London, June 04, 2025 , (Oilandgaspress) Mepax –––Volvo Cars reported global sales of 59,822 cars in May, down 12 per cent compared to the same period last year.
The company’s sales of electrified models – fully electric and plug-in hybrid models – accounted for 44 per cent of all cars sold during May and decreased by 20 per cent compared to the same period last year. The share of fully electric cars constituted 21 per cent of all cars sold for the month, while the share of plug-in hybrid models accounted for 23 per cent.
In May, the XC60 was the top-selling model with sales of 19,408 cars (2024: 20,507), followed by the XC40/EX40, with total sales of 14,892 cars (2024: 13,640) and the XC90 at 8,794 cars (2024: 9,072).
| May | May | Jan-May | Jan-May | |||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |
| Total | 59,822 | 68,034 | -12% | 290,922 | 316,559 | -8% |
| Electrified models | 26,344 | 32,768 | -20% | 127,212 | 139,286 | -9% |
| – Fully electric | 12,391 | 17,064 | -27% | 56,537 | 72,325 | -22% |
| – Plug-in hybrid | 13,953 | 15,704 | -11% | 70,675 | 66,961 | 6% |
| Mild hybrids/ICE | 33,478 | 35,266 | -5% | 163,710 | 177,273 | -8% |
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London, June 04, 2025 , (Oilandgaspress) Mepax –––Volvo Cars successfully raised EUR 500 million from a diverse group of investors by issuing its fifth green bond. The bond, which demonstrates the company’s commitment to sustainable financing, was oversubscribed more than four times, and highlights strong investor support for Volvo Cars’ electrification and sustainability ambitions.
The bond issuance further supports the company’s long-term aim to have its outstanding debt linked to the Green Financing Framework, or in a sustainability-linked format.
The proceeds will be used to fund the company’s ambition to be a leading player in the premium electric car segment and achieve net-zero greenhouse gas emissions by 2040. This includes funding research and development of upcoming electric cars and platforms, and related manufacturing processes.
Electrification is one of the main pillars of Volvo Cars’ transformation agenda. With a fifth of its global sales consisting of fully electric cars, Volvo Cars continues to lead the fully electric transition among its premium legacy competitors. In addition, the company is committed to consistently reducing direct and indirect emissions from its cars.
The issued bond adheres to Volvo Cars’ Green Financing Framework, which defines how it uses green financing instruments to support its ambitious sustainability strategy. The framework has been evaluated through Shades of Green, the methodology used by S&P Global for assessing green bond frameworks, and received the highest Dark Green rating.
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