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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term.

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EVs in France reach record market share

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Full electrics grew at a decent rate, but plugin hybrids fell. Overall auto volumes for the month were flat year on year, but full year 2022 volumes were down almost 8% on 2021. December’s overall plugin result of 25.0% plugin hybrids (PHEVs). For 2022 as a whole, plugins accumulated a 21.6% comprised 15.8%

France 83
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Tesla Model Y strengthens its position in Sweden

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Sweden’s plugin electric vehicles took almost 60% of the auto market in March, up from 55.6% Overall auto market volume was 30,261 units, up some 5% YoY, though still below historical seasonal norms. The Tesla Model Y was the overall best selling vehicle of any kind, taking 10.6% of all passenger auto sales!

Sweden 59
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May 2023 – Tesla Model Y conquers Sweden

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Plugin electric vehicles saw strong year on year growth in market share in Sweden, taking 61.9% share, with plugin hybrids slightly losing share YoY. Overall auto volume was 28,492 units, up some 8% YoY, though year to date volume remains some 5% down compared to 2022. The best selling car in May was the Tesla Model Y.

Sweden 59
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Domestic Tesla Model Y dominates the German EV market

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Germany, Europe’s single largest auto market, saw plugin electric vehicles take 21.5% Full electric share grew, but plugin hybrid share almost halved. Overall auto volume was 206,210 units, up by some 3% YoY, but still some 18% down from pre-2020 seasonal norms. combined plugin result comprised 15.7% year on year.

Market 59
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June 2023 – Tesla Model Y was the best selling car in Sweden

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Sweden’s June auto market saw plugin EVs take 59.2% Full electrics grew share at a decent rate, while plugin hybrids retreated slightly. Overall auto volume was 28,283 units, up some 9% YoY, though still below pre-2020 norms. The Tesla Model Y was June’s best selling vehicle. plugin hybrids (PHEVs).

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June 2023 – Tesla Model Y is again the bestseller in Norway

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June saw plugin EVs at 90.9% share of Norway’s auto market, up from 89.9% Full electrics increased their share to 82.2%, with plugin hybrid share diminishing to 8.7%. Overall auto volume was 15,566 units, up 4.5% Tesla’s Model Y was yet again Norway’s best selling vehicle, almost 3x the volume of the runner up.

Norway 52