• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, June 22, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

Volvo Cars sees 13% sales increase in May, powered by electric

David Ijaseun by David Ijaseun
June 6, 2024
in News
0
Volvo electric Cars
987
SHARES
15.5k
VIEWS
Share on FacebookShare on Twitter

Volvo Cars reported a 13% increase in sales for May, reaching a total of 68,034 vehicles sold. This surge was primarily driven by a significant 27% rise in European markets and the robust performance of its fully electric EX30 model, the company announced on Wednesday.

“May’s sales figures highlight our continuous progress towards achieving our sales target of at least 15% growth for 2024,” Volvo Cars said. The company’s commitment to electric vehicles is evident as sales of fully electric and plug-in hybrid models saw a remarkable 37% increase, now making up 48% of global sales.

READ ALSO

Tesla signs landmark deal for China’s largest grid-scale battery plant

Lucid vs. Rivian: The battle for America’s EV future heats up

Sweden-based Volvo Cars, majority-owned by China’s Geely Holding, has ambitious plans for the future. “We aim for electric vehicles to account for half of our sales by volume by the mid-decade and hope to exclusively sell EVs by 2030,” the company reiterated.

Despite the positive overall performance, sales in the United States and China experienced slight declines, falling by 5% and 1%, respectively. However, this did not deter investor confidence, as shares in the company rose by 1.9% by 0755 GMT.

The shift towards electric vehicles is a crucial part of Volvo Cars’ strategy to stay competitive in the evolving automotive market. With the impressive growth in electric and hybrid sales, the company is steadily moving towards its goal of a more sustainable and electrified future.

Read more on Volkswagen’s low-cost electric vehicle aims to disrupt market, beat Chinese competitors

Tags: electric vehiclesVolvo

Related Posts

Tesla signs landmark deal for China’s largest grid-scale battery plant
News

Tesla signs landmark deal for China’s largest grid-scale battery plant

June 21, 2025
Lucid vs. Rivian: The battle for America’s EV future heats up
Electric Vehicles

Lucid vs. Rivian: The battle for America’s EV future heats up

June 19, 2025
Ferrari Second Electric Car
Electric Vehicles

Ferrari hits the brakes on second electric car, delays launch to 2028

June 18, 2025
Auto Draft
News

Canadian GP: Russell keeps Montreal win as Wolff slams Red Bull protest

June 17, 2025
Taiwo Shittu, CEO, Lanre Shittu Motors
Business

Why Chinese trucks now dominate Nigeria’s roads – Taiwo Shittu

June 8, 2025
Nigeria cracks down on illegal vehicle imports to spur domestic auto growth
Africa

Nigeria cracks down on illegal vehicle imports to spur domestic auto growth

June 8, 2025
Next Post
South Africa’s most expensive number plates costs R113,619 or $6,000

South Africa's most expensive number plates costs R113,619 or $6,000

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Hyundai

Hyundai plans record-breaking IPO in India, eyes $3 bn raise

June 17, 2024
Elon Musk, CEO, Tesla and Turkish President, Tayyip Erdogan

President Erdogan urges Elon Musk to establish Tesla factory in Turkey

September 18, 2023
Stellantis

Stellantis in hot water as shareholders’ lawsuit seeks damages after disappointing earnings

August 16, 2024
Toyota Robotaxis mass production

Toyota’s self-driving Robotaxis by Pony.ai hit the streets

August 9, 2023

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Tesla signs landmark deal for China’s largest grid-scale battery plant
  • Heesen launches Sparta, its biggest yacht at 220 feet long
  • Lucid vs. Rivian: The battle for America’s EV future heats up
  • Tesla pauses Cybertruck and Model Y production to boost efficiency

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In