Norway: Car Market Shrunk, But EVs Maintained Ultra-High Market Share In October

In October, the Norwegian car market once again noted a significant 29 percent year-over-year decrease, dropping new registrations down to 8,925. Because of that, the year-to-date result of 104,424 is now deeper into the red at -9.4 percent year-over-year. Despite the fact that people are buying a lower number of new cars, the market is dominated by rechargeable ones, which maintain their ultra-high market share.

Plug-in passenger car registrations last month : BEVs: 7,516 and 84.2% market share PHEVs: 635 and 7.1% market share Total: 8,151 and 91.3% market share New passenger plug-in car registrations in Norway – October 2023 So far this year, more than 94,000 new passenger plug-in electric cars have been registered in Norway, which represents about 90 percent of the total car sales. Plug-in car registrations year-to-date : BEVs: 87,190 and 83.

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Norway: Car Market Shrunk, But EVs Maintained Ultra-High Market Share In October8,151 new passenger plug-in cars were registered last month in Norway (down 25% year-over-year), which is 91.3% of the total volume.
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