Sweden Hits 20% EV Market Share In May, As Autos Down 50%
Sweden continued strong growth of its plugin electric vehicle market share in May 2020, achieving 20.3% this time, almost double that of May 2019.
Sweden continued strong growth of its plugin electric vehicle market share in May 2020, achieving 20.3% this time, almost double that of May 2019.
The Swedish auto market, like other auto markets but not as extreme, saw its numbers crash (again) in April. The overall auto market was down 38% year over year. Also like in other markets, plug-in vehicles did better than the overall market. They actually saw a sales increase in April.
Sweden maintained a growing plug-in electric vehicle market share in April, reaching 22.6%, up more than double year on year from 10.1% in April 2019. The overall auto market volume was down 38%, though more resilient than larger neighbors France, Germany, Italy, and the UK.
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March brought a strong continuation of 2020’s record-high market share for plug-in vehicles in Sweden, with a result above 27%, double that of a year ago. The overall total for Q1 was also just over 27%, and EVs are expected to achieve 30% market share over the full year 2020.
Yes, the Swedish electric vehicle market is an odd one in which approximately 80% of electric vehicle sales are plug-in hybrids, leaving only 20% of the market for fully electric vehicles. Most EV markets are around 50–50 or favor fully electric vehicles (BEVs). Nonetheless, an overall EV market share of 26% is a stunning achievement in early 2020.
Sweden’s plug-in passenger vehicle sales grabbed 24.3% market share in February, more than doubling year on year from 11.8% in February 2019. Internal combustion engine (ICE) vehicle sales declined dramatically, with petrol vehicle sales falling 24% and diesels falling a massive 36% compared to February 2019.
January saw fossil fuel passenger vehicle sales plummet in Sweden by almost 40% year on year, with diesels more than halved, as plug-in vehicle market share climbed to over 30%. Sweden’s auto industry organization expects 30% to be maintained through the full year of 2020.
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