EVs Take 94.9% Share In Norway – Renault 5 First Buyer Deliveries

Could noticed plugin EVs take 94.9% share in Norway, up from 82.3% year-on-year. BEVs alone took 93.9% share. Total auto quantity was 14,260 items, up 39% YoY. The Tesla Mannequin Y was the best-selling automobile.

Could’s auto gross sales noticed mixed EVs take 94.9% share in Norway, comprising 93.9% full electrics (BEVs), and 1.1% plugin hybrids (PHEVs). These examine with YoY figures of 82.3% mixed, with 77.0% BEV, and 5.3% PHEV.

The YoY baseline was low, with BEVs in Could 2024 seeing a brief dip as producers cleared their shares of older automobiles (principally not-plugins) forward of the tighter EU automobile security rules. So take the apparently giant YoY good points in share for BEVs with a pinch of salt.

Having stated that, the sample of market shares this yr has additionally been mildly erratic (see graph beneath), as March was the final month earlier than tax will increase on all non-BEVs, significantly on PHEVs, resulting in a big pull-forward in gross sales, and a subsequent hangover. The subsequent few months ought to settle-in to a “new regular” steadiness of market shares. I count on BEVs to be principally within the vary of 94% to 98% market share, with HEVs, diesels, and PHEVs (in that order) jostling over the remaining crumbs.

Petrol-only share has sometimes been not more than 0.5% of the market over the previous 10 months, and – apart from non permanent pull-forwards – ought to keep beneath this degree sooner or later.

Greatest-Promoting Fashions

The Tesla Mannequin Y (now within the Juniper type) was the best-selling automobile in Could, with 2,344 items, representing over 16% of the passenger auto market. This was the Mannequin Y’s third consecutive month within the high spot.

The Toyota BZ4X got here in second place with 927 items, forward of the Volkswagen ID. Buzz in third, with 616 items.

The notable strikes within the high 20 had been the MG4’s return to first rate month-to-month volumes (348 items and eighth place) after nearly a yr of quieter gross sales and rating exterior the highest 20. There have been additionally file volumes for the brand new BYD Sealion, with 338 items, and ninth spot.

As we additionally noticed in neighbouring Sweden, the brand new Volvo EX90 continues to steadily climb in Norway, and has now entered the highest 20 for the primary time, with a file 214 items.

Additional again, the brand new MG S5, which solely debuted in March, continued to climb, stepping as much as 153 items in Could, and rating twenty fifth. On this trajectory, it could enter the highest 20 subsequent month.

The brand new Renault 5 additionally broke out of its current sampling-only volumes for the primary time, and registered 59 items in Could, a few of which have to be end-customer deliveries. Is that this the start of its journey to the highest 10 in Norway? Let’s keep watch over it.

The R5’s rival the Citroen e-C3 continues to be properly forward for now, seeing 111 items in Could, however this was beneath April’s 173 items. Is that this a requirement plateau for the Citroen, or only a non permanent breather? And likewise for the Hyundai Inster, which received an early lead in February, however noticed dipping gross sales in Could – is that this only a logistics ebb, or is it a requirement plateau? Lastly – how will the incoming Renault 4, and the e-C3 Aircross, fare in Norway?

Two different current newcomers noticed first rate development in Could. The brand new Zeekr 7x climbed from April’s 4 items, to 41 items in Could. The brand new Ford Puma climbed from April’s 9 items, to 56 items. The brand new Skoda Elroq which had rapidly climbed into the highest 20 by April, took a break in Could, however will little question be again to development quickly.

There have been two new debutants in Could. The brand new Opel Frontera noticed an preliminary 36 items registered. This compact crossover relies on the identical STLA Smartcar platform as the brand new Citroen e-C3 and the e-C3 Aircross, and is near the Aircross in dimension (size of 4,385 mm, top of 1,635 mm). The entry variant has a WLTP vary of 305km (44 kWh usable LFP battery), with an MSRP ranging from 238,900 NOK (€20,730). A much bigger battery variant, good for 400 km WLTP, will come later.

Mazda registered 2 items of their new Mazda 6e giant sedan in Could. These could also be test-drive items for now, I’ll come again to this mannequin if and when it sees important buyer volumes.

On a lighter notice, when the MG Cyberster debuted in early winter 2024, I contemplated whether or not its initially modest gross sales volumes (single-digits) would possibly decide up because the summer season approached. Could noticed 16 items registered, and I’ll have an interest to see if that will increase additional in June and July. That is nonetheless the one open-top BEV roadster on sale in Europe.

Let’s test in on the trailing 3-month chart:

Having taken the month-to-month high spot for the previous three months, the Tesla Mannequin Y comfortably retained the lead, far forward of all others. The Toyota BZ4X took second place, simply forward of the Volkswagen ID. Buzz. Not stopping there, Volkswagen model’s ID. lineup additionally took 4th, fifth, and sixth spots.

Robust current climbers within the high 20 embrace the MG4, and the BYD Sealion, now each simply exterior the highest 10. Additional again, the Volvo EX90 has climbed to twenty third and should make the highest 20 subsequent month. Likewise for the Skoda Elroq, presently in twenty sixth. It’s nonetheless too early to say when the Citroen e-C3 and the MG S5 would possibly make the highest 20 chart, however there’s each likelihood they’ll sooner or later this yr, so let’s keep watch over them.

Outlook

In keeping with the Norwegian OFV, the YoY auto quantity restoration in Could could also be attributable to elevated optimism within the normal financial system, or to advertising campaigns from auto sellers (with low rates of interest and different incentives), or some mixture. In addition they point out pent-up demand from a number of years of lower-than-normal new gross sales and thus overdue replacements (and an growing old fleet).

Newest macroeconomic information exhibits a YoY GDP development charge nonetheless within the unfavourable, at -0.4% in Q1 2025, following on from the unfavourable 0.3% of This fall 2024. Inflation is presently at 2.5% and rates of interest stay at 4.5%. Manufacturing PMI improved to 51.2 factors in Could, from 46.2 factors in April.

Which BEV fashions do you assume will climb Norway’s gross sales rankings within the months forward, and which older fashions would possibly diminish? Please share your ideas and views on Norway’s auto market within the feedback beneath.