In Sweden, electric cars and plug-in hybrids achieved a market share of 27.2 per cent in March. The winner among the plug-in cars was the Tesla Model 3 with a total of 1,084 new registrations.
The new listing boom in electrified vehicles corresponds to a change in the Swedish bonus-malus system that came into force at the turn of the year. According to Statistics Sweden, this system will affect new registrations throughout the year.
About 10.5 per cent of all new cars in Sweden in March 2020 were all-electric (3,015 registrations), and about 16.7 per cent were plug-in hybrids (4,753 listings). The increase compared to March 2019 was around 43 per cent for BEVs and 107.4 per cent for PHEVs.
In February this year, around 6.4 per cent of new cars were battery electric passenger cars (1,430 new registrations) and 18 per cent were plug-in hybrids (4,027 new registrations). The increase compared with February 2019 was 59 per cent for BEVs and 112 per cent for PHEVs.
Looking at the first quarter in 2020, all-electric passenger cars increased by 39 per cent compared to the same period last year. In the case of plug-in hybrids, the increase was even 123.5 per cent compared with the first three months of the previous year.
Overall, however, the Swedish car market declined by 8.2 per cent year-on-year in March with 28,535 new registrations, according to a report by the state agency Statistics Sweden. Both diesel and petrol engines lost significant market share.
The three most popular BEV models in March were the Tesla Model 3 (1,084), the Audi e-tron (315) and the Renault Zoe (310). Among the PHEV models, the Volvo S60/V60 (812), the VW Passat (428) and the VW Golf (427)
The electric car boom (especially for PHEVs) is due to the bonus-malus system. Although this system has been in force since 2018, an amendment effective from 1 January 2020 stipulates that CO2 emissions are to be measured according to the WLTP cycle, and here, consumption and CO2 values are on average 20 per cent higher than in the NEDC previously used. In concrete terms, new cars with CO2 emissions of less than 70 g/km will receive a bonus of up to €5,700 (graduated in various stages between 0 and 70 grams), while vehicles with CO2 emissions of more than 95 g/km will be subject to higher taxes as a malus.