Forecast: Number of Hybrid Electric-Petrol Passenger Cars in the Netherlands

The number of hybrid electric-petrol passenger cars in the Netherlands saw a significant rise from 114.08 thousand in 2015 to 540.69 thousand in 2023. This constituted an impressive compound annual growth rate (CAGR) of 28.51% over the past five years. Year-on-year growth varied, peaking notably in recent years with 33.33% in 2021 and 32.43% in 2022. Forecasts from 2024 onwards suggest a moderating, yet steady growth rate, with an anticipated compound annual growth rate (CAGR) of 10.28% and a total growth rate of 63.14% by 2028.

Key trends to watch for include:

• Continued investment and incentives from the Dutch government in hybrid and electric vehicle technologies.
• Advancements in battery technology that could enhance hybrid vehicle efficiency and consumer attractiveness.
• The impact of rising fuel costs and environmental regulations, which could spur further hybrid vehicle adoption.
• Potential shifts in consumer preferences towards fully electric vehicles as infrastructure improves and challenges associated with hybrids are better addressed.