Headline Target: No sales of vehicles producing CO2 by 2035 (EU phase-out)

Car Manufacturing Country: Koenigsegg AutoMotive AB, Volvo Car Corporation.

Purchase Incentives for Cars: Scrappage scheme, road tax reduction. Exclusive incentives: company car tax reduction.

Supplier Regulation Policy: EU emissions performance standard (Tightening CO2 regime)

Infrastructure Incentives: Tax deductions for home charging units, grants for installing chargers in multi-occupancy buildings and workplaces.

The EV market share consistently represents the largest single section of the new car market in Sweden, with hybrids in second. 

Despite this the country has been failing to grow this share significantly. Some pointed to the decision in 2022 to get rid of incentives. Despite improvements in market share since then there was a feeling amongst stakeholders that further advancements were being held back by the lack of incentives. Policy makers in 2024 announced a new scrappage scheme to help motorists with the upfront cost of the vehicle which is hoped to invigorate growth once more.

Sweden is investing heavily in their pursuit of the EU’s 2035 and investing in innovation in the market such as building e-highways which allow EVs to charge as they drive along them.