Summary
- 268,000 plug-in vehicles registered in Europe in November, with 2% decrease YoY
- BEVs grew 1% YoY to 185,000 units, while PHEVs fell 9% to 83,000 units
- Plugin vehicle share of European auto market reached 25%, with 18% being full electrics/BEVs
- Model Y led in November, followed by Skoda Enyaq, Tesla Model 3, VW ID.4, and Volvo EX30
- Top selling brands in Europe included Tesla, Skoda, VW, Volvo, and Mercedes
Article
In November, 268,000 plugin vehicles were registered in Europe, with BEVs growing by 1% year over year to 185,000 units, while PHEVs declined by 9% to 83,000 units. The plugin vehicle share of the overall European auto market reached 25%, with 18% of that being full electrics/BEVs. The 2024 plugin vehicle share stood at 22%, with BEVs alone accounting for 15% through November. Looking at the breakdown between BEVs and PHEVs, pure electrics represented 69% of plugin sales in November, somewhat above the 2024 tally. With new models and CO2 ceilings in Europe, the behaviors of BEVs and PHEVs in the market will be interesting to watch next year.
In terms of vehicle rankings in November, the Tesla Model Y reclaimed the top spot in Europe, with 16,618 registrations, despite an 8% year-over-year decrease. Behind it was the Skoda Enyaq with 9,936 registrations, marking a 17% growth. The Tesla Model 3 came in third with 8,663 registrations, a 50% decrease year over year, attributed partially to last year’s launch of the refreshed version. Other models in the top 5 included the VW ID.4 and the Volvo EX30. With new models and competition entering the market, the rankings of these vehicles may shift in the coming year.
Volkswagen had multiple representatives in the top 20, with models like the ID.4, ID.7, ID.3, and Tiguan PHEV performing well. Mercedes also had a positive month, with the EQA and EQB models ranking in the top 20. Renault achieved a milestone by placing two models in the top 20 for the first time in years. Notably, five new models entered the top 20 rankings in November, reflecting the ongoing evolution of the market. Additionally, BYD’s Seal U model showed promise with a record number of registrations, hinting at the potential success of Chinese PHEVs in Europe in the future.
Looking ahead to 2024, the Tesla Model Y is poised to maintain its lead as the best-selling plugin vehicle in Europe, with the Model 3 securing the runner-up position. Competition is expected to intensify in 2025, posing challenges for the Model 3. The Volvo EX30 may face difficulties holding onto its third position, with the Skoda Enyaq showing strong performance and potential for a podium finish. Changes in rankings included the BMW iX1 climbing to 9th place and the MG4 falling to 10th. Overall, the market is dynamic and evolving, with new models and increased competition driving shifts in the rankings of plugin vehicles in Europe.
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