Volvo Cars reached a key milestone in September by delivering its one millionth plug-in hybrid. This achievement reflects the company’s ongoing strategy to transition toward full electrification while keeping customer needs in focus.
Global PHEV Sales Growth
Plug-in hybrids have become a crucial part of Volvo’s growth. In the first half of 2025, PHEVs accounted for 23 percent of global sales. From nearly 46,000 units in 2019, PHEV deliveries grew to over 177,000 units in 2024, driven by the XC60 and XC90 models across major markets.
XC60 and XC90 Leadership
The XC60 led Europe’s premium PHEV segment in 2024 and has remained a global PHEV leader for the past three years. Both the XC60 and XC90 were refreshed last year, strengthening their appeal in Sweden, the US, and China. Renewed designs continue to attract buyers seeking versatile, electrified vehicles.
Expanding the PHEV Line-Up
Volvo continues to introduce new plug-in hybrids. The recently launched XC70 SUV is the company’s first long-range PHEV, offering over 200 kilometers of electric range under the CLTC cycle. This demonstrates Volvo’s commitment to bridging customers toward a fully electric future while maintaining flexibility for daily driving needs.
Customer Usage and Practicality
Internal data shows that many Volvo PHEVs are used almost as fully electric vehicles. On average, drivers operate the cars without using internal combustion for roughly half of their total driving time. This highlights the practical impact of hybrid technology in urban and suburban settings.
Strategic Portfolio Balance
Volvo’s lineup now includes PHEV variants across five models, complemented by six fully electric vehicles. This mix allows the company to provide premium electrified options in all segments, catering to diverse global markets and easing the shift toward full EV adoption.
Longstanding PHEV Expertise
Volvo has been a leader in plug-in hybrid technology for over a decade, starting in 2012 with a diesel PHEV V60 estate. For several years, it was the only global manufacturer offering a PHEV variant for every model in its range. The company leverages this experience to support customers during the transition to fully electric driving.
Volvo Cars’ delivery of its one millionth plug-in hybrid underscores strong global demand and its strategic approach to electrification. By balancing hybrid models with fully electric vehicles, Volvo continues to offer practical, premium options for customers as the automotive industry moves toward a fully electric future.
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Source: Volvo
