This market spotlight “Europe’s Electric Vehicle Market Leaders: Denmark, Sweden, and Finland” by The International Council on Clean Transportation focuses on the electric vehicle (EV) markets in Denmark, Sweden, and Finland, which rank among the leaders in Europe in terms of EV shares of new passenger car registrations. The spotlight highlights key trends in EV adoption and examines policy measures and market characteristics that are likely to shape EV uptake in these countries. While Denmark, Sweden, and Finland are characterised by high economic prosperity, which may set them apart from other regions, their policy frameworks and strategies still offer transferable lessons.
In the first five months of 2025, EVs made up 66% of new car registrations in Denmark; among new passenger car registrations, 63% were BEVs and 3% were PHEVs. Compared with January to May 2024, BEV registrations rose by 55% while PHEV registrations fell by 34%.
In the first five months of 2025, EVs accounted for 60% of new passenger car registrations in Sweden; among new passenger car registrations, 34% were BEVs and 26% were PHEVs. Compared with the same period in 2024, BEV registrations increased by 18% and PHEVs by 15%.
In the first five months of 2025, EVs accounted for 56% of new passenger car registrations in Finland; among new cars registered, 34% were BEVs and 21% were PHEVs. Compared with the same period in 2024, BEV registrations increased by 18%, while PHEV registrations declined by 6%. The total car market shrank by 8%.
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