Forecast: Number of Electric Passenger Cars in Sweden

The electric passenger car market in Sweden has experienced remarkable growth from 2013 to 2023, reaching 282.19 thousand units in 2023, marking a significant year-on-year increase of 42.73% compared to the previous year. Throughout this decade, compounded annual growth rates (CAGR) have depicted robust development, particularly evident in the years 2021 and 2022 with CAGRs of 71.02% and 78.1% respectively. Looking toward the future, from 2024 to 2028, the market is expected to maintain a positive trajectory with a projected 5-year CAGR of 13.7%, anticipating a 90.02% growth in this period, leading to 697.06 thousand units by 2028.

The main trends to watch in the coming years include technological advancements in battery efficiency, increased investments in charging infrastructure, and supportive government policies aimed at promoting electric vehicle adoption. Additionally, consumer awareness and environmental concerns are likely to further drive the demand for electric passenger cars in Sweden.