Click for more.
Volvo Cars (VOLCAR-B.STO)* said today it reached a milestone in its electrification goal in September when it delivered its one millionth plug-in hybrid. The Chinese-owned company** is transitioning to becoming a fully electrified car maker with plug-in hybrids (PHEVs) as a part of the plan. Volvo posted a significant loss in Q2 2025 as it was caught in the crossfire of resident Trump’s ongoing tariff chaos. (Read AutoInformed.com on: Trump Tariff Legacy – U.S. June Auto Sales Soft)
“Volvo Cars is committed to a fully electric future, and we will get there in a pace that suits our customers,” says Erik Severinson, chief commercial officer at Volvo Cars. “Our plug-in hybrid cars are a crucial bridge towards that future for those customers who are not yet ready to go fully electric.”
PHEVs made up 23%of Volvo Cars’ global sales in the first half of 2025. PHEV sales grew from ~46,000 units in 2019 to more than 177,000 units in 2024. Volvo says there is “strong demand for the XC60 and XC90 PHEV in all three main sales regions.”
“The XC60 was the best-selling PHEV in Europe in 2024 and led the premium PHEV segment globally in the last three years. It continues to be a segment leader in 2025. Both the XC60 and XC90 were renewed last year, reinforcing their appeal in key markets such as Sweden, the US and China,” Volvo claims.
“Internal Volvo Cars data shows that its PHEVs are often used as if they were fully electric, especially in urban areas. On average, drivers of Volvo PHEVs use their car without internal combustion power for around half of total driving time,” Volvo said.
Volvo Cars has been a maker of plug-in hybrids for more than a decade. It launched its first PHEV in 2012, when it started selling a diesel PHEV variant of the V60 estate. For several years after, it was the only global car maker that offered a PHEV version of every model in its line-up.
It currently offers PHEV variants on five different models. This supplements a line-up of six fully electric models. “This balanced product portfolio provides Volvo Cars with a strategic advantage, allowing it to offer premium electrified cars in all shapes and sizes to global customers,” Volvo said. However this doesn’t make it immune to the negative effects of U.S., Chinese and other sovereign nation trade wars – AutoCrat.
*AutoInformed on
**Volvo Cars is a subsidiary of Geely Holding, which owns ~78.7% of the company’s outstanding shares. Geely Holding, a Chinese multinational enterprise, bought Volvo from Ford Motor in 2010 after years of cultural clashes between American Ford and Swedish Volvo employees and senior managers – AutoCrat.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Milestones – Volvo Cars One Millionth Plug-In Hybrid
Click for more.
Volvo Cars (VOLCAR-B.STO)* said today it reached a milestone in its electrification goal in September when it delivered its one millionth plug-in hybrid. The Chinese-owned company** is transitioning to becoming a fully electrified car maker with plug-in hybrids (PHEVs) as a part of the plan. Volvo posted a significant loss in Q2 2025 as it was caught in the crossfire of resident Trump’s ongoing tariff chaos. (Read AutoInformed.com on: Trump Tariff Legacy – U.S. June Auto Sales Soft)
“Volvo Cars is committed to a fully electric future, and we will get there in a pace that suits our customers,” says Erik Severinson, chief commercial officer at Volvo Cars. “Our plug-in hybrid cars are a crucial bridge towards that future for those customers who are not yet ready to go fully electric.”
PHEVs made up 23%of Volvo Cars’ global sales in the first half of 2025. PHEV sales grew from ~46,000 units in 2019 to more than 177,000 units in 2024. Volvo says there is “strong demand for the XC60 and XC90 PHEV in all three main sales regions.”
“The XC60 was the best-selling PHEV in Europe in 2024 and led the premium PHEV segment globally in the last three years. It continues to be a segment leader in 2025. Both the XC60 and XC90 were renewed last year, reinforcing their appeal in key markets such as Sweden, the US and China,” Volvo claims.
“Internal Volvo Cars data shows that its PHEVs are often used as if they were fully electric, especially in urban areas. On average, drivers of Volvo PHEVs use their car without internal combustion power for around half of total driving time,” Volvo said.
Volvo Cars has been a maker of plug-in hybrids for more than a decade. It launched its first PHEV in 2012, when it started selling a diesel PHEV variant of the V60 estate. For several years after, it was the only global car maker that offered a PHEV version of every model in its line-up.
It currently offers PHEV variants on five different models. This supplements a line-up of six fully electric models. “This balanced product portfolio provides Volvo Cars with a strategic advantage, allowing it to offer premium electrified cars in all shapes and sizes to global customers,” Volvo said. However this doesn’t make it immune to the negative effects of U.S., Chinese and other sovereign nation trade wars – AutoCrat.
*AutoInformed on
**Volvo Cars is a subsidiary of Geely Holding, which owns ~78.7% of the company’s outstanding shares. Geely Holding, a Chinese multinational enterprise, bought Volvo from Ford Motor in 2010 after years of cultural clashes between American Ford and Swedish Volvo employees and senior managers – AutoCrat.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.