Sweden’s electric vehicle sales have flatlined this year, leaving charging stations idle nearly all the time. Industry data shows EV registrations dropped 15% in the first half of 2024 compared to 2023. The decline contrasts with neighboring countries where sales continue to rise. Analysts point to higher battery prices and reduced government incentives as key factors behind the slowdown.
The impact is visible at public charging points. On average, they stand empty 92% of the time, according to a report from the Swedish Energy Agency. This underuse mirrors a broader trend where charging infrastructure outpaces demand. Some operators now report losses and are scaling back expansion plans.
The Swedish Transport Agency confirms the trend. It says EV market share fell from 40% in 2023 to 32% in June 2024. The agency links the drop to rising electric car prices, which climbed 8% this year due to higher battery costs. Government subsidies for buyers have also been cut back.
Neighboring Norway and Denmark tell a different story. Norway saw EV sales rise 12% in the same period, while Denmark recorded a 7% increase. Both countries maintain strong incentives and lower taxes on electric vehicles. Sweden’s government has not announced new measures to reverse the trend.
Industry experts warn the gap could widen. The Swedish Association of Green Motorists says without urgent action, Sweden risks falling behind in the transition to electric transport. They call for stable policies and lower costs to revive consumer interest.
Source: tu.no