Volvo Car Malaysia wrapped up the year 2024 with a record sales figure of 1,953 vehicles. Of this total, 30 percent were battery electric vehicle (BEV) models, representing an 18 percent increase compared to 2023.
Overall, BEV and plug-in hybrid (PHEV) models accounted for 83 percent of total sales for the year 2024, up from 71 percent the previous year.
This achievement aligns with the brand’s ambition to sell between 90 to 100 percent electric vehicles by 2030.
Less than 20 percent of Volvo Car Malaysia’s total sales were comprised of mild hybrid electric vehicles (MHEV), down from one-third recorded in 2023.
Globally, Volvo Cars reported total sales of 763,389 vehicles, marking an 8 percent increase.
There was a growth in sales within the electric vehicle segment, with 175,194 BEVs and 177,593 PHEV models sold, representing increases of 54 percent and 16 percent, respectively.
In total, 46 percent of Volvo’s global sales were electric vehicles, while BEV sales alone accounted for 23 percent, up from 16 percent in 2023.
For 2025, Volvo Car Malaysia plans to launch another BEV model, the Volvo EX90, a luxurious seven-seater SUV.
