EVs At 65.4% Share In Sweden – Incentive Scheme Incoming

Assist CleanTechnica’s work by a Substack subscription or on Stripe.

November’s auto gross sales noticed plugin EVs at 65.4% share in Sweden, up from 61.7% year-on-year. BEVs have been up in share, whereas PHEVs have been flat. General auto quantity was 21,016 items, down by some 15% YoY. The Volvo EX40 was the best-selling BEV.

November’s auto gross sales confirmed mixed plugin EVs at 65.4% share in Sweden, with full electrics (BEVs) at 40.4% and plugin hybrids (PHEVs) at 25.0%. These figures evaluate YoY towards 61.7% mixed, 36.3% BEVs and 25.4% PHEVs.

BEVs truly fell in quantity by 6% YoY, however the general market (primarily led by ICE automobiles) fell by extra, so BEV share improved. A bit of the autumn in YoY BEV quantity is attributable to the Tesla Mannequin Y delivering ~850 items much less YoY. Whether or not this is because of provide delays or demand discount for Tesla, we are going to know extra by the tip of December. The general YTD BEV quantity is up by round 7% in comparison with YTD 2024, although nonetheless 10% down from 2023 YTD.

There might also now be some holdback of BEV gross sales (a minimum of by some patrons) forward of new authorities incentives which have been not too long ago confirmed for H1 2026. These will solely goal decrease earnings shoppers in rural areas, however will give a slight increase to the general BEV market.

Mixed combustion-only share was near a report low, at 21.8%, with quantity over 30% down YoY.

Finest-Promoting BEVs

The Volvo EX40 was once more the highest vendor in November, its fourth time within the prime spot over the previous 5 months.

The Volkswagen ID.7 got here second, and the Kia EV3 got here third. This was the identical prime 3 as October (and August).

Aside from some month-to-month variation within the quantity of well-established fashions, on account of worldwide batch delivery, there was not a lot change within the prime 20. There have been, nevertheless, two outliers in November with robust performances. The Renault 5 noticed its highest quantity, with 198 items and thirteenth spot. The brand new Mercedes CLA sedan additionally noticed report quantity with 146 items, and climbed to 18th.

There have been additionally 3 debutants arriving within the Swedish market in November. The brand new Kia EV5 made a robust preliminary impression with 76 items, and can climb from right here. Its look resembles a downsized model of the Kia EV9, with a size of 4,610 mm.

One other Kia, the PV5 additionally debuted, with 55 items. The PV5 is a multifunctional automobile, able to each passenger use, and in addition varied business configurations, related in idea to the VW ID. Buzz. It’s related in size to the EV5, at 4,695 mm. Each of those Kias get monetary savings by sticking with a 400V structure, not like a few of their dearer E-GMP siblings.

The opposite debutant was the Suzuki Vitara, which delivered a extra modest 29 preliminary items. We’ve coated Vitara elsewhere. It’s primarily a compliance automobile and is probably not aggressive within the European market except Suzuki are keen to low cost it to attain compliance-aiding volumes.

Let’s now flip to the 3-month chart:

Right here, the Volvo EX40’s constant month-to-month lead is clear, standing head and shoulder above any rivals. The VW ID.7 is available in second, and the Tesla Mannequin Y comes third.

There aren’t any all-new entries into the highest 20, simply variations in already acquainted faces. We are able to anticipate to see the Mercedes CLA be part of the desk over the subsequent couple of months (at present in twenty fourth after simply 3 months of quantity gross sales).

Within the coming months the EV4 would possibly be part of the highest 20 although it could threat being barely diluted by the EV5. Collectively, nevertheless, and with the favored EV3, EV6 and EV9, Kia will definitely obtain good market share, competing intently with market leaders Volvo and Volkswagen.

Outlook

The brand new BEV ingenious scheme coming in early 2026 will give a fine addition to Sweden’s EV transition. The scheme is relevant to each new purchases and to used BEVs. This design will give a raise to used BEV values, considerably encouraging present BEV house owners (even these outdoors the scheme) to contemplate upgrading from their present BEV to a brand new one.

The Swedish macroeconomy noticed a current upswing, with Q3 2025 recording 2.6% YoY GDP development, up from 1.9% in Q2 (these figures have been retrospectively revised not too long ago). Headline inflation has not too long ago dropped dramatically from 0.9% to 0.3%. Rates of interest have been flat at 1.75% since late September. Manufacturing PMI slowed barely to 54.6 factors, from 55.1 factors in October.

What are your ideas on the EV transition in Sweden? What increase would possibly we anticipate from the focused incentive scheme in 2026? Please share your feedback and ideas within the dialogue beneath.