A recent survey by Swedish market research company Kantar Sifo on behalf of the online marketplace for buying and selling used cars, Kvdbil, has revealed that nearly 45 percent of Swedish car owners have plans to transition to electric cars within the next six years even though the current share of electric vehicles in the country is presently less than five percent.

The survey was conducted from January 12 to 16 this year, utilizing a web panel provided by Kantar Sifo. The panel comprised 1,020 people with cars and was selected randomly to ensure the sample accurately represented the national population.

The data shows that young and middle-aged men are more willing to switch to electric cars, with 48 percent expressing their intention to do so by 2030 at the latest. In comparison, women show a slightly lower rate of 39 percent regarding their plans for transitioning to Evs.

Among different age groups, there is a variation in the willingness to switch to electric cars. In the age range of 18 to 29 years, 52 percent expressed their intention to transition to electric vehicles, while in the age range of 30 to 49 years, the percentage increased slightly to 53 percent.

On the other hand, among those aged 50 to 64, the rate drops to 39 percent, indicating a lower inclination towards adopting electric cars. The tendency to switch to electric vehicles decreases even further in the age group of 65 to 79, with only 30 percent expressing their willingness to transition.

Regional Differences in EVs Adoption

The survey shows disparities in electric car adoption based on geographical location within the country. In particular, the metropolitan city of Gothenburg stands out with a high rate of 54 percent electric cars, making it a frontrunner in electric vehicle usage.

Gothenburg also serves as a driving force for the entire Western Sweden region, where the electric car ownership rate is projected to reach 49 percent. Similarly, Stockholm is expected to reach a rate of 49 percent electric car ownership, while Malmö is anticipated to reach 45 percent.

The transition to electric cars is anticipated to be slower in some areas of Sweden, specifically Västernorrlands and Jämtland, where the projected electric car ownership rate is 25 percent. Västerbotten and Norrbotten also have a relatively slower transition pace, with a projected electric car adoption rate of 32 percent.

According to Statista, the EVs market in Sweden is anticipated to experience significant revenue growth, with projections of reaching $11.15 billion in 2023.

It is also expected to demonstrate a Compound Annual Growth Rate of 11.70 percent between 2023 and 2028, resulting in a market volume of approximately $19.39 billion by 2028.

The unit sales of EVs are predicted to reach 288.90 thousand vehicles in 2028. The volume-weighted average price of EVs in 2023 is estimated at around $66,590.