Sales of Volvo's fully electric cars accounted for 23per cent of all Volvo cars sold globally during 2024, compared to 16 per cent in 2023, the company said.Volvo Cars' sales fell by 3per cent year-on-year in December to 73,804 cars as the sale of hybrid vehicles declined, the Sweden-based automaker said on Tuesday.
The number of electrified cars, including fully electric and plug-in hybrid vehicles, rose by 20 per cent year on year in December, while so-called mild hybrids with only internal combustion engines fell by 16 per cent, the company said in a statement.
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales for 2024 rose by 8 per cent compared to 2023 to a total of 763,389 cars, boosted by a 54 per cent rise in the number of fully electric models.
Sales of Volvo's fully electric cars accounted for 23 per cent of all Volvo cars sold globally during 2024, compared to 16 per cent in 2023, the company said.
Shares in the company rose 1.8per cent by 0819 GMT, exceeding a 0.9 per cent rise in Stockholm's benchmark index.
