Volvo’s CEO Hakan Samuelsson noted that he expects the company’s sales of plug-in hybrid vehicles to make up 20 to 25 percent of global Volvo sales by the end of 2019, according to a report by Car Buzz. This is a notable increase in sales percentage for the Swedish automaker, as plug-in hybrid sales make up about 10-15 percent of Volvo’s global sales today.
Samuelsson went on to attribute the projected growth to Volvo’s increased ability to produce enough batteries and electric motors. Previously, the company did not have the capabilities to meet production requirements for the higher demand. Read more.