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Plugin EVs' Market Share in Sweden Decreases in March

  • 📰 cleantechnica
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Plugin Evs,Sweden,Market Share

In March, plugin electric vehicles (EVs) accounted for 58.1% of the auto market in Sweden, showing a decrease compared to the previous year. While plugin hybrid volumes slightly increased, battery-electric vehicle (BEV) volumes decreased significantly. The overall auto volume was also affected by the decrease in registration days. The decline in BEV registrations can be attributed to the reduction of purchase incentives.

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 (BEVs) at 34.9% and plugin hybrids (PHEVs) at 23.2%. These figures compare withBEV unit volumes were down by a significant 33% YoY (more than the 21% overall average), and down by over 4,200 units.

Due to the incidence of weekends and public holidays, there were actually 13% fewer registration days in March 2024 (20 days) compared to March 2023 (23 days). That’s significant and impacts all vehicles, potentially explaining most of the 21% YoY drop in overall auto volumes. BEV registrations saw an even bigger drop than that, however. How can we understand this BEV shortfall? Recall that March 2023 still had most BEVs covered by the (steadily fading) purchase incentive, which had been cut in November 2022 for new order

 

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