EVs main driver of Volvo’s record 2024 sales
Fully electric cars now represent 23% of Volvo's total sales.
A 54% annual increase in EV sales was the main driver for Volvo Cars’ record-breaking revenue in 2024, at more than €36 billion, the Swedish carmaker said in its annual report.
Volvo sold a record 763,389 cars in 2024 – and 175,194 of them (23%) were fully electric. EV sales alone increased by 54% year on year, while overall vehicle sales were up 8% compared to 2023.
