Sweden Hits 62% Plugin EV Market Share In Might, Tesla Mannequin Y Excessive

Plugin electrical autos noticed robust 12 months on 12 months progress in market share in Sweden, taking 61.9% of the market, from 47.5% in Might 2022. Full electrics carried all the progress, alone accounting for 40.9% share, with plugin hybrids barely shedding share YoY. General auto quantity was 28,492 models, up some 8% YoY, although 12 months to this point quantity stays some 5% down in comparison with 2022. One of the best promoting automotive in Might was the Tesla Mannequin Y.

Might’s mixed plugin results of 61.9% comprised 40.9% full electrics (BEVs), and 21% plugin hybrids (PHEVs). These evaluate with figures of 47.5%, 24,2%, and 23.3% a 12 months in the past.  We are able to see that BEVs have grown strongly while PHEVs have barely declined.

Combustion-only powertrains have fallen from 42.6% a 12 months in the past, to twenty-eight.9% final month. Diesel has had a very steep decline, from 15.1% to eight.4%.

Taking a look at volumes, BEVs got here near doubling YoY, whereas PHEV misplaced about 2% quantity.

We are able to anticipate one other robust month for plugins in June, with BEVs alone seemingly approaching 50% share of the market.

Sweden Tesla High 3

Sweden Tesla Excessive 3


As we now have simply seen for neighbouring Norway, Tesla is not solely transport massive volumes within the final month of every quarter. Might noticed the Mannequin Y delivering 1,903 models, its second finest month-to-month outcome ever (after 3,202 models in March).

Native hero the Volvo XC40 got here in second with 1,041 models, with the Volkswagen ID.4 in third, at 837 models.

Sweden Tesla High

Sweden Tesla Excessive

Two different native fashions, the Polestar 2, and the Volvo C40 crammed out the highest 5 spots.

Additional again, the Audi This fall e-tron noticed its finest month-to-month efficiency in a few years, with 387 models, taking eighth spot.

Just like what we now have simply seen in Norway, first rate progress traits have been seen for the Toyota BZ4X (#13) and the MG4 (#15), each seeing report Swedish volumes in Might. Let’s see how far up the rankings these fashions can climb. The BZ4X’s latest software program unlocks (improved battery and charging specs) make it extra engaging than beforehand.



MG5 Electrical. Picture courtesy of MG Motor.

Apparently, the MG5 property/tourer is definitely promoting at much more quantity than the MG4 in Sweden. As far as I do know that is the one market the place it’s forward of its youthful sibling (tell us within the feedback if you understand completely different). It appears that evidently the Swedes acknowledge the utility of this basic automobile format, and the good worth of the MG5.

There have been no new BEV entrants into the Swedish market in Might.

Now to the three month view:

Sweden Tesla High 2

Sweden Tesla Excessive 2

Right here the Tesla Mannequin Y is equally dominant, at near twice the amount of its nearest competitor (the Volvo XC40).

Having launched in Sweden solely in March, the Toyota BZ4X noticed the largest strikes, going from nowhere to #17. There was no different important information within the high 20.

Additional again, the Volkswagen ID.Buzz has performed effectively since its first quantity deliverers in November, and has now climbed to #25 place. Any bets on whether or not it has the demand momentum (or maybe that ought to be… the availability quantity) to interrupt into the highest 20?




Auto business physique Mobility Sweden continues to be involved about weakening order books for BEVs, after incentives have been reduce final November. They concern that, after the backlog of pre-November orders is labored by (within the coming few months), BEV registration volumes will present noticeable decline.

Whether or not these fears shall be realised stays to be seen. Actually Tesla’s autos are nonetheless promoting effectively, and (judging by the 2 months supply wait) it will seem that many have continued to be ordered even after the November incentive reduce. Let me know when you’ve got a special take.

Mobility Sweden notes that a big chunk of auto demand has now switched away from personal client purchases to enterprise fleet purchases. Tesla is enjoying ball, with its Mannequin Y splash web page highlighting enterprise leasing packages.

We should wait one other 3 or 4 months to see how Sweden’s auto market resettling performs out. I’m hopeful that savvy purchasers (whether or not companies or personal customers) will nonetheless have the ability to take the lengthy view, and guess on the total-cost-of-ownership benefit of BEVs.

What are your ideas on Sweden’s close to time period auto market prospects, and EV transition? When you have anecdotal proof of a change in orders for the reason that incentive reduce, please tell us within the feedback beneath.



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