February saw Norway's plugin electric vehicle share continue to grow to 90.1%, from 86.1% year on year.
February saw Norway’s plugin electric vehicle share continue to grow to 90.1%, from 86.1% year on year. All the growth came from full electrics, whilst plugin hybrids lost share. Overall auto volume was 7,439 units, down some 9% YoY. The bestselling vehicle was the Tesla Model Y.
Overall auto sales recovered to close to seasonal norms in February, from the historic low of January. That low came as a hangover effect of new tax policies active from January 1st, which had pulled-forward a large number of auto sales into November and December. The new equilibrium across BEVs, PHEVs, and plugless hybrids , remains to be seen in the coming few months. One might hope that PHEVs > HEVs > combustion-only vehicles, and that BEV growth will continue to compress all of the others. Let’s see how it plays out this year — whatever the short term variabilities, the long term trend is abundantly clear, seen in the graph below.
Lower down the ranks, some newcomer models gained traction. The new Nio EL7, Nio’s next generation of large luxury SUV, saw its first 23 deliveries in February. It will largely replace its older sibling, the Nio ES8, which was based on Nio’s previous generation of BEV technology, dating back to late 2018 .
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