Published on July 2nd, 2020 | by Dr. Maximilian Holland0
Norway June EV Market Share At 66%, Overall Autos Down 25% YoY
July 2nd, 2020 by Dr. Maximilian Holland
June saw electric vehicle pioneer Norway achieve 66% plug-in electric vehicle market share, up from 62% last year in the same month. The overall passenger auto market was down 25.5% year on year, a significant recovery from May’s almost 40% drop.
Top selling all-electric vehicles included the VW e-Golf, Hyundai Kona EV, and Tesla Model 3.
The combined ~7,600 EV sales came two-thirds from full electrics (BEVs) and one third from plug-in hybrids (PHEVs).
The usual list of suspects made up the BEV favourites. Although, due to the highs and lows of long-distance shipping, there were some variations, with the MG ZS EV absent due to shorter supply compared to last month, and the Tesla Model 3 reappearing in reasonable volumes once again.
The Mercedes EQC put in a decent performance, and the Hyundai Kona EV is now consistently showing up in fair volume, thanks to the new European factory in the village of Nošovice in the Czech Republic.
Pure combustion vehicles fought over the scraps, with petrol and diesel each grabbing just 12.2% of the market. The combustion best seller was the Skoda Octavia, a long-term low-cost favourite, but sensible Skoda is releasing a PHEV version in the autumn. If it can keep the pricing keen, this will likely become the best selling Octavia and signal the market’s further abandonment of pure fossils.
What full year EV market share can we expect from Norway in 2020? As with the Skoda, at this end-game stage, it depends upon a few more model options becoming available in sufficient volume, to satisfy the remaining unserved corners of the market. These remaining corners mainly comprise the functional-and-affordable segments, which ever-lower-cost batteries will help EVs serve in the coming couple of years.