Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter
In April 2022, 7,459 Battery Electric Vehicles (BEVs) were sold in Norway, 5.13% less when compared to the 7,863 units sold in April 2021. The Swedish automaker Volvo led the EV sales with 721 vehicles delivered representing a market share of 9.7% in the Nordic Country. The automaker also had the best selling model, Volvo XC40 with 560 units. Skoda’s first electric SUV Enyaq was the second best selling model with 474 units followed by ID.4 from the German automaker Volkswagen.
BMW was the second best selling brand with 660 units. In Q1, the German automaker had its best quarter selling 1,867 BEVs in Norway, up from 1,455 delivered in the last quarter of 2021. With 2562 units delivered in the first four months of the year, BMW is in pace to break its yearly record of 5,688 BEVs delivered in Norway back in 2018.
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Volvo delivered an average of 24 electric vehicles per day in Norway, 39% more than the previous average of 17.25 units in March. The XC40 model, April best seller, is a subcompact luxury SUV with 424km of range and a starting price of 465,200 NOK ranking.
In 2021, a whopping 88 per cent of cars sold in Norway were pure electric or plug-in hybrids. Volvo Norway’s decision to only sell Recharge models was not radical, considering that in 2021 96 per cent of its sales in the Nordic country were already Recharge models.
The 3rd best selling brand in April was the South Korean Hyundai with a total of 572 vehicles delivered: 288 units IONIQ 5, 220 Kona, and 64 IONIQ EV units. IONIQ 5 was the 7th most sold EV model in April. Back in February, the model with a 489,900 Nok ($55,235 USD) starting price was the best selling vehicle in Norway.
The model was added to its growing list of Car of the Year honors by being named overall UK Car of the Year 2022. John Challen, Editor and Managing Director of the UK Car of the Year Awards, said the Hyundai IONIQ 5 had been a popular choice as 2022’s number one car.
The Swedish EV maker Polestar sold 327 units of its Polestar 2 in April being the 5th best selling model in the Nordic country. The result represents an increase of 47.9% from the previous month, when the company delivered 261 units.
In March, Polestar had its best monthly result with 544 units, only behind December 2020 when sold a total of 670 vehicles in Norway. The company announced on March 16th that the first batch of Polestar 2 models has already arrived Norway regarding company’s partnership with Avis. The Swedish EV maker and the car rental company have signed an agreement on the delivery of 200 Polestar 2. The EV maker has a global sales target of 65,000 units for this year.
Although the best monthly result in 14 months, the Q1 2022 deliveries in Norway represent a 2.70% decline from the last quarter of Q4 2021. The company delivered a total of 1,191 units in Norway from January to March, down from 1,224 in the last quarter of 2021.
When it comes to the Chinese EV Manufacturers, Hongqi (owned by the automaker FAW) is the first one to appear on the list with 142 E-HS9 units delivered. BYD comes second with 1.6% of Market share with 117 units sold, 100 TANG units and 17 ETP3.
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The Guangzhou based XPeng was the 3rd Chinese EV maker with 141 units sold (1.9% of Market share), representing a new monthly record for the company. The previous record was from February 2022 with 138 units delivered. The record comes after XPeng registered a considerably lower number in the last month of Q1 2022 with only 69 vehicles. In April, the Chinese EV maker sold 126 units of its G3 SUV model and 15 P7.
Last February, XPeng reached its monthly record in Norway wt 138 vehicles sold in February when the company reached the best result since its debut in the country. During Q4 2021, the company delivered a total of 179 units,
The Guangzhou based EV maker has only two models available in the country (P7 and the SUV G3) but is about to launch P5 model in the upcoming weeks. The company introduced, last October, its large electric sedan P7 to the Norwegian market, after the electric SUV G3 has already been delivered there since late 2020.
NIO registered a total of 82 units delivered in April representing a market share of 1.1%. On the previous month, Shanghai-based had registered 99 ES8 delivered, its best result since the debut in the country.
On April 26, the EV maker reached a total of 500 vehicles delivered in Norway since its debut on September 30, 2021. Until now, only the ES8 Model is available but the sedan announced during NIO Day in December 2020 is arriving to the country in the last quarter of 2022.
NIO CEO William Li and NIO’s Manager of Norway, were gathered there with 20 NIO users back in January where they confirmed the arrival of the ET7 sedan to the country in Q4 2022. When it comes to NIO ET5, the model with 1,000km range will be available in Norway (and several other global markets) during the Spring of 2023.
The Warren Buffett backed BYD sold a total 117 units during April, the same result as the one reached in March. The company has currently two models available in Norway, TANG and ETP3. BYD TANG is priced at 599,900 NOK ($67,633) and is gaining widespread recognition in Norway with positive feedback from customers, and the motoring industry alike — said the company. The company announced, in December 2021, the delivery of the 1,000th BYD Tang SUV in Norway. through RSA, a Norwegian distributor.
Q1 2022 in Norway
During the first quarter of 2022, Tesla delivered 6,185 units (18% Market share) in Norway, 41% more than the second brand on the ranking, Volkswagen with 3,637 units. During Q3 2021, Tesla’s Market share was even higher with 23.4% which means, almost 1 out of 4 electric vehicles sold were a Tesla model.
According to Auto Industry Association, Norway’s sale of fully Eletric Vehicles rose to 65% Market Share in 2021 From 54% in 2020 making the Scandinavian Country a great option to enter the European Market. The Scandinavian country has the goal of becoming the first to end the sale of petrol and diesel cars in 2025. Oil-producing Norway has encouraged the switch to zero emission cars by exempting battery electric vehicles (BEVs) from taxes imposed on internal combustion engines (ICE).
Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter