In May 2022, 8,652 battery electric vehicles (BEVs) were sold in Norway, an increase of 16% when compared to the 7,459 units sold in April. The German automakers BMW and Volkswagen led the EV sales in the Scandinavian country with a total of 1,059 and 1,056 units respectively.
The automakers had a market share of 12.2% followed by Hyundai with 7.4% after selling 642 vehicles. In Q1 2022, Tesla delivered 16 Model Y units on January, 7 in February, and 3,303 in March – the last month of the quarter.
The sector leader ranked 15th with 228 vehicles delivered: 223 Model Ys and 5 Model 3s. The U.S. automaker usually focuses on overseas markets only in the last month of each quarter making this result expected.
BMW was the best-selling EV maker with 1,059 units and a market share of 12.2% in May being on pace to break its quarterly record from Q1 2022 when delivered 1,867 BEVs in Norway, up from 1,455 delivered in the last quarter of 2021. In May, BMW delivered 108 units of the I3 model (a new monthly record for the model in Norway), 302 I4 (more than double month-over-month), 458 IX units, 190 IX3, and one IX M60 model.
The BMW iX is offered in three flavors; the xDrive40, the xDrive50, and the iX M60. The former uses a smaller battery (76.6 kWh) and gets a smaller range (260 miles), while the latter gets a bigger battery (111.5 kWh) and a further range (310 miles). The BMW iX M60 makes 610 horsepower and 811 lb-ft of torque.
After delivering 4,604 BEVs in Norway during the last year, BMW sold over 3,500 in less than 6 months indicating that may break its yearly record of 5,688 BEVs delivered in Norway back in 2018.
Best Selling EV Makers
Volkswagen had the best-selling model with 880 units of the ID.4. The model with 302 horsepower and a starting price of 440,460 NOK ($48,940 USD) had its second-best month so far, only behind March results of 1,104 units delivered in the Nordic country and more than doubled month-over-month (429 units in April). In 2021, VW delivered 12,863 BEVs in Norway representing a 9% decrease when compared to 2020 (14,135 units).
Volvo had the 4th best selling model with its SUV XC40 with 424km of range selling 394 units. The model has a starting price of 465,200 NOK in Norway and reached the second-best month, in May after the 560 units record established in April. When it comes to the C40 model, the Swedish automaker saw a decrease in deliveries number for the third consecutive month: 185 units in February, 177 in March, 156 in April, and 147 in May.
Best Selling Models
|5. HYUNDAI||IONIQ 5||361|
|6. FORD||MUSTANG MACH-E||309|
|10. MG||MARVEL R||255|
|12. AUDI||Q4 E-TRON||230|
|13. TESLA||MODEL Y||223|
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The Swedish manufacturer Polestar sold 465 units of its Polestar 2 in May, up from the 327 delivered in April representing an increase of 42.20%. The model was the second best-selling one in the Nordic country (after Volkswagen ID.4).
In March, Polestar had its best monthly result with 544 units, only behind December 2020 when sold a total of 670 vehicles in Norway. Earlier this year, the company announced that the first batch of Polestar 2 models has already arrived in Norway regarding the company’s partnership with Avis. The manufacturer and the car rental company have signed an agreement on the delivery of 200 Polestar 2.
The South Korean automaker Hyundai was the third best-selling brand in Norway for the second month in a row with a total of 642 vehicles delivered: 361 IONIQ 5, 72 IONIQ, and 209 KONA units.
The IONIQ 5 model was the 5th most sold EV model in May climbing two places from the 7th position in the previous month. Back in February, the model with a 489,900 Nok ($55,235 USD) starting price was the best-selling vehicle in Norway.
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 in the ranking, Volkswagen (3,637 units). During Q3 2021, Tesla’s Market share was even higher at 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 Electric 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).