March’s auto market saw plugin EVs at a 58.1% share in Sweden, down YoY from 59.9%. Plugin volumes were down YoY for BEVs, but up slightly for PHEVs. Overall auto volume wasMarch saw combined EVs at a 58.1% share in Sweden, with full battery-electrics at 34.9% and plugin hybrids at 23.2%. These figures compare withBEV unit volumes were down by a significant 33% YoY , and down by over 4,200 units.
While the overall BEV volume drop was 33%, some brands suffered more than others. Stellantis’ brands dropped almost 98% of volume YoY . MG Motor was down around 80% in volume, with a shortfall of 644 units. This pattern — especially the lower priced BEVs suffering more heavily — hints at a consumer spending squeeze. Premium and luxury buyers are usually less affected by a recession than regular folks, and some of the brands appear to reflect this with VW and Tesla having a median fate, matching BEVs typical shortfall. BMW and Volvo fared slightly better than average. Mercedes fared well, and its BEV prices are scarcely priced higher than their Mercedes ICE peers.
Combustion-only vehicles combined were somewhat down on volume YoY, but with BEVs and HEVs down even more, their combined market share actually increased from 29% to 31% YoY. The growth in share was fueled by the petrol-only side, as diesel-only was fractionally down in share.March saw the Tesla Model Y again at the top of the Swedish BEV rankings, for the third consecutive month.
The Honda e:Ny1 saw its strongest volumes yet, with 140 units, and 16th spot . Honda may be making irregular batch deliveries, so this is likely a high water mark, let’s see. The Volvo EX30, after 3 strong months, has already climbed to 3rd place, and is trending to make second place within the next two months, pushing out its older sibling, the XC40. Although there may be some cannibalization between the Volvo siblings, over time, their combined volume will certainly increase. Notice that the C40 is also strong, in 6th spot.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: autocar - 🏆 93. / 67 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »