Volvo increases its market share in Europe
Volvo moved up to 14th overall, compared to 17th in May 2023. Such a big gain is mainly due to relatively affordable all-electric powertrains. Volvo EX30 It was stated that it was thanks to Last month the company expanded its operations, mostly in Europe. The 11,000th made more sales.
The rise of the Chinese-made Volvo EX30 is not something European leaders want to see. Considering that Chinese automakers increased their overall market share to 2.5 percent in May from 2.3 percent a year ago, this explains the incoming tariffs on Chinese-made electric cars.
Volvo EX30 modeli From 2025 It will be produced in Europe, potentially paving the way for local production of the EX90. Many European manufacturers are in a difficult situation and domestic production is endangered. Even Tesla, which has been extremely successful with its domestically produced Tesla Model Y, is in a difficult situation right now.
According to Dataforce Tesla’s Its sales decreased by 37 percent to 17,953 units in May. While Tesla ranked 16th a year ago, it ranked 20th this year. Europe’s largest automobile brand Volkswageneye of the world Toyota’da Despite this, it increased its sales by 2.9 percent to over 117 thousand in May.
The Japanese brand, which focuses on hybrids, is partly RAV4 Thanks to the 47 percent increase in sales, it increased its sales by 7.2 percent to 70,205 units. The fact that Toyota is the second most popular brand in Europe shows that hybrids are the right business decision.
In the first quarter of 2024, 71 percent of Toyota’s sales were electric. Lexus For , this rate was 93 percent. This means that only 29 percent of cars sold are internal combustion engines without any electrification. Although the latest sales data are not clear, Toyota is also increasing its sales of fully electric cars.
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