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Reading: Norway: Plug-in car sales suffered an 80% decline in January 2023 due to “war, pandemic and taxes”
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EV-a2z > News > Norway: Plug-in car sales suffered an 80% decline in January 2023 due to “war, pandemic and taxes”
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Norway: Plug-in car sales suffered an 80% decline in January 2023 due to “war, pandemic and taxes”

EV-a2zm
Last updated: 2023/02/09 at 9:18 PM
EV-a2zm Published February 9, 2023 5 Min Read
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Szczecin, Poland-June 2021Volvo electric truck in the studio against a black background.3D illustration.
Szczecin, Poland-June 2021Volvo electric truck in the studio against a black background.3D illustration.
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Norway, commonly recognized as “EV Utopia,” suffered a significant decline of 80% in its plug-in car sales in the first month of 2023. The Norwegian Road Federation (OFV) noted that the January 2023 results recorded the country’s new low since 1962.

Contents
New passenger plug-in car registrations in Norway – January 2023New passenger plug-in car registrations in Norway – FY 2022Top 10 new passenger car registrations in Norway – 2023 YTDWhat caused Norway’s poor performance in the plug-in market?

As per the data provided by OFV, Norway saw a year-on-year decline of 77% to 1,860 new car registrations last month. That number also indicates a significant drop of 95% from December 2022’s record of 39,497 units.

New passenger plug-in car registrations in Norway – January 2023

Norway’s plug-in car registrations declined by 80% YoY to 1,419 units in January 2023, representing 76.3% of the overall market.

January 2023 results:

 Sales and ChangesMarket Share
BEVs1,237, down 81%66.5%
PHEVs182, down 66%66%
Total1,419, down 80%76.3%

Notably, 23.7% of the overall market comprised gasoline, diesel, and non-rechargeable hybrid vehicle sales in January, marking Norway’s highest record in the segment in over two years.

INSIDE EV'sによる集計。

台数ベースでは増税の影響を受けた自動車全体とともに大幅に減少している一方で、シェアは大きく衰えていないことが読み取れます⚡

Norway: Plug-In Car Sales Collapsed By 80% In January 2023 https://t.co/VsvwVIxaVa pic.twitter.com/Nan7CeYVuw

— 🌸八重 さくら🌸 (@yaesakura2019) February 8, 2023

New passenger plug-in car registrations in Norway – FY 2022

In retrospect, Norway recorded a slight increase in its plug-in car sales of 0.8% to 153,144 units in the full-year 2022. BEV sales saw a YoY increase of 21.6% to 138,292 units. Meanwhile, PHEV sales saw a YoY decline of 61% to 14,857 units.

Plug-in car registrations YTD 2022:

 Sales and ChangesMarket Share
BEVs138,292, up 21.6%79.3%
PHEVs14,857, down 61%8.5%
Total153,144, up 0.8%87.8%

Top 10 new passenger car registrations in Norway – 2023 YTD

ModellAntallAndel
1Volkswagen ID.421211.4%  
2Toyota Yaris1608.6%  
3Skoda Enyaq1276.8%  
4Mazda MX-301226.6%  
5Volkswagen ID.31105.9%  
6Toyota bZ4X935.0%  
7Volkswagen Transporter/Caravelle663.5%  
8Volvo XC40633.4%  
9Audi e-tron603.2%
10Volvo XC60563.0%
Tabell: OFV  Kilde: OFV Statistikk/Statens vegvesen  Last ned bilde  Laget med Datawrapper

The Volkswagen ID.4 dominated Norway’s new passenger car registrations in 2023 YTD, with 212 units. The ICE car Toyota Yaris followed it with 160 sales, while the BEV Skoda Enyaq Iv landed 3rd with 127 units.

The Mazda MX-30 completed the top five as #4 (122), and the Volkswagen ID.3 (110) as #5. Interestingly, there were no Tesla EVs on the list, indicating that the volume of deliveries closed in December 2022.

What caused Norway’s poor performance in the plug-in market?

The war and COVID-19 pandemic adversely affected the sales of plug-in cars in Norway in 2022, as it impeded the automakers’ production and delivery operations, according to the OFV. However, things eased up toward the end of the year. That said, importers and dealers struggled to record as many cars’ registrations and deliveries as possible before 2023.

Apart from that, the VAT for new EVs over NOK 500,000 and the new weight tax for passenger cars are scheduled to take effect from January 1, 2023. As a result, many customers opted to buy their EVs before the end of the year to avoid the major price increase due to the taxes.

“Almost everyone waiting for a new car was waiting for an electric car. Many had waited a very long time, and the desire to get the car before new VAT and excise rules came into force was, of course great.

A large number of the new cars that are now registered were ordered and bought a long time ago, but are only being delivered now. This is how it was in December, and this is how it is every month.”

Øyvind Solberg Thorsen, Information Council for Road Traffic (OFV) Director

Thorsen claims that Norway’s registration and delivery situation is expected to persist in the following month.

“It will be exciting to follow the registration figures throughout the spring.”

Øyvind Solberg Thorsen, Information Council for Road Traffic (OFV) Director

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TAGGED: Electric Vehicle, Europe, EV, Norway, PEV
EV-a2zm February 9, 2023 February 9, 2023
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