For the trailing quarter, the long term favourties, Kia Niro, and ID.4, are still leading, though now the Tesla Model Y has replaced the Tesla Model 3 in 3rd spot. Local heros the Volvo XC40 and Polestar 2 fill out the top 5. There’s no significant surprises in the rest of the table, most of the faces are the same ones we’ve seen over recent months.
Plugins have the advantage of allowing owners to avoid dramatic road-fuel price increases, which will boost their demand relative to combustion vehicles. However, plugins’ supply chains also face disruption, and given their premium sticker price, overall economic woes for consumers will affect their demand, in absolute terms. They should nevertheless take share from new combustion vehicle sales, even if absolute sales volume is not spectacular compared to last year.
Since many of Sweden’s top selling BEVs are currently manufactured in Asia their supply chains for components, materials, and energy, may face somewhat less disruption . Unfortunately for Europeans, any sustained energy price shock in Europe will not help the case for international OEMs to localize their manufacturing in Europe. Especially not in the auto sector and other sectors of heavy industrial manufacturing which require large amounts of energy and raw materials, both of which are now much more costly in the region.
Given current uncertainties, it’s difficult to forecast the automarket over coming months. In general, as noted above, plugins will be more heavily favoured by new vehicle consumers, over combustion vehicles, which should accelerate their continuedWhat are your thoughts on Sweden’s auto market prospects? Please join in the conversation in the comments.
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