Written by Cláudio Afonso | info@claudio-afonso.com
As of April 15, Volvo is leading Norwegian electric vehicles sales with its pure electric XC40 model. The Swedish automaker sold a total of 376 BEV and is followed by Hyundai and KIA with 335 and 274 vehicles delivered, respectively. From the 3,434 BEV delivered so far this month in Norway, Volvo is responsible for 376 units, representing a Market share of 10.9%. Hyundai has 9.8% and KIA with 8%.
Volvo‘s subcompact luxury SUV has 424km of range and a starting price of 465,200 NOK ranking first on the list of the most sold EVs in Norway this month with 285 units. In March, Volvo delivered an average of 11.2 XC40 units per day, lower than the current average of 19 units sold this month.
In 2021, a whopping 88 per cent of cars sold in Norway were pure electric or plug-in hybrids. Volvo Car Norway’s decision to only sell Recharge models was not radical, considering that already 96 per cent of its sales in the Nordic country were Recharge models.
Volkswagen is currently selling three EV models in Norway with ID.4 Model being the best selling with 200 units so far. The model ranks #2 on the April list so far, far above ID.3 with 17 units delivered. In March 2o22, ID.4 was the best non-Tesla selling model with 1,104 vehicles delivered in the Nordic country.
The Swedish Polestar delivered 112 vehicles so far in Norway, indicating a 50% slower pace compared to the 544 units sold during the thirty one days of March. Last month, the EV maker reached the best monthly result since December 2020, when sold a total of 670 units of Polestar 2.
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. In 2021, Polestar’s luxury sedan was the 10th most popular car model in the Scandinavian country, the one with the highest EV adoption.
As of April 15, Hyundai has delivered a total of 175 units of its IONIQ 5 model after having registered the best month so far in sales of this model. In February, the company has the best selling model on the Scandinavian country with Hyundai IONIQ 5. The model has a 489,900 Nok ($55,235 USD) starting price.
The Hyundai IONIQ 5 has 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.
From the Chinese EV Manufacturers, Hongqi is the first one to appear on the list with its model E-HS9 that has sold 199 units so far, 76 more than previous period in March. The model is the only one being delivered in Norway and is currently the 17th most sold vehicle in the country.
Warren Buffett backed BYD follows on the list with 117 units delivered so far: 104 BYD Tang and 14 units of ETP3. 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.
XPeng is currently the third Chinese EV maker (22nd overall) by sales with 43 units delivered divided by its two models: 38 G3 SUV Model and 5 P7 model units.
NIO is the 23rd best selling with 23 units sold of its ES8 Model. During Q1 2022, NIO sold a total of 245 vehicles in the Nordic country, up 45% when compared to the previous quarter. NIO opened in January its first Battery Swap Station in Europe and plans to have 20 Stations in five different Norwegian cities by the end of the year.
During the Fourth Quarter of 2021, 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.
From March 2021 to the end of the year, the average percentage of Electric Vehicles sold in the Norwegian Market was 67.3% (total of 65% in 2021) which means more than 2 out of 3 vehicles sold in Norway was an EV. Compared to the same period in 2020, it increased 27.22% and represented 52.9% of the entire market that year.
Norway has closed 2021 with an impressive monthly record: during December 2021, 90.0% of the vehicles sold were rechargeable. The advantage is clear with only 10% for the other types of vehicles sold. Overall they were sold 20,567 units during the last month of 2021.
After 11 consecutive years leading, Volkswagen lost in 2021 its number one market position in Norway to US EV manufacturer Tesla. Oil-producing Norway exempts battery electric vehicles from taxes imposed on internal combustion engines which help drive the proportion of overall electric sales as high as 80% in 2022. Obviously the subsidies for electric cars aren’t enough on their own to reach this percentage of overall auto-market, although they help create momentum in the population.
Written by Cláudio Afonso | info@claudio-afonso.com