HomeTechnologyGreenTechSweden's Plugin Growth Catches Its Breath After Recent Pull-Forward

    Sweden’s Plugin Growth Catches Its Breath After Recent Pull-Forward

    Sweden’s plugin electric vehicle share in January was 52.4%, flat from 52.9% year on year. The temporary pause in growth comes after a pull-forward in December. Overall auto volume in January was 35,476 units, some 27% down from January 2022. The best selling full electric was the Volvo XC40.

    January’s combined plugin share of 52.4% comprised 28.9% full electrics (BEVs), and 23.5% plugin hybrids (PHEVs). This compares to respective shares of 52.9%, 25.9%, and 27.0% a year ago; thus BEVs are still steadily replacing PHEVs in share.

    With plugless hybrids (HEVs) also seeing a slight YoY growth in share, combustion-only vehicles were squeezed, and continued to lose share.

    In volume terms, all powertrains except the miniscule “other fuels”, lost volume year on year.

    Murky Incentive Changes

    January’s low ebb for plugins was said, by industry association Mobility Sweden, to be…

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