Norway Continues To Grow Plugin Share With 3rd Month Above 90%
The auto market is still settling down after policy changes that came in at the start of the year. Overall auto volume wasThis is the first time Norway has seen 3 consecutive months with combined plugin share staying above 90% . April’s combined share of 91.1% comprised 83.3% full battery electrics , and 7.8% plugin hybrids . This compares to respective YoY scores of 84.2%, 74.1%, and 10.1%. We can see that BEVs have continued to grow, whilst PHEVs have been squeezed.
The auto market pattern should mostly resettle sometime in Q3, but there is also the confounding factor of the long time period between placing orders and taking deliveries . This can be 6 to 12 months or more in some cases , so the 2023 market will continue to be somewhat shaped by orders placed under the previous tax regime, perhaps into Q4 2023, or even Q1 2024. Nevertheless, we should get a decent sense of the new trend in powertrain shares, by the end of Q3 this year.
In terms of notable performances, in the middle of the table, the Nissan Ariya registered its highest monthly volume to date, with 270 units, and may still have more room to grow. As for newcomer BEV models, just as we saw in neighbouring Sweden, the Toyota’s group sibling, the Lexus RZ450e made its debut in Norway in April. Although sharing most of the same underpinnings, the Lexus is slightly bigger, heavier, and a bit more powerful than the BZ4X, with more luxury , at the cost of slightly lower range.
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