Forecast: Hybrid Electric Vehicle Registrations in the Netherlands

The annual registrations of hybrid electric vehicles (HEVs) in the Netherlands have demonstrated notable growth over the years, standing at 89.67 thousand in 2023. From 2014 to 2023, there is a discernible rising trend with some fluctuations, notably a significant dip in 2016 followed by strong recovery and growth thereafter. The year-on-year variation for 2023 was 15.13%. Over the last two years, the sector recorded a compound annual growth rate (CAGR) of 31.29%, reflecting robust market momentum.

Forecasted data predicts continued growth, reaching an estimated 146.53 thousand units by 2028. This suggests a 5-year CAGR of 7.67% from 2024 onwards, highlighting a steady, albeit slower, growth trajectory compared to previous years. The forecasted 5-year growth rate stands at 44.69%.

Future trends to watch for include advancements in hybrid technology, increasing consumer demand for eco-friendly vehicles, and supportive government policies which may further spur growth in HEV registrations. Additionally, the increasing charging infrastructure and competitive pricing may play pivotal roles in shaping the market dynamics.