European countries are in the race to transition to electrification. According to International Energy Agency (IEA), Europe showed continued growth in electric vehicles. In 2021, they were second after China in EV sales with up to 65% growth and a total of 2.3 million sales.
NORWAY’S PLUG-IN SHARES
According to data by Cleantechnica, Norway, the leader in electric transport, showed a plug-in share of up to 85.1% during May. Battery-electric vehicles account for more than 70% of the market share.
Combined plug-in shares in Norway are 84.2%. Fully electric battery vehicles account for 73.2% of the market share. The overall auto market volume was 11,537 which is down to 18% compared to May 2021.
In May, the best-selling car in Norway was Volkswagen’s ID.4.taking the second spot was Polestar 2 and BMW iX in third. Additionally, Tesla is nowhere near the top ten on the list. This is because its Shanghai facility, which does export activities, recently halted its operations due to the COVID-19 lockdown.
SWEDEN’S PLUG-IN SHARES
Sweden has also seen a growth in its plug-in shares last May of this year. The country’s electric vehicle takes almost half of the market share of up to 47.5%. It has increased up to 39% YoY. Sweden’s overall market volume was up to 9% YoY, with 26,375 units registered.
According to the data, the total plugin sales in May was 47.5%, and fully battery-electric vehicles accounted for 24.20% up to 22.2% YoY. PHEVs account for 23.30%, with a 20.80% YoY growth.
Due to increased vehicle taxes on combustion-only vehicles, electric vehicles have a significant increase. However, Diesel-powered cars still showed a slight increase of 15.1% from their previous 14.9%. Petrol also has the largest market share, with 27.50%. However, it is expected for the petrol- and diesel-powered cars to decline over the next few months. As stated earlier, the taxes for these powertrains are getting costly.
The best-selling brand for Sweden, as same as Norway, is the Volkswagen ID.4. Kia Niro is in second place while Skoda Enyaq is in third.
Unlike in Norway, Tesla made it in the top ten of Sweden’s best-selling BEVs. However, the Model Y units sold were only 312, not so far from Norway’s 223.
Furthermore, the recent happenings in Europe have affected the auto market. As the war in Ukraine continues, it has dramatically affected supply chains resulting in reduced production. As there is more consumer demand, the supplies are not enough.
In addition, Tesla’s Shanghai facility was forced to shut down in April, affecting its export operations. Now that Tesla has restarted its Shanghai operations, we may see Tesla making it on the top of the list in the coming months. They also recently opened their Berlin Facility, which may add up to its European deliveries.
However, given the current situation in Europe, we may not see the price of petroleum products going down anytime soon, which might lead to more people switching to electric vehicles. Automakers should now ramp up their productions to meet this demand.
