 and C40 models are factored in, Volvo's total electric vehicle sales reached a whopping 175,000 units in 2024. This marks a substantial 54% increase compared to the previous year, showcasing the effectiveness of Volvo's strategy to expand its electric offerings. The EX30 alone accounted for a significant portion of sales, concluding the year as Volvo's fourth best-selling model globally.
With total global sales of 763,000 units, Volvo has broken its record for the eighth time since 2014. Looking ahead, industry experts predict continued growth, projecting that sales could reach around 850,000 units this year.