Plugin Vehicle Share In Sweden Hits 57% In April, Led By Plugin Hybrid Sales

April data from the industry association BAMSE shows plugin electric vehicles (EVs) taking a 57% share of auto sales in Sweden, up modestly from 55.7% a year earlier. Full battery electric vehicles (BEVs) took a 30.9% share, down from 33.7% a year ago, while plugin hybrid EVs (PHEVs) took a 26% share, up from 22.1%.

Overall auto volume was 21,977 units, up 7% year on year (YoY). The new Volvo EX30 was March's bestselling BEV, its first time in the top spot.

Stellantis models, including the Peugeot e-208, Opel Mokka, and Citroen C4, amounted to 188 units in April 2023. However, in April 2024, this figure had dropped dramatically to 2 units. Renault and Nissan have also dropped their BEV volumes, by over 90% and 75%, respectively.

Other brands and groups have seen YoY BEV sales shrinking modestly, in line with the average 15.3% drop in BEVs year to date (YoY). Tesla volumes are almost unchanged YoY. Geely (Volvo, Polestar, Smart, and Lotus) is one of the few groups with growing BEV volumes, with 80% more sales in April 2024 compared to April 2023.

The Volvo EX30 has climbed to the top of the charts, with 698 units sold in April. The Tesla Model Y came in second, and the Volvo XC40 rounded out the top three, with 536 units. The Cupra Born has risen to 7th place, a big step up from 25th in the previous period.

The Polestar 4, a CUV coupe with a length of 4,839 mm, launched with 23 registrations, slightly more expensive than the Tesla Model Y but with similar features. The Mini Countryman BEV, with a length of 4,433 mm, debuted with 16 sales. Smart's #1 and #3 models had 7 units each in initial registrations. The new Polestar 3, a large SUV with a length of 4,900 mm, has sold 30 units in April.

BAMSE predicts that the Swedish auto market will reach 27% EV share for all vehicle sales in 2030. The group believes that policy instruments are needed to stimulate EV sales in the private market, which still accounts for three-quarters of new registrations.

One suggestion is to implement a zero-emission vehicle mandate like the one recently implemented in the UK to ensure a minimum threshold of BEV sales for large auto manufacturers. This is the only way to prevent companies like Stellantis from deliberately suppressing their BEV sales by pricing them significantly higher than their ICE counterparts.

What do you think about Sweden's EV market? Please join the conversation below!

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