EVs Take 63.4% Share In Sweden – Tesla Mannequin Y Dominates



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September noticed plugin EVs take 63.4% share in Sweden, up from 55.2% 12 months on 12 months. A lot of the plugin progress got here from full electrics, which alone took 44.4% share. Total auto quantity was 28,130 items, up some 28% YoY, and roughly consistent with pre-2020 seasonal norms. The Tesla Mannequin Y was Sweden’s bestselling automobile of any variety in September (and 12 months up to now), by a big margin.

EVs take 63.4% share in Sweden

September’s outcomes noticed mixed EVs take 63.4% share, comprising 44.4% full electrics (BEVs), and 19.0% plugin hybrids (PHEVs).  July 2022 figures have been of 55.2%, with 35.2% BEV, and 19.8% PHEV. We are able to see that the entire YoY progress in share has come from BEVs, with PHEV share remaining roughly flat.

volumes, BEVs grew at a powerful 61% YoY, promoting 12,500 items. Even PHEVs noticed YoY quantity progress of twenty-two%, leading to 5,337 gross sales. The 28% quantity progress of the general market was principally powered by BEV progress, although petrol-only autos did see 21% YoY progress (albeit from a low baseline in 2022).

Petrol-only share fell YoY from 21.1% to twenty.0%. Mixed combustion-only powertrains share stands at 27.7%, from 31.9% YoY, with diesel at simply 7.6%.

EVs take 63.4% share in Sweden

Sweden’s Bestsellers

The Tesla Mannequin Y was the general bestseller in September, with an enormous 3,050 items (near the March ’23 report of three,202 items).

The Volkswagen ID.4 was a great distance again, in 2nd spot, with the Volvo XC40 taking third.

The Mannequin Y has been completely dominating Sweden’s general auto market this 12 months, with 13,457 registrations up to now. Meaning nearly one in each 15 vehicles bought this 12 months is a Tesla Mannequin Y!

For context, the YTD quantity of the general runner up XC40 (combining all powertrain variants), is 8,603 items, and the ID.4 – in third spot general – stands at 7,755 items.

Other than some regular logistical variations throughout completely different fashions, there was no massive shock within the high 20 in September.


New BEV Mannequin Debuts

Decrease down the rankings, there have been some new mannequin debuts, most notably the Xpeng G9, with 41 items.

The G9 is a big (4891 mm) premium priced SUV (from €60,000 and up in Sweden). Its fundamental model comes with a 94 kWh (usable) battery, with WLTP vary of 520 km, and really spectacular quick charging functionality (10% to 80% in 20 minutes). Additionally it is very highly effective with 717 Nm of torque, giving 0-100 km/h in 3.9 seconds (by way of all wheel drive). Mainly the G9 is in the same class to the BMW iX (already fairly standard in Sweden), however is round 18% cheaper at entry.

One other BEV debut got here for the Mercedes EQT van/minibus, with 19 items. That is frankly much less fascinating – being mainly a rebadged Renault Kangoo – with some trim enhancements, and seating for as much as 5. The EQT has a modest WLTP vary of 282 km, and but is priced from €47,ooo! The Kangoo in the meantime – with comparable vary – is priced from a way more life like €29,000, so I can’t see the EQT promoting in any notable quantity. Maybe these preliminary 19 items are the perfect month it’ll have?

One other quiet debut was the Sensible #1 (2 preliminary items) which does have robust potential within the Swedish market, and is a twin of the Volvo EX30. It’s a compact SUV, with competent vary (upto 440 km WLTP) and respectable charging, ranging from just below €42,000. Let’s see the way it will get on.

The BMW i5 additionally made its debut in September (2 preliminary items). Early critiques describe it as a compelling automobile, and it begins from €70,000 which is consistent with its premium E-segment friends. It can assist rework the premium giant sedan section over to BEV, ending what Tesla began in 2012. Quantity might develop to be reasonably excessive – its shut peer the Mercedes EQE is now simply inside the highest 20 BEVs in Sweden, and its smaller sibling the BMW i4 is usually near the highest 5.

Lastly the Lotus Eletre luxurious efficiency SUV additionally debuted in September, with 3 items. Priced from €96,000, this one received’t make a lot influence on volumes, however is compelling in its section and can additional reinforce the notion that BEVs are the best match for sensible excessive efficiency autos.

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

Right here Tesla’s lead is apparent, with the Mannequin Y margin forward of the Volkswagen ID.4, itself nicely away from the Skoda Enyaq in third.

There are not any nice surprises within the high 20, however it’s notable that premium priced BEV just like the BMW i4, Audi Q8 e-tron, and Mercedes EQE are populating the ranks. This implies that premium newcomers just like the Xpeng G9 and BWM i5 are in with an honest likelihood of seeing comparatively robust volumes within the Swedish market.



Regardless of the auto market’s progress, the general Swedish economic system stays within the pink, with Q2 exhibiting a 1% YoY GDP drop. Inflation has moderated considerably, however continues to be excessive at 7.5%, and rates of interest have elevated to 4%, near the highs of 2008-2009. Manufacturing PMI fell to 43.3 factors in September, from 45.5 in August.

Business physique, Mobility Sweden, continues to emphasise that the personal client auto market is weak, and plugin progress is as an alternative being pushed by firm vehicles. They inform us that 66% of BEV gross sales in 2023 YTD are from firm purchases, in comparison with 42% final 12 months.

The approaching few months will reveal how a lot of an influence final November’s ending of the plugin incentive can have available on the market. Up till this level, a excessive proportion of 2023 deliveries have been ordered interval to the November minimize off, however these will more and more dry up within the close to future.

Personally I believe that the overall value of possession benefits of plugins are actually clear to patrons, particularly firm patrons which frequently take an extended view. Given Sweden’s propensity for mid and premium priced autos, there may be additionally possible some margin for producers’ pricing to grow to be extra eager, to considerably counteract the consequences of the subsidy minimize.

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



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