{"id":243879,"date":"2023-11-01T19:20:48","date_gmt":"2023-11-01T19:20:48","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=243879"},"modified":"2023-11-01T19:20:48","modified_gmt":"2023-11-01T19:20:48","slug":"norway-car-market-shrunk-but-evs-maintained-ultra-high-market-share-in-october","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/car-reviews\/norway-car-market-shrunk-but-evs-maintained-ultra-high-market-share-in-october\/","title":{"rendered":"Norway: Car Market Shrunk, But EVs Maintained Ultra-High Market Share In October"},"content":{"rendered":"<p>In October, the Norwegian car market once again noted a significant 29 percent year-over-year decrease, dropping new registrations down to 8,925. Because of that, the year-to-date result of 104,424 is now deeper into the red at -9.4 percent year-over-year.<\/p>\n<p>Despite the fact that people are buying a lower number of new cars, the market is dominated by rechargeable ones, which maintain their ultra-high market share.<\/p>\n<p>According to the Norwegian Road Federation (OFV), 8,151 new passenger plug-in cars were registered last month (down 25 percent year-over-year), which was 91.3 percent of the total volume (compared to 87.7 percent a year ago). In other words, electrification progresses further.<\/p>\n<p>All-electric car registrations were down 23 percent year-over-year to 7,516, which represents 84.2 percent of the market (compared to 77.5 percent a year ago). Plug-in hybrids add an additional 7.1 percent share, with 635 new registrations, although the volume decreased by 44 percent year-over-year, indicating that PHEVs are not that attractive to customers.<\/p>\n<p>A fun thing is that gasoline vehicles represent only 1.0 percent of the market, diesel vehicles just 2.2 percent, and non-rechargeable hybrids 5.5 percent for a total of 8.7 percent. That would explain why manufacturers are already selling (or soon will be) only plug-in cars (like Volkswagen, starting in 2024).<\/p>\n<p>Plug-in passenger car registrations last month (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>BEVs: 7,516 (down 23%) and 84.2% market share<\/li>\n<li>PHEVs: 635 (down 44%) and 7.1% market share<\/li>\n<li>Total: 8,151 (down 25%) and 91.3% market share<\/li>\n<\/ul>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>New passenger plug-in car registrations in Norway \u2013 October 2023<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/new-passenger-plug-in-car-registrations-in-norway-october-2023.png\"><\/p>\n<p>So far this year, more than 94,000 new passenger plug-in electric cars have been registered in Norway, which represents about 90 percent of the total car sales.<\/p>\n<p>Plug-in car registrations year-to-date (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>BEVs: 87,190 (down 3%) and 83.5% market share<\/li>\n<li>PHEVs: 7,278 (down 36%) and 7% market share<\/li>\n<li>Total: 94,468 (down 7%) and 90.5% market share<\/li>\n<\/ul>\n<p>For reference, in 12 months of 2022, more than 153,000 new plug-in electric cars were registered in Norway (87.8 percent of the total volume).<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/new-passenger-plug-in-car-registrations-in-norway-october-2023-b.png\"><\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Models<\/h3>\n<p>In terms of the best-selling cars, in October the Tesla Model Y once again was number one overall with 648 new registrations and a massive 20,223 year-to-date result (19.4 percent of all car sales). Relatively close behind the Model Y were the Toyota bZ4X (553) and Skoda Enyaq iV (533).<\/p>\n<p>On the list of best-selling cars, we can see almost entirely all-electric models and crossover\/SUVs, which appears to be the ultimate combo.<\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Top 20 new passenger car registrations in Norway \u2013 2023 YTD<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/new-passenger-plug-in-car-registrations-in-norway-october-2023-c.png\"><\/p>\n<p> Source: <span><span>OFV<\/span><\/span> <\/p>\n<p>Source: <a href=\"https:\/\/insideevs.com\/news\/694257\/norway-plugin-car-sales-october2023\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October, the Norwegian car market once again noted a significant 29 percent year-over-year decrease, dropping new registrations down to<\/p>\n","protected":false},"author":2,"featured_media":243878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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