Based on its half-year global vehicle sales, Europe accounted for 44 percent of Volvo’s overall volume, followed by China at 25 percent and the U.S. at 17 percent.
Through six months, Recharge-badged models, which include plug-in hybrids and full-electric vehicles, accounted for 41 percent of Volvo’s sales in Europe, 16 percent in the U.S. and 4.3 percent in China.
One bright spot that Green and Volvo CEO Hakan Samuelsson both mentioned to ANE last week was that more than 40 percent of the cars the automaker sold in California in the first half were plug-in hybrids or full electric. That number was more than 50 percent in the month of June, according to company figures.
Producing to the limits
Reaching its goal of selling 1.2 million cars by 2025 means Volvo will have to increase its worldwide volume by more than 80 percent compared with the 661,713 vehicles sold in 2020.
Green said that would be possible “if we bump up the maximum capacity in all the plants that we have.”
Volvo currently builds cars in Sweden, Belgium, the United States and at three factories in China.