October saw Sweden's plugin electric vehicle share reach 59.4% of the auto market, up from 50.1% year on year.
As usual, many of the ranking changes reflect short-term regional allocation decisions, of limited production volumes, not necessarily significant changes in demand., notes that YTD auto volumes are still down 10% from 2021’s already-low baseline.
They say that “concerns are growing in the industry over increased energy prices, shortages of key components and reduced demand among consumers.” “The political and economic instability in the world contributes to continued major disruptions in the global supply chains, which in turn creates a large gap between orders and production in the automotive industry. There is also a shortage of important key components.
The long-term cost of ownership advantages of plugins have not gone away, and we can expect those folks in the market for a new vehicle to continue to favour them, relative to combustion-only options.growth is another question, dependent on the state of supply chains, and consumers’ economic outlook.
I would expect to see December’s plugin share break a new record above 60%, though much will depend on the health of supply. What are your thoughts on Sweden’s auto industry in its transition towards electric? Please join in the discussion in the comment section below.
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