Notably, electric vehicles (EVs) played a pivotal role in this success, constituting 58% of total sales.

The star performer was the newly launched Volvo EX30, which became the brand’s best-selling model in Singapore. Together with the EX40 and EC40, these fully electric models make up Volvo’s current vehicle portfolio in Singapore.

Corinne Chua, Managing Director for Volvo at Wearnes, attributed this growth to the trust and confidence of Singaporean drivers. “The success of models like the EX30 and EX40 reflects our ability to meet the evolving preferences of our customers, who increasingly prioritise technology, safety, and sustainability. We remain committed to delivering premium electrified solutions that inspire confidence and contribute to the future of motoring in Singapore,” she said.

Globally, Volvo Cars has set ambitious goals, with more than 90% of its sales expected to come from electrified vehicles in the near future. Locally, the EX30, EX40, and EC40 have been pivotal in promoting this vision.

Looking ahead, Singaporean consumers can anticipate the arrival of the Volvo EX90 in 2025. Touted as a masterpiece of Scandinavian design, this model promises state-of-the-art safety features, sustainable performance, and a seamless blend of luxury and innovation.

Volvo Cars’ commitment to sustainability extends beyond vehicle electrification. The brand is steadfast in its goal of achieving net-zero greenhouse gas emissions by 2040.

As the brand accelerates into 2025, its trajectory is clear: a dedication to crafting vehicles that embody freedom, safety, and sustainability. 

For more information or to explore Volvo’s latest offerings, visit the Volvo Cars Singapore website.

Read more automotive news at AutoApp, or check out our latest videos on YouTube and on TikTok!

Wearnes Automotive, the exclusive dealer for Volvo Cars Singapore, has recently announced that Volvo has seen a positive 20% year-over-year sales growth in 2023.

The Swedish marque saw its XC40 Recharge EV crossover become its top-selling model for 2024; EV models comprised 40% of its total sales. 2024 is also the year a new all-electric model is introduced into their lineup – the EX30. This is the brand’s smallest-ever SUV, and it is set to arrive in Q2 of 2024.

Wearnes has also stated this achievement is in line with the brand’s global electrification journey. These are achieving 50% global sales of Volvo EV models by 2025, and only offering fully electric vehicles by 2030.

The local Volvo showroom also just completed the installation of solar panels in January of 2024. This is estimated to meet 60% of the building’s power requirements with clean energy.

Wearnes estimates that these solar panels will also allow it to save up to 6,135 tonnes of CO2 over the next 25 years.

Read more automotive news at AutoApp, or check out our latest videos on Ignition Labs TV!