Norway February 2024: Tesla Model Y at 23.7% share, Volvo EX30 up to #4

The Volvo EX30 does an even better job in Norway than at home in Sweden. 

7,380 new cars hit Norwegian roads in February and -0.8% year-on-year loss. The year-to-date volume is up 34.5% to 12,502. BEV sales are up 7.5% to 6,647 and 90.1% share vs. 83.1% in February 2023 and 76.5% in 2022. Year-to-date, BEVs are up 53.2% to 11,364 and 90.9% share vs. 79.8% over the same period in 2023 and 79.6% in 2022. PHEVs freefall -71.7% to 147 for the month and -65.7% to 241 year-to-date and HEVs drop -23.2% to 312 and -28.8% to 476 YTD. Petrol is at 1% share and diesel 2.7%.

In the brands ranking, Tesla (+14.6%) reigns supreme with 24.1% share vs. 23.1% so far this year. It is followed by Toyota (-27.4%) and Volkswagen (-55.2%), both in a bad way as is Volvo (-33.5%) at #4. In contrast Nissan (+192.8%), Hyundai (+53.4%), MG (+133.8%) and BMW (+59.2%) all post fantastic gains. BYD (+496.2%) repeats at #12 with Subaru (+2525%), Mazda (+200%) and Kia (+179.1%) also in great shape.

Model-wise, the Tesla Model Y (+37.6%) holds 23.7% of the market as the brand’s other nameplates fail. The Toyota bZ4X (-31.5%) is back to #2 for the third time in the past 5 months despite a harsh year-on-year loss. It distances the VW ID.4 (-44.9%) also struggling. The new Volvo EX30 is up 11 spots to #4, a higher ranking than at home in Sweden (#7). Below, the Nissan Leaf (+134.7%), Hyundai Kona (+74.8%), MG 4 (+346.8%) and Nissan Ariya (+303.9%) all deliver stellar results.  

Previous month: Norway January 2024: Nissan Ariya up to record #4

One year ago: Norway February 2023: Tesla Model Y and Toyota bZ4X top market off -8.7%

Full February 2024 Top 47 All brands and Top 168 All models below.