Volvo moves closer to its 100% electric goal

Volvo car transformation into an electric vehicle maker accelerated in the second quarter, reflecting a broader trend in the automotive industry, which has seen sales of electric and hybrid vehicles outperform conventional vehicles in many markets as prices for gasoline are increasing in the world.

The share of pure electric and hybrid vehicles rose sharply to 31% of Volvo’s total sales in the second quarter of the year, even though overall unit sales fell by more than a quarter due to production and supply chain following pandemic lockdowns in China.


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