00:00If you listen to mainstream legacy media, you've heard the flight of headlines screaming that EV
00:05demand is dead in Europe, or at least it's going down. They said that basically every month last
00:10year. They said the market was collapsing, buyers are running back to petrol, and the transition
00:14was stalling. You know, I think it was pretty much all false information. However, looking at the real
00:22data, we see that as of the end of May 2026, EV sales have increased rapidly over the past five
00:31months. In fact, they haven't just risen, they have surged, and market share has leaped substantially.
00:39Now, start with the one that might stop you in your tracks. Norway is now at 98% of all
00:44new cars
00:45registered, being fully electric, up from 94% last year. However, you probably all know about Norway.
00:51What about Denmark? Denmark is now at 78.7%. But of all privately owned EVs, so vehicles are actually
01:00bought by regular people, they're actually at 95.8%. So Denmark hits 95.8% private buyers.
01:09And that means that they have become the second highest EV adoption country in the world.
01:16France is the big one because it's a huge car market though. 128,500 new cars were registered
01:23in May. EVs took 29% market share, nearly double the 16% they took one year earlier. When a
01:33market
01:33that size moves that fast, it drags the whole continent with it. The pattern is repeating everywhere,
01:39guys. It's pretty cool, actually. The Netherlands, 41.3%. Belgium, 37.3%. Sweden, 41%. Finland, 48%.
01:51Up from 34%. Swiss or Switzerland, 23%. Spain, 23%. Italy, historically a laggard,
02:01saw registrations increase 76% to a 19% share. On the Electric Viking website, I'll put a link in
02:10the
02:10description below. We have more articles about electric cars and battery technology than any other
02:16website that I'm aware of in the world. So check that out. Link is in the description. And there you'll
02:23find our videos and analysis and articles about everything going on in the EV world. Portugal was the
02:29odd one out though. EV registrations actually rose 37%. The total market though grew 84%. So EV share
02:39slipped from 32% down to 25%. That was the only one in Europe where EV market share went down.
02:47So what's
02:48driving this? Well, the answer is pretty simple. The arrival of next generation, more affordable, more
02:54efficient, and better EVs. Buyers are realizing the total cost of ownership makes legacy combustion
03:00completely unviable and just stupid. Why would you buy? I think a lot of people are seeing what's
03:06happening in Norway. They're looking at, you know, people who bought some sort of premium internal combustion
03:12car. Might be an Audi, might be a Porsche, might be a BMW. They bought one, say, a few years
03:17back. It might have
03:18cost them 100k. Thought, you know what, I'm going to splash out, enjoy life. And then looking at their
03:23resale value now, and it's just tanked. I mean, guys, if 98% of buyers are buying EVs, no one's
03:29buying
03:29those old used petrol cars. The Tesla Model Y still leads in Europe. Built locally at the Gigafactory in
03:36Berlin. But the real shift is coming from lightweight, localized engineering. Take the new electric Renault 5.
03:42It's flooding European cities. It's built on the new AMPR small platform. It weighs pretty good weight,
03:50actually. It's only 1,350 kilos. Less than many petrol hatchbacks. It has over 400 kilometers of range.
03:56It starts at a price under 25,000 euros. Still not super cheap, but it's a pretty good car for
04:03the money.
04:04Then there's the Stellantis Citroen EC3. It uses ultra-affordable lithium-ion phosphate batteries,
04:10and that really helps to bring down the price of that vehicle. Not just that vehicle, but a lot
04:15of other EVs now that are using LFP as well. Here's what the media kind of missed. They saw
04:21heavy 2.5 ton luxury electric SUVs at sky-high prices and decided EVs couldn't scale because of
04:28that. But now that more lightweight, more structurally optimized, affordable B-segment cars
04:34are hitting showrooms, mass market buyers are switching very quickly. Very, very quickly.
04:40This is just a single month. Notice the plug-in hybrids are softening too, though. Sweden's
04:47FEV share fell 7 percentage points. France's plug-in hybrid sales fell to only 6%. So EV sales are
04:55basically 30%. Plug-in hybrids are only 6%. That's in spite of the fact that China is flooding the
04:59market with really good FEVs that are cheaper than EVs. People are skipping the halfway house and going
05:06straight to full electric. Really interesting that, isn't it? We're seeing the same sort of
05:10thing play out in China, actually, where EV sales massively outpace hybrid sales. Now, at the same
05:16time, charging has hit a tipping point. High-power DC networks have expanded along major corridors
05:23through Europe. So basically, driving a fast-charging EV is now much more convenient. Charging them is just so
05:30much more simple. You don't have to wait around. There's charges everywhere. And they're cheaper
05:35as well. It's much cheaper also than paying petrol prices that are over €2 a litre. And that's not
05:42going to change. The takeaway is this. The anti-EV narrative was kind of a manufactured blip last
05:47year. In fact, EV sales last year didn't decline in Europe. But the media tried to make us believe
05:52that they were, so it stopped buying them or so that Europeans will stop buying them. For us here in
05:59Australia, though, Norway hitting 98% isn't, it's not just a fun fact. People think it is. But it's
06:07actually a roadmap for where we're headed. Denmark, they're almost there, like Norway. For us, the same
06:14thing will happen. Now, I know a lot of people hate this. A lot of people can't stand the fact
06:17that
06:18we're all going to be, we're going to be 100% EV. But it's really just a matter of time.
06:24If you like
06:25this video, please like it because that helps the channel. Thank you for watching. Bye bye.
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