In 2023, Germany led Europe with over 1 million plug-in hybrid petrol-electric passenger cars. France followed significantly, displaying over a 50% growth from the prior year. Spain marked the highest year-on-year growth of over 120%. Smaller markets like Austria, Finland, and Denmark saw substantial increases, emphasizing an expanding interest across Europe. However, major markets like the UK and Luxembourg remained stable. Notably, Norway displayed conservative growth despite its strong electrification framework.
Future trends suggest further diversification with potential boosts in Eastern Europe and smaller EU nations, driven by policy shifts and technological enhancements favoring eco-friendly transportation solutions. Watch for increasing competitiveness and innovation in battery technology.
Top countries in Number of Plug-In Hybrid Petrol-Electric Passenger Cars by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,086,200 | 2023 | +35.37% | View data | |
| 2 | 2 France | 522,990 | 2023 | +28.64% | +51.03% | View data |
| 3 | 3 United Kingdom | 308,480 | 2021 | View data | ||
| 4 | 4 Sweden | 276,290 | 2023 | +21.46% | +43.48% | View data |
| 5 | 5 Switzerland | 239,340 | 2023 | +26.26% | +29.9% | View data |
| 6 | 6 Netherlands | 207,830 | 2023 | +23.08% | +27.93% | View data |
| 7 | 7 Norway | 184,090 | 2023 | -4.76% | +15.47% | View data |
| 8 | 8 Spain | 156,350 | 2023 | +38.48% | +122.39% | View data |
| 9 | 9 Finland | 128,450 | 2023 | +26.96% | +60.07% | View data |
| 10 | 10 Denmark | 87,580 | 2023 | +27.94% | +72.73% | View data |
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