7,893 New Registrations of Electric Vehicles in Norway in May

In May, new electric car registrations in Norway continued to fall slightly to 7,893. In this way, the increase in April seems to be just a small outlier, but the most popular models remain unchanged: the Volvo EX30 is still the best-selling car in Norway in May. 

According to the Norwegian Public Roads Administration (OFV), 7,893 new electric cars were registered in Norway in May. This is 2,158 fewer than in April and 2,880 fewer than in the same period last year. Compared to the same period in 2023, the share fell from 80.8% to 77.0% of electric cars in new passenger car registrations. In April, the digit was 89.4%.

The Norwegian market as a whole affects the significant drop in the share of electric cars. New registrations of all drive types in Norway amounted to 10,253 cars, down 23.2% from the same period last year, but the decline was even greater in new registrations of electric cars, which amounted to 26.7%. In April 2024, there were 11,241 of all types are newly registrated in Norway, over 10,000 pure electric vehicles among them.

However, this also means that in May, 23% of all new registrations in Norway, or 2,360 vehicles, were equipped with an internal combustion engine. The downward trend of plug-in hybrids, which had already been seen in previous months, continued with a total of 544 PHEVs, 50.2% less than in May 2023. As a result, the market share of PHEVs in May 2024 was only 5.3%. Registrations of part-time electric vehicles fell by 64.8% this year, and the market share fell to 2.7%.

On the other hand, full hybrids saw an increase in sales: with 1,250 units sold, there was an increase of 20%, mainly due to Toyota vehicles - more on this later when looking at the individual models. Pure diesel cars also performed exceptionally strongly with 437 sales and a market share of 4.3% (3.0% this year), while petrol models remained at a normal level with 129 sales and a market share of 1.3%.

In May, the Volvo EX30 topped the model chart with 791 new registrations, followed by the Volkswagen ID.4 (741) and the Tesla Model Y (690). The overall development of the Norwegian market can also be seen from the models: in 2023, the best-selling model (usually the Model Y at that time) had sales in the four-digit range, while the runner-up also had monthly sales in the single digit. Sometimes, the Model Y accounted for more than 20% of all new registrations in a month. In May 2023, the Model Y still accounted for 6.7% and the Volvo EX30 for 7.7%. Although this is still more than all plug-in hybrids or all combustion cars combined, the situation is still clearly different from a year ago.