Plugin electrical automobiles noticed robust yr on yr progress in market share in Sweden, taking 61.9% of the market, from 47.5% in Could 2022. Full electrics carried all the progress, alone accounting for 40.9% share, with plugin hybrids barely dropping share YoY. Total auto quantity was 28,492 items, up some 8% YoY, although yr up to now quantity stays some 5% down in comparison with 2022. The most effective promoting automotive in Could was the Tesla Mannequin Y.

Could’s mixed plugin results of 61.9% comprised 40.9% full electrics (BEVs), and 21% plugin hybrids (PHEVs). These examine with figures of 47.5%, 24,2%, and 23.3% a yr 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 yr in the past, to twenty-eight.9% final month. Diesel has had a very steep decline, from 15.1% to eight.4%.

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

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

Sweden Tesla Excessive 3

Bestsellers

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

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

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 greatest month-to-month efficiency in a few years, with 387 items, 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 Could. 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.

Curiously, 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 Could.

Now to the three month view:

Sweden Tesla Excessive 2

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

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

Additional again, the Volkswagen ID.Buzz has completed properly 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 provision quantity) to interrupt into the highest 20?

Outlook

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

Whether or not these fears might be realised stays to be seen. Definitely Tesla’s automobiles are nonetheless promoting properly, and (judging by the 2 months supply wait) it could seem that many have continued to be ordered even after the November incentive lower. Let me know if in case you have a distinct take.

Mobility Sweden notes that a big chunk of auto demand has now switched away from non-public 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 non-public 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? In case you have anecdotal proof of a change in orders because the incentive lower, please tell us within the feedback beneath.