Dr. Maximilian Holland

Norway increased its plugin electric vehicle market share to 91.1% in April 2023, up from 84.2% year-on-year. The auto market is still settling down after policy changes that came in at the start of the year. Overall auto volume was 8,976 units, down 7.7% year-on-year. The bestselling vehicle was, again, the Tesla Model Y. This is the first time Norway has seen 3 consecutive months with combined plugin share staying above 90% (see graph below).

Sweden’s plugin electric vehicle share reached 55.7% of the auto market in April, up from 48.2% year on year (YoY). Full electrics grew share strongly, whilst plugin hybrids lost share slightly. Overall auto market volume was 20,588 units, down some 6% YoY, and down 35% from pre-2020 seasonal norms. The bestselling full electric vehicle was the Volvo XC40. April’s combined plugin result of 55.7% comprised 33.7% full battery electrics (BEVs), and 22.

France saw plugin electric vehicles take 21.1% share of the auto market in April, flat year-on-year, in a growing overall market. Full battery electrics, however, grew share, whilst plugin hybrids dropped share. Overall auto volume was 132,509 units, up some 22% YoY, though still far below pre-2020 seasonal norms (~183,000). The bestselling plugin was the Dacia Spring. April’s combined plugin result of 21.1% comprised full battery electrics (BEVs) at 12.9%, and plugin hybrids (PHEVs) at 8.

Germany’s plugin electric vehicles took 21.6% of the auto market in March, down from 25.6% year on year. BEV grew share slightly, but PHEVs lost half their share YoY, due to recent policy changes. Overall auto volume was 281,361 units, up over 16% YoY, but still well down from pre-2020 seasonal norms. March’s combined plugin share of 21.6% comprised 15.7% full electrics (BEVs), and 6.0% plugin hybrids (PHEVs). These shares compare with corresponding YoY figures of 25.

The UK saw plugin electric vehicles take 22.4% of the auto market in March, down from 22.7% year on year. BEVs saw fractional market share growth YoY, and a new volume record, whilst PHEVs saw a slight decline. Combustion-only powertrains lost 2.5% share YoY. Overall auto volume was 287,825 units, up some 18% YoY, though still some 19% down from March 2019 levels. The Tesla Model Y was the UK’s overall best selling auto in March.

Norway’s plugin electric vehicles took 91.1% share of the auto market in March, down from 91.9% year on year. The slight dent in share came from a drop in plugin hybrid volume, against overall market growth. Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). The Tesla Model Y broke all records, with the highest monthly sales of any vehicle in Norway’s history, with 7,445 units registered, and over 38% of the entire auto market.

Sweden’s plugin electric vehicles took almost 60% of the auto market in March, up from 55.6% year on year. BEVs alone took 41.6% of the market, up from 31.8% YoY. Overall auto market volume was 30,261 units, up some 5% YoY, though still below historical seasonal norms. The Tesla Model Y was the overall best selling vehicle of any kind, taking 10.6% of all passenger auto sales! March’s combined plugin share of 59.

France saw record high plugin electric vehicle share in March, at 25.4%, up from 21.4% year on year. BEVs alone took 16.8% share, a new record. Overall auto volumes were 182,712 units, up some 24% year on year, though still well off the pre-2020 seasonal average (~230,000 units). The Tesla Model Y was the best selling BEV, and 4th highest selling auto overall. March’s combined plugin result of 25.4% share comprised 16.

Germany, Europe’s single largest auto market, saw plugin electric vehicles take 21.5% share of sales in February 2023, a drop from 24.9% year on year. Full electric share grew, but plugin hybrid share almost halved. Overall auto volume was 206,210 units, up by some 3% YoY, but still some 18% down from pre-2020 seasonal norms. The Tesla Model Y was the month’s bestselling plugin, and second overall auto (behind the VW Golf).

The UK saw plugin electric vehicles take 22.9% share of the auto market in February 2023, down from 25.6% year on year. Overall auto volume was 74,441 units, up some 26% YoY, though still down from the ~81.000 unit seasonal norm, pre-2020. The Tesla Model Y was the UK’s best selling full electric vehicle for the month. February’s 22.9% combined plugin result comprised 16.5% full battery electrics (BEVs), and 6.3% plugin hybrids (PHEVs).

France’s plugin electric vehicle share reached 23.8% in February, up from 20.1% year on year. Full electrics grew share, whilst plugin hybrids remained static. Overall auto volume was 126,237 units, up over 9% YoY. The Dacia Spring was once again the best selling full electric. February’s combined plugin result of 23.8% comprised 15.5% full electrics (BEVs), and 8.3% plugin hybrids (PHEVs). These respective shares compare with 20.1%, 11.7%, and 8.4%, year on year.

February saw Norway’s plugin electric vehicle share continue to grow to 90.1%, from 86.1% year on year. All the growth came from full electrics, whilst plugin hybrids lost share. Overall auto volume was 7,439 units, down some 9% YoY. The bestselling vehicle was the Tesla Model Y. February’s 90.1% overall plugin share comprised 83.1% full electrics (BEVs), and 7.0% plugin hybrids (PHEVs). These shares compare with 86.1%, 75.6%, and 10.5%, YoY.