Norway, the leading nation for EV adoption, saw plugin autos take a market share of 91.94% in March, with 86.1% being full battery electrics.
Renault MeganeA look at the trailing 3 month performance gives a more even view of Norway’s auto market. Here, Tesla’s two vehicles also lead, with the Model Y well out in front. Below this, the spread of performance is more even.
came in 3rd with 3,900 units. These three took combined over 57% of the BEV market, with other manufacturers trailing well behind.In terms of Norway’s fleet composition, we are still waiting on 2022 Q1’s official data. However, my analysis is that BEVs now make up right around 17.1% of Norway’s fleet, and their fleet share is growing by 1.25% per quarter. Meanwhile PHEV share of fleet is slightly under 6.5% .
On the current trendline, by mid 2026 at the latest, half of Norway’s fleet will be plugins . It could potentially come towards the end of 2025. With road-fuel prices increasing noticeably, corporate fleets who are now the remaining buyers of most of the new plugless autos, may look again at their spending habits.
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