March’s auto market in Norway saw plugin EVs taking a 91.5% share, up from 91.1% compared to the previous year. Battery electric vehicles (BEVs) alone accounted for almost 90% of the market share. The increase in plugin EVs is attributed to a policy change that came into effect on January 1, which aimed to encourage buyers to choose BEVs over plug-in hybrid electric vehicles (PHEVs). PHEV sales experienced a surge in December 2023, reaching a 16% share, but since January, their share has decreased to 2% in Q1 2024. On the other hand, BEV share has increased from 83% in 2023 to 90.2% in Q1 2024. Although PHEV share is expected to recover slightly in the coming months, it will not reach previous levels due to the policy's focus on promoting BEVs. Overall, the auto market in Norway has seen a decline in volumes for most powertrains, with PHEVs being the most affected, falling to 25% of their year-on-year volume.
March’s auto market saw plugin EVs take 91.5% share in Norway , up from 91.1% year on year. BEVs alone took almost 90% share. Overall auto volume wass that came into effect on January 1, designed to push buyers from PHEVs to BEVs. PHEV sales, averaging 7% share over most of 2023, surged to 16% share in December 2023, ahead of the policy change . Since January, their share has been in hangover, registering 2% share across Q1 2024.
BEV share has, meanwhile, increased to fill the gap, from 83% share over most of 2023 to 90.2% in Q1 2024. PHEV share will recover slightly in the months ahead, but not to prior levels, since the policy is designed to disincentivize them relative to BEVs.In terms of volumes, most powertrains roughly halved YoY, proportionate to the halving of the overall market. PHEVs were an outlier, falling to 25% of their YoY volum
Norway Auto Market Plugin Evs Share Bevs Phevs Policy Change Volumes
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EVs Take 91.5% Share In NorwayMarch’s auto market saw plugin EVs take 91.5% share in Norway, up from 91.1% year on year. BEVs alone took almost 90% share.
Read more »
EVs At 58.1% Share In Sweden — The Volvo EX30 Has A Meteoric Climb To #2 SpotMarch’s auto market saw plugin EVs at 58.1% share in Sweden, down YoY from 59.9%. The relatively new Volvo EX30 has had an amazing rise from its debut in December, and has now reached second place!
Read more »
EVs At 58.1% Share In Sweden — The Volvo EX30 Had A Meteoric Climb To #2 SpotMarch’s auto market saw plugin EVs at 58.1% share in Sweden, down YoY from 59.9%. The relatively new Volvo EX30 has had an amazing rise from its debut in December, and has now reached second place!
Read more »
Plugin EVs' Market Share in Sweden Decreases in MarchIn March, plugin electric vehicles (EVs) accounted for 58.1% of the auto market in Sweden, showing a decrease compared to the previous year. While plugin hybrid volumes slightly increased, battery-electric vehicle (BEV) volumes decreased significantly. The overall auto volume was also affected by the decrease in registration days. The decline in BEV registrations can be attributed to the reduction of purchase incentives.
Read more »
EVs At 19.3% Share In Germany — Tesla Model Y LeadsFebruary saw plugin EVs at 19.3% share of the German auto market, still in hangover from sudden incentive changes in late December.
Read more »
EVs At 26.3% Share In France — Peugeot e-208 LeadingFebruary saw plugin EVs at 26.3% share in France, up from 23.8% share, year on year. Full electric volume grew 32% YoY, PHEVs grew 12%.
Read more »