In 2023, Germany led European PHEV registrations, reaching 431,470 units with a 75.63% annual growth. France followed at 139,740 units, experiencing a 65.58% increase. The UK saw a 33.36% rise to 110,650 units. Italy demonstrated strong growth, up 84.0% to 74,340 units. Notably, Greece displayed a 119.82% surge to 6,770 units. Latvia witnessed the highest percentage growth at 148.01%, albeit from a smaller base.
Future trends to watch include:
- Germany's continued dominance with potential market saturation.
- Emerging growth in Southern and Eastern Europe where penetration remains low.
- Technological advancements influencing PHEV adoption across Europe.
- Policy shifts promoting greener automotive technologies.
Top countries in Plug-in Hybrid Electric Vehicle Registrations by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 431,470 | 2023 | +19.16% | +75.63% | View data |
| 2 | 2 France | 139,740 | 2023 | +10.42% | +65.58% | View data |
| 3 | 3 United Kingdom | 110,650 | 2023 | +9.11% | +33.36% | View data |
| 4 | 4 Italy | 74,340 | 2023 | +13.35% | +84% | View data |
| 5 | 5 Belgium | 70,980 | 2023 | +19.73% | +68.05% | View data |
| 6 | 6 Sweden | 70,890 | 2023 | +6.42% | +30.01% | View data |
| 7 | 7 Spain | 57,150 | 2023 | +19.59% | +66.52% | View data |
| 8 | 8 Netherlands | 43,930 | 2023 | +27.3% | +73.01% | View data |
| 9 | 9 Norway | 26,860 | 2023 | +66.57% | +8.62% | View data |
| 10 | 10 Denmark | 26,580 | 2023 | +0.51% | +61.75% | View data |
Latest reports
US Electric Vehicle Market Report- Q4 2024
The fourth quarter of 2024 marked a significant period for the Electric Vehicle (EV) market in the United States, characterized by robust growth...
China Electric Vehicle Market Report- Q4 2024
In the fourth quarter of 2024, China's electric vehicle (EV) market continued to dominate the global landscape, capturing an unprecedented 76% of market...
Japan Electric Vehicle Market Report- Q4 2024
Japan's electric vehicle (EV) market experienced significant momentum in Q4 2024, driven by advancements in technology, strategic partnerships, and supportive government policies. The...
Germany Electric Vehicle Market Report- Q4 2024
The German electric vehicle (EV) market is experiencing significant transformations as it navigates various economic and regulatory challenges. Despite a slight economic downturn...
India Electric Vehicle Market Report- Q4 2024
In the fourth quarter of 2024, the electric vehicle market in India experienced dynamic growth, fueled by advancements in battery technology, increased consumer...
UK Electric Vehicle Market Report- Q4 2024
The fourth quarter of 2024 marked a pivotal period for the UK electric vehicle (EV) market, characterized by robust growth in battery electric...
France Electric Vehicle Market Report- Q4 2024
The fourth quarter of 2024 witnessed significant developments in the Electric Vehicle (EV) market in France, characterized by dynamic changes driven by consumer...
Canada Electric Vehicle Market Report- Q4 2024
The electric vehicle (EV) market in Canada continues to experience significant growth in Q4 2024, driven by advancements in technology, strategic government incentives,...
Brazil Electric Vehicle Market Report- Q4 2024
The electric vehicle (EV) market in Brazil during the fourth quarter of 2024 experienced notable growth across various segments, driven by increased urban...
Italy Electric Vehicle Market Report- Q4 2024
The electric vehicle (EV) market in Italy during the fourth quarter of 2024 is characterized by a mix of challenges and opportunities, primarily...
