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The big Kia is getting some lovin' in Sweden
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(Another) Record Month
The rise and rise of the Swedish Plug-in market continues, with a record performance in November, with 2.336 units registered last month, up 80% over the same period last year, while pulling the EV Share to a record 5.2%. Will we see this market reach 5% 5.5% by year end?
YTD, sales are up 68% YoY, so we might see this market reach the 20.000 units by year end.
Looking at November Best Sellers, the podium spots have no surprises, with the leader Volkswagen Passat GTE scoring 458 units, in Second we have the Mitsubishi Outlander PHEV, confirming its popularity here (Almost 10.000 units sold so far in Sweden), while the Volvo V60 PHEV closed the podium, with a surprising 241 units, its best performance ever, which all the more relevant, considering this model has landed in the distant year of 2012.
Interestingly, two Volvo show up in the Top 5, with the #5 XC60 PHEV starting to live up to its potential by delivering a record 172 units.
Pl
|
Model
|
Sales
|
1
|
VW Passat GTE
|
458
|
2
|
Mitsubishi Outlander PHEV
|
254
|
3
|
Volvo V60 PHEV
|
241
|
4
|
Kia Optima PHEV
|
239
|
5
|
Volvo XC60 PHEV
|
172
|
Looking at the YTD models ranking, there were a few changes, with the most important being the rise of the Volvo V60 PHEV to Fifth Place, while its stablemate XC60 PHEV climbed to #11.
Underlining a good month for Volvo, the S/V90 PHEV twins also rose to #21.
On the EV manufacturers ranking, the #1 Volkswagen (27%, down 1%) has to thank the Passat GTE for pulling the weight of the leadership, with Mitsubishi (13%), Volvo, and BMW (12%), all running for Second Place.
With talks of changing incentives by mid-2018, expect a slower sales rise in the first half of the year, followed by a surge in H2 2018.
Pl
|
Sweden
|
Nov.
|
YTD '17
|
%
|
'16Pl
|
1
2
3
|
Volkswagen Passat GTE
Mitsubishi Outlander PHEV
Kia Optima PHEV
|
458
254
239
|
4.184
2.246
1.352
|
23
13
8
|
1
2
19
|
4
|
Nissan Leaf
|
9
|
969
|
5
|
6
|
5
6 |
Volvo V60 Plug-In
Renault Zoe |
241
77 |
838
813 |
5
5 |
3
10 |
7
|
BMW 330e
|
83
|
691
|
4
|
7
|
8
|
Tesla Model S
|
67
|
682
|
4
|
5
|
9
10
11
12
|
Volvo XC90 T8
BMW i3
Volvo XC60 T8
Tesla Model X
|
46
51
172
28
|
583
512
464
442
|
3
3
3
2
|
4
8
N/A
11
|
13
14
15
16
|
Volkswagen Golf GTE
BMW 225xe Active Tourer
Mercedes GLC350e
BMW X5 40e
|
74
95
31
41
|
420
379
316
312
|
2
2
2
2
|
9
12
29
13
|
17
|
BMW 530e
|
32
|
298
|
2
|
N/A
|
18
|
Volkswagen e-Golf
|
26
|
255
|
1
|
17
|
19
20
21
22
23
24
25
26
27
28
29
30
|
Mini Countryman PHEV
Hyundai Ioniq Electric
Volvo S/V90 T8
Kia Niro PHEV Toyota Prius PHV
Hyundai Ioniq PHEV
Mercedes C350e
Audi A3 e-Tron
Volkswagen e-Up!
Porsche Panamera PHEV
Nissan Evalia / e-NV200
Mercedes E350e
Others
|
44
3
66
122
14
13
5
9
4
15
4
2
11
|
244
234
195
181
176
167
154
141
103
93
73
60
233
|
1
1
1
1
1
1
1
1
1
1
0
0
1
|
N/A
N/A N/A N/A
23
N/A
18
14
16
36
21
34
|
TOTAL
|
2.336
|
17.810
|
100
|
Source: bilsweden.se
Plug-ins versus Regular Hybrids
Pl
|
Model
|
Sales
| |
1
|
Toyota Auris Hybrid
|
471
| |
2
|
VW Passat GTE
|
458
| |
3
|
Toyota Yaris Hybrid
|
309
| |
4
| Kia Niro |
261
| |
5
|
|
254
|
No big surprises this month, with the same actors as October, this time with the Toyota Auris and the VW Passat GTE running for the leadership, while the Yaris Hybrid reached Third Place.
Talks about cutting incentives for short range PHEVs? What are you talking about?
ReplyDeleteThe same incentives will be there until July 2018 when the new bonus/malus-system will be implemented.
The bonus for PHEVs will be as high or higher after that. Today you get 40k SEK for zero emission and 20k SEK for PHEVs up to 50 g/km.
The new incentive will be a linear bonus from 60k SEK for zero emission down to 10k SEK for 60 g/km vehicles.
It will be 833 SEK lower for every gram above 0.
So for example a low range Audi A3 phev at 36 g/km will get (60k-833*36) 30k in bonus up from todays 20k.
A 51 g/km PHEV would not get anything today, but 17,5k SEK next summer.
The only PHEVs getting reductions would be the ones at 49 g/km and 50g/km which would go down from 20k today to 19 167 SEK respectively 18 333 SEK. Not something that will affect sales in any way.
So it's rather the other way around. Expect lower sales (well, a lower increase than exepected, not lower sales) and then a boom for PHEVs (and a slight boom for BEVs) from next summer on.
One last example. A BMW i3 REx at 13 g/km will go from 20k in incentives today to 49 167 SEK. That is a huge increase in incentives.
Thanks for the input, i wasn't certain of the details.
DeleteI'm curious what kind of malus are we talking about? I would like Canada to implement a bonus/malus, but I don't think we will see that happen for a while...
DeleteThe malus is an increased vehicle tax for the first three years when you buy a new car. The calculations are complicated but for an efficient car the malus is almost nothing and for very inefficient cars like for example a one that used 7l/100km (~34 mpg) the malus is about 3x5k SEK (15k SEK divided on the first three years before the tax goes down to normal levels).
DeleteSo it's not much, but combined with the bonus it will be enough for many to take the plugin version of the vehicle.
In Swedish:
http://www.bilsweden.se/storage/ma/6e461cce3ef64a2c89a80ad5a22422f8/b5afaa4755cd4934a76cb5039135ad38/pdf/B867BC40BF95ACBCBB7F36705C8707FB325DDC75/BIL%20Sweden%20seminarium%2020170927%20Bonus-Malus.pdf?MediaArchive_ForceDownload=true
And if you wonder why they didn't put all the malus directly when you buy the car instead it is because Volvo protested and the weak government put it into the first three years of ownership instead to not hurt new car sales as much. Volvo knows most people can't count and what's important for many is what is says on the price tag, not the TCO.