This dashboard focuses on how Volvo Cars should orient themselves toward electric vehicles.
Volvo Cars is a Swedish multinational manufacturer of luxury vehicles. It was founded in 1927 in Gothenburg, Sweden by Assar Gabrielsson, SKF, and Gustaf Larson.
Using data from state-to-state, country-to-country, and other brands in the automobile industry, we made a conclusion.
In this dashboard, choropleth maps, time-series plot, pie charts, and line plots are seen.
This dashboard was created by Group 1.8: Emma Fahey, Meky Lin, Hanning Xiao, Yiming Tong, Liam Feaster, and Dapeng Shen.
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This page shows automobile sales trends by U.S. States. The datasets were found using F&I Tools for the first map and U.S. Department of Energy for the second map.
State with Highest EV Sales
California : 1,256,646
Last Updated
Mon. Jan. 01, 2024
State with Highest Car Sales
California : 1,775,916
Last Updated
Mon. Jan. 01, 2024
We were unable to find sales trends of Volvo cars alone by state, so we used the automobile industry to make a conclusion. California shows the highest sales of automobiles sold in 2023. California shows the highest sales of electric vehicles sold. From this, we can conclude that Volvo should focus on selling EVs in California. From this, we can conclude that Volvo should focus on California.
Through the above chart, we can observe that from 2010 to 2023, the sales of electric vehicles have been experiencing a remarkable growth rate, which can be attributed to the increasing maturity of electric vehicle technology.
Among the total cumulative sales of electric vehicles over the years, China accounts for 55.27% of the market share, followed by the United States and Germany. As can be seen from the above chart, except for the years 2012-2014, when the United States had the highest sales of electric vehicles, China has been the leading country in electric vehicle sales for the rest of the years. The reasons for this can be attributed to several factors: 1) China’s vast population, 2) government policy support, and 3) the development of China’s industrial technology.
This time series represents a year to year change(%) in registration across vehicle Powertrains.
From 2017 and on, electric and hybrid electric vehicles have accumulated higher average registration rates compared to gas vehicles. As these rates increase, fluctuations in the sale of electric and hybrid vehicles do as well (such as 2020 and 2023). Electric vehicle registrations remain high, but in 2022 they’ve peaked whereas the registration of hybrid vehicles seems to be increasing.
This is something Volvo must consider as they expand their EV program. Volvo’s electrification plan calls for 90-100% of their sales to be electrified vehicles by 2030.
EV sales steadily increased from 2011 to 2019, while Hybrids remained stable. The consistent growth in EV share suggests a shift in consumer preferences toward electric vehicles, hinting EVs already surpass Hybrids in popularity.
Number of Volvo Cars from 2016 to 2019.
| Volvo Model | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|
| Volvo S90 Plug In | 0 | 112 | 437 | 407 |
| Volvo XC60 Plug In | 0 | 356 | 2267 | 1682 |
| Volvo-XC90 Plug In | 2015 | 2358 | 1387 | 1710 |
The bar chart of Volvo car sales is shown in the figure.
There is a clear trend towards the development of electric and hybrid vehicles. To keep competitive in this market, Volvo should also follow up with EV and hybrid vehicle development.
These are Volvo’s top four main competitors. They are all competing in luxury vehicle market, with a strong focus on safety, sustainability, and Scandinavian design.
This dashboard was created using Quarto in RStudio, and the R Language and Environment.
The data used to create this dashboard were downloaded from:
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