Volvo Cars reported global sales of 178,980 vehicles during the rolling three-month period from March to May 2026, marking a 5.5 percent decline compared with the same period in 2025. Despite the overall decrease, the automaker highlighted continued growth in its electrified vehicle portfolio and improving sales momentum compared with the preceding three-month period.
Electrified vehicles, including fully electric and plug-in hybrid models, accounted for 48 percent of all vehicles sold during the reporting period. Fully electric vehicles represented 23 percent of total sales, while plug-in hybrids contributed 25 percent.
Volvo Cars sold 85,696 electrified vehicles between March and May, a 3 percent increase year-over-year. Sales of fully electric vehicles rose by 10 percent to 41,435 units, reflecting strong customer demand, particularly in Europe. Plug-in hybrid sales declined slightly by 3 percent to 44,261 units. Meanwhile, sales of mild hybrid and internal combustion engine vehicles fell 12 percent to 93,284 units.
The company attributed the overall decline in sales to challenging market conditions across the global automotive industry. In China, Volvo Cars continues to face pressure from declining industry volumes, intense competition, and a difficult macroeconomic environment. The U.S. market has shown early signs of recovery, although customer demand for electrified vehicles remains subdued following the removal of government subsidies.
“Despite all the external challenges, we continue to grow in Europe through electrification,” said Erik Severinson, Chief Commercial Officer at Volvo Cars. He noted that deliveries of the company’s fully electric models have increased for the eighth consecutive month, driven largely by strong demand for the EX30 and EX40 electric SUVs.
Severinson also highlighted a sustained rise in retail orders for Volvo’s fully electric models across Europe, reinforcing the company’s ambition to become a leader in premium electric mobility.
The executive further revealed that Volvo’s newly launched EX60 fully electric SUV has received highly positive feedback from both customers and media reviewers. According to the company, initial orders for the model have exceeded internal expectations, prompting preparations for a gradual production ramp-up in the second half of 2026.
Volvo Cars remains focused on accelerating its electrification strategy as it navigates a complex global market environment while seeking to strengthen its position in the premium electric vehicle segment.
