July saw plugin electric vehicles take 50.1% market share in Sweden, up from 37.6% year on year.
It’s worth remembering that periodic volume variations, especially in smaller markets, often simply reflect temporary regional allocation decisions, rather than significant demand changes. Most BEVs on sale in Europe are experiencing more demand than supply, and have long waiting lists.The growth pattern of plugin share for 2022 has roughly matched that seen last year, with the Q1 and Q2 peaks still just below the previous Q4 peak.
“Supply issues continue to affect the market, where total consumer demand is still greater than the supply of vehicles. The major disruptions in global supply chains continue to hit the automotive industry hard. We assess that this year’s decline can mainly be attributed to the limited supply, although in recent months we have seen a certain slowdown in the strong demand due to the economic situation” .
Even with general economic pressures, and supply chain uncertainty, plugins’ substantial energy cost savings, and better long term residual values, still make them relatively attractive compared to non-plugins. The large backlog of BEV orders waiting to be fulfilled in the coming months will also help ensure that plugins continue to grow share in 2022.
What are your thoughts on Sweden’s auto market evolution? Please join in the discussion below to share your thoughts and perspective.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Official: Next-Gen Dodge Charger, Challenger Will Be Completely ElectricDodge's infamous Charger and Challenger muscle cars will seemingly be EV-only from 2024 onwards.
Read more »
Kia EV6 GT | AutocarREVIEW: Could the Kia EV6 GT be the model that pushes the firm to the forefront of the electric revolution? Let's find out...
Read more »
Xiaomi Facing Regulatory Delays In Launching Chinese EV Business | CarscoopsXiaomi Facing Regulatory Delays In Launching Chinese EV Business | Carscoops carscoops ⚠️
Read more »
From homeless to CEO: San Antonio man uses recovery to Pay it ForwardPay it Forward CEO Hamilton Barton understands the needs of the people in recovery that...
Read more »
Montgomery County football games to watch in 2022A game or two for each team to look forward to this season.
Read more »