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Makings EVs Great Again — EV Share jumps to 33% in Europe!
Thanks to a number of factors (new models, high gas prices, mass arrival of Chinese models, etc.), EVs have picked up again in Europe. Close to 385,000 plugin vehicles were registered in Europe in April, 262,000 of them being pure electrics (BEVs). Overall, plugin vehicles were up 35% YoY.
The overall market also had a positive month in April, rising 7% YoY to over 1.1 million units. That improved the YTD performance and brought it back into positive numbers, +5% YoY.
Looking at the April powertrain breakdown, one can see that ICE vehicles are melting (with petrol down 15% YoY, to 22% share, and diesel down 17% YoY, to 7% share) and plugless hybrids are now the most popular powertrain (36%), still managing to grow slightly above the market average (+13%). However, it’s really plugins that are the ones pulling the market upwards — with BEVs surging 42% to 23% share and PHEVs going up 23% to 10% share.
