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Tesla and the Chinese push the market upwards — EV Share Jumps to 37% in Europe!
Thanks to a number of factors (new cheaper models, high gas prices, mass arrival of Chinese models, etc.), EVs are currently in high demand in Europe. Some 366,000 fully electric vehicles were registered in Europe in June, which is not only a 50% increase YoY, and the fastest growth rate this year, but also a new BEV record!
Overall, plugin vehicles were up 41% YoY, dragged down by plugin hybrids, which grew only 23%, thus placing June’s plugin share at 37%.
This difference in growth is also visible in the BEV vs. PHEV sales breakdown, with BEVs having 71% of all plugin sales in June. That placed their yearly average at 69%, which is their highest share since … 2012! Yep, like in China, it seems PHEVs are starting to lose the race to their BEVs counterparts…
