EVs Take Over 60% Share In Sweden — Tesla Mannequin Y Prime



August noticed plugin EVs take over 60% share in Sweden, considerably up from 46% yr on yr. Full electrics alone took over 40% of the market, with plugin hybrids virtually 20%. General auto quantity was 23,871 models, up some 16% YoY, however nonetheless effectively beneath pre-2020 seasonal norms (usually near 30,000). The Tesla Mannequin Y was August’s finest promoting car.

EVs Take Over 60% Share In Sweden

EVs Take Over 60% Share In Sweden

August’s outcomes noticed EVs take 60.1% mixed share, with 41.0% full electrics (BEVs), and 19.1% plugin hybrids (PHEVs). These examine with like figures from August 2022 of 46.1%, 28.3%, and 17.8%. We are able to see that BEV share has grown effectively over the previous 12 months, and seems on observe to usually exceed 50% of the market throughout the subsequent yr or so.

unit volumes, PHEVs grew by 25% YoY to 4,557 models, whereas BEVs grew a powerful 68% to 9,784 models. Each different powertrain misplaced quantity YoY, with diesels declining by some 22%, and plugless hybrids seeing a 26% quantity drop.

Mixed combustion-only powertrain share was effectively beneath a 3rd of the market, at 29.7%. Their share will doubtless fall beneath 1 / 4, persistently, by the tip of this yr.

The trailing 3 months’ plugin share now stands at 59.7% (from 50.9% YoY). Count on that to achieve near 70% by the tip of December.

EVs Take Over 60% Share In Sweden - Evolution

EVs Take Over 60% Share In Sweden – Evolution

August’s Bestsellers

The Tesla Mannequin Y has climbed again to the highest of the gross sales charts in August, with 1,506 models, after a logistics lull in July. It was simply forward of the Volkswagen ID.4, whereas the Skoda Enyaq was a way additional again, taking third.

The Volkswagen ID.4 noticed its finest month of 2023, and the primary time since December that over 1,000 models had been delivered.

The one different outsized efficiency within the prime 10 was the MG4, in eighth spot, which noticed a file quantity of 345 models, virtually 50% increased than its latest averages.

After having seen a powerful supply month in July, taking the lead, it was the BYD Atto 3’s flip to have a low ebb of shipments in August, and it fell again to tenth spot.

There have been three new BEV fashions making their gross sales debut within the Swedish market in August. Most vital was Stellantis’ new Jeep Avenger, a diminutive B-segment crossover, with competent vary (400 km WLTP), priced from 470,00 SEK (€39,000). This has already shipped over 3,000 models inside Europe, already on the streets of Germany, France, Italy, Norway, and elsewhere — lets see how widespread it proves to be in Sweden. August noticed an preliminary 16 models, however we will anticipate that to shortly improve to over 100 models monthly.

The subsequent newcomer in Sweden was the Xpeng P7, with 25 models bought in August. The P7 is a D-segment sedan, earlier iterations of which have been on sale in China since mid-2020, although it has quickly advanced and improved since then. Its pricing begins from 600,000 SEK (round €50,000).

The ultimate newcomer is the Honda e:Ny1, with simply 12 models delivered. This can be a smallish crossover (4,387 mm size) costing SEK 530,000+ (€44,500+). It has okay vary (412 km WLTP), however — like Honda’s earlier BEV effort, the “Honda-e” — I don’t assume will probably be a giant vendor, as a result of “DC fast-charging functionality that may go from 10 to 80% in simply 45 minutes” as Honda themselves put it.

Let’s be clear — 45 minutes charging will not be precisely described as “simply” for a BEV at this worth level, launched in mid-2023. It’s concerning the slowest charging of any new BEV launched over the previous few years. Most competitor BEVs launched since 2020 can recharge 10% to 80% in round half-hour or quicker. The Hyundai Ioniq 5, Ioniq 6, and Kia EV6 — bigger, with extra vary, and solely a bit costlier — take 18 minutes, about the identical length as a standard consolation break on an extended journey. The Ioniq 5 launched over 2 years in the past.

The extra inexpensive Jeep Avenger, above, wants solely 26 minutes to recharge 10% to 80%.

It seems to me that Honda continues to be foot dragging the transition to BEVs, identical to many of the different Japanese automakers, they’re caught of their recurring dream of hydrogen gas cell vehicles. We must see what the Swedish market thinks of this lacklustre effort.

Let’s now flip to the trailing 3 month efficiency:

But once more, the Tesla Mannequin Y is within the prime spot, with a good margin over the 2nd place Volkswagen ID.4. The others are all a great distance again from the 2 leaders.

The most important climb is from the BYD Atto 3, which was in twenty ninth spot on the finish of Could. It has now shot as much as 4th spot. A lot of this is because of uneven supply logistics, however it definitely seems that BYD are actually attempting to have a extra constant cargo sample.

The BMW i4 has additionally seen a superb enchancment, now in fifth spot, from tenth within the earlier interval.

Likewise, the MG4 improved, climbing from 18th to eleventh. As maybe Europe’s finest worth BEV, it could nonetheless have additional to climb.


The 16% YoY progress in auto gross sales — all because of plugin EVs — is a uncommon level of fine information in a broader Swedish economic system that is still in recession. Swedish monetary group, SEB, has lately forecast that “In Sweden, GDP will fall by 1.2 per cent this yr as a result of weak households and a deep decline in housing development, adopted by basically zero progress in 2024.”

Inflation stays very excessive at 9.3%, unchanged from final month. Rates of interest are additionally at a 5 yr excessive (3.75%).

All of this factors to a powerful squeeze on family spending, evidenced by 7 out of 10 new EV gross sales coming from enterprise clients, reasonably than personal shoppers, in response to Mobility Sweden. They state that that is “pushed by the businesses’ willingness to reposition their car fleets. New gross sales on the personal aspect are nonetheless ice chilly.”

While the outlook for auto gross sales general is gloomy, together with the broader economic system, the EV transition — the share of latest gross sales changing over to plugins — seems to be more likely to proceed at a good tempo. The long run whole value financial savings of plugins continues to be advantageous, with gasoline costs nonetheless excessive at $1.90 per litre, one thing that firm fleet managers are absolutely conscious of.

What are your ideas on Sweden’s EV transition? Please bounce in to the feedback and join the dialogue.


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