Volvo’s Electric Dreams Hit a Speed Bump: April Sales Short-Circuited
By Team Dailyrevs May 5, 2025
Global sales dropped 11% in April, dragged down by a 32% decline in full-electric vehicle deliveries.
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EVs and plug-in hybrids remained responsible for 45% of all Volvo sales—but the momentum is slowing.
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A €1.6 billion cost-cutting plan and U.S. production build-out mark Volvo's effort to get back on track.
The April Breakdown
In sheer numbers, Volvo made 58,881 vehicle sales globally in April 2025. That's 11% lower than last year during the same period. Look a little closer, and the weaknesses in the EV tale emerge.
Full-electric sales dropped a whopping 32%, while they made up just 20% of the deliveries. Plug-in hybrids dropped only 2% but still made up 25%. Together, electrified cars (EVs + PHEVs) made up 45% of total sales—down from a higher figure only months ago.
Here's how the mix of sales was:
Model | Units Sold (April 2025) |
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XC60 | 19,887 |
EX40/XC40 | 13,783 |
XC90 | 9,746 |
Other Models | Remaining share |