In September, plug-in electric car sales in Europe continued to increase year-over-year, although the rate of growth was quite disappointing.
According to EV Volumes data shared by researcher Jose Pontes, 288,459 new plug-in electric cars were registered in Europe, which is 15 percent more than a year ago. For comparison, the general market noted an 11 percent increase year-over-year. 35kv Cold Shrinkage Terminal Head
We guess that the main reason behind a slower growth rate is the slowdown in Germany (the single largest market in the region), caused by the end of EV incentives for business buyers.
Nonetheless, rechargeable cars maintain a relatively solid market share of 25 percent (still about three times higher than in the United States).
Plug-in car registrations for the month (YOY change):
*Estimated from the market share
So far this year, more than 2.2 million passenger plug-in electric cars have been registered in Europe, which is about 23 percent of the total market.
*Estimated from the market share
For reference, in 2022, more than 2.6 million new passenger plug-in electric cars were registered in Europe (about 23 percent of the total volume).
The Tesla Model Y remains the best selling plug-in electric car in Europe for the eleventh consecutive month. In October, the model noted 34,378 new registrations.
Interestingly, the SAIC MG4 happened to be the second most popular model (7,501 units), slightly ahead of the Skoda Enyaq iV (7,393) and Audi Q4 e-tron (6,867).
After the first nine months of 2023, the Tesla Model Y remains a lone leader, while the Tesla Model 3 is trying to defend its second position (waiting for its Highland reinforcements) from the approaching Volkswagen ID.4.
The MG4 has become Europe's best selling all-electric hatchback by overtaking the Volkswagen ID.3 in October. Let's note that this is a Chinese model.
Tesla has slightly strengthened as the most popular plug-in car brand in Europe, by registration volume, although the Volkswagen Group is beyond reach for any other automotive group (when counting BEVs and PHEVs together).
Top brands by share in the plug-in segment in January-September:
Top automotive groups by share in the plug-in segment in January-September:
Source: Jose Pontes (EV Volumes data) - CleanTechnica
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