Volvo Cars' fully electric sales rise 27% over three months as total sales fall 16%

Volvo Cars sold 141,656 cars worldwide from August through October, down 16% from a year earlier, while fully electric sales rose 27% to 48,660. Plug-in hybrids fell 30% to 28,857, and electrified models made up 55% of sales. Chief Commercial Officer Erik Severinson said European demand for fully electric models remains strong, with EX60 orders above 50,000, though the production ramp-up is holding back deliveries. The company cited stiffer local competition and a weak economy in China and the end of EV and plug-in hybrid incentives in the U.S.