Europe: Plug-In Car Sales Growth Slowed Down In September 2023

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Europe: Plug-In Car Sales Growth Slowed Down In September 2023
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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. We guess that the main reason behind a slower growth rate is the slowdown in Germany , caused by the end of EV incentives for business buyers. Nonetheless, rechargeable cars maintain a relatively solid market share of 25 percent .

Results for the month: Tesla Model Y - 34,378 MG 4 - 7,501 Skoda Enyaq iV - 7,393 Audi Q4 e-tron - 6,867 Peugeot e-208 - 6,582 Fiat 500 electric - 6,105 Volvo XC40 - 6,052 Volkswagen ID.4 - 5,792 Ford Kuga PHEV - 5,371 Kia Niro - 5,298 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 from the approaching Volkswagen ID.4.

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