Norway’s EVs At A Report 93% Share



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September noticed plugin EVs at a document 93% share of Norway’s auto market, up from 89.1% yr on yr. The features in share got here from erosion of combustion automobile quantity, reasonably than progress in EV quantity. Total auto quantity was 10,342 items, down virtually 30% YoY. The Tesla Mannequin Y was September’s bestseller.

EVs At A Record 93% Share

September’s outcomes noticed mixed EVs at a document 93% share, with BEVs (battery electrics) contributing a document 87.0%, and PHEVs (plugin hybrids) including one other 6.0%. These evaluate YoY with figures of 89.1%, with 77.7% BEVs, and 11.4% PHEVs.

We will see that BEVs have taken an extra 10% of the market, on the expense of all different powertrains, together with PHEVs.

Cumulative EV share YTD now stands at 90.4% (with 83.4% BEV), from 87.8% YoY (77.8% BEV). Anticipate at the very least 91% by full yr finish (from 87.8% final yr).

In quantity phrases, September noticed all powertrains down YoY, resulting in the 29.4% drop in general auto quantity. Nevertheless, BEVs outpeformed all others, “solely” shedding 21% of quantity YoY (to 9,000 items). All others misplaced roughly half (or extra) of their quantity YoY.

With the buyer financial system being in a good squeeze, “Individuals are experiencing noticeably tighter occasions and have sat on the fence, that’s, they’re conserving the automobile they’ve for some time longer,” stated OFV director Øyvind Solberg Thorsen (machine translation).

Combustion-only powertrains had been significantly arduous hit in September. Mixed, they scored a document low of two.7% share, down YoY from 5.3%. Petrol-only noticed simply 93 unit gross sales, and diesel-only noticed 190.

EVs At A Record 93% Share


September being an end-of-quarter month, Tesla’s delivery was at excessive move, with the Tesla Mannequin Y taking general bestseller at 2,472 items. This was extra quantity than the following 6 fashions mixed.

The Skoda Enyaq took the second spot, with the Ford Mach-e coming in third, only a whisker forward of the Toyota BZ4X.


The Ford Mach-e was at its highest quantity since December 2022, permitting it to climb to 3rd from its extra typical seventh or eighth spot.

Often within the high three, the Volkswagen ID.4 was within the doldrums in September, at its lowest quantity since February 2022 (if we exclude the market-wide hangover of January 2023).

There was one welcome shock entry to the highest 20, and a brand new debut mannequin, the Fisker Ocean. It noticed 175 registrations, securing tenth place. We must wait to see whether or not this was an preliminary bulk supply to fulfill early reservation holders, or whether or not this type of quantity is likely to be sustained (or develop) over the approaching months. The Ocean is actually a compelling automobile and deserves to do nicely, however it could take some time for manufacturing to rise to fulfill potential demand.

There have been different vital newcomers in September.

The Good #1 noticed its first Norwegian deliveries, simply an preliminary 4 items to interrupt the ice. It is a compelling small SUV, a twin of the upcoming Volvo EX30, at a reasonably aggressive value level, and should do nicely in Norway.

Additionally debuting in September was the Xpeng G9, a big premium SUV, seeing an preliminary 12 items. Examine the Sweden report for more information on this competitively priced new SUV.

Final however not least, the brand new BMW i5 made its first deliveries to Norway, with 20 items. Sedans are usually not extremely popular in Norway, with 9 of the highest 10 being SUVs or Minibuses (see chart under). But, the BMW i5’s smaller sibling, the BMW i4, has carved out a stable spot within the high 20, so the i5 – even at its premium value – could have potential to do fairly nicely on this market. Early opinions recommend it’s a compelling and nicely balanced automobile.

Now let’s flip to the mannequin efficiency over the trailing 3 months:

Right here the Tesla Mannequin Y’s lead is obvious to see, greater than the mixed quantity of the 2nd place Skoda Enyaq and third place Volkswagen ID.4.

Nevertheless, the Mannequin Y’s quantity has truly fallen by 39% from Q2’s 6,731 items. The mixed quantity of the Enyaq and ID.4 has remained virtually flat.

Be aware that Q3’s general BEV market quantity was 24,398 items, in comparison with 31,045 in Q2, a drop of 21%, so the Tesla is under par, while the others are above it. All of this will replicate allocation selections reasonably than altering demand patterns.

In fourth spot, the Toyota BZ4X (1,032 items) has climbed strongly over the Q2 interval (644 items), however volumes are nonetheless down on its large push in Q1 (1,651 items, and second place).

The MG4 continues to steadily climb up the chart, now in eleventh spot, from nineteenth within the earlier interval. It’s quantity is definitely lower than beforehand, however it’s forward of that common 21% QoQ drop talked about above.

The Citroen e-C4, in seventeenth place, is again within the high 20 chart for the primary time since Q3  2022. It’s a really nicely balanced automobile on value and skill (particularly now up to date with 10% bigger battery, even higher effectivity, and nice charging), and has a magic carpet journey that’s the envy of automobiles at a lot larger value factors.

For fleet-transition updates, verify final month’s report.



The feedback from the OFV director, talked about above, seek advice from a tightening financial state of affairs, that affects the auto market, and BEV gross sales volumes. The general Norwegian financial system has slowed, with newest figures displaying 0% GDP progress. Inflation stays excessive although bettering, at the moment at 4.8%, and rates of interest proceed to rise, at 4.25%, the best stage since 2008-2009.

Because the OFV factors out, all of that is placing a squeeze on shopper spending, with automobile house owners delaying the purpose at which they might normally store for a brand new automobile. While BEVs are nonetheless the strongly most popular selection for many who do go forward and purchase, as a result of market-wide fence sitting, even BEV volumes are down. This implies the the velocity of the fleet transition is slowed from what it has been beforehand.

What are your ideas on Norway’s transition to EVs? Please join the dialogue within the feedback part under.



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