Volvo is the most recent automaker to publish sturdy hybrid stats amid diminishing EV demand within the US by way of the primary quarter of 2024. The Swedish model is off to a optimistic begin with a year-over-year gross sales improve of 17 %, and hybrids are the explanation why.

Specifically, Volvo plug-in hybrids have been sizzling commodities by way of the tip of March. These fashions have been up 44 % for the interval, totaling 7,118 items. Mild hybrids have been up 5 %, main the general gross sales cost with 8,088 autos. EV gross sales, nonetheless, fell off a cliff. Just 970 absolutely electrical Volvos have been bought for the primary three months of 2024, in comparison with 2,782 final 12 months; a drop of 65 %.