Volvo Cars reported global sales of 68,034 cars in May, up 13% compared to the same period last year. The company said this sales increase was primarily driven by a strong performance in Europe as well as the company’s fully electric small SUV, the EX30. The company’s sales of electrified models, fully electric and plug-in hybrid models, grew 37% compared to the same period last year and accounted for 48% of all cars sold during May. The share of fully electric cars constituted 25% of all cars sold for the month.

The total sales for the period of January through May amounted to 316,559 cars globally, an increase of 15% compared to the same period in 2023.

“This month’s sales figures are another measure of our progress towards our sales target of at least 15% growth for 2024,” Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars, said. “I am delighted to see another month of solid growth, which is a testament to the strength of our brand. It’s also reassuring to see the positive consumer response to the EX30, which has quickly become one of the best-selling fully electric cars in Europe.”

In Europe, sales reached 33,252 cars in May, up 27% compared to the same period last year. The sales of Volvo Cars’ electrified models increased by 34% compared to the same period last year, and the share of electrified models accounted for 66% of all cars sold in Europe during May.

Sales in the U.S. saw a 5% decrease in May, totaling 10,153 cars. However, the sales of its plug-in hybrid models went up 113% compared to the same period last year.

Volvo Cars’ sales in China reached 13,934 cars, down 1% compared to May 2023. Sales of electrified models – fully electric and plug-in hybrid models – stood at 1,303 sold cars, an increase of 10% compared to the same period last year.

In May, the Volvo XC60 was the top-selling model with sales of 20,507 cars (2023: 18,052), followed by the XC40, with total sales of 13,640 cars (2023: 17,596) and the EX30 at 11,035 cars (2023: 0).