In 2028, battery-electric vehicles are forecast to amount to triple the market size of plug-in hybrid electric vehicles in the Nordic countries. PHEVs are projected to generate some 11.5 billion euros in revenue that year, up from some 8.5 billion euros in 2022.
Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028
(in billion euros)
Nordic countries include Denmark, Finland, Iceland, Norway, and Sweden.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models. The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
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Statista. (September 1, 2023). Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028 (in billion euros) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/
Statista. "Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028 (in billion euros)." Chart. September 1, 2023. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/
Statista. (2023). Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028 (in billion euros). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/
Statista. "Electric Vehicle Revenue in The Nordic Countries by Propulsion Type from 2016 to 2022, with a Forecast through 2028 (in Billion Euros)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/
Statista, Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028 (in billion euros) Statista, https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/ (last visited November 24, 2024)
Electric vehicle revenue in the Nordic countries by propulsion type from 2016 to 2022, with a forecast through 2028 (in billion euros) [Graph], Statista, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1477343/nordics-electric-vehicle-revenue-forecast-by-propulsion/