In 2023, Italy led European hybrid electric vehicle registrations at 528.81K, showing a 45.17% increase from the previous year. The United Kingdom and Germany followed suit, reflecting impressive gains of 40.4% and 38.4% respectively. France and Spain saw moderate increases, while Poland experienced the highest growth at 49.02% among larger markets. The three countries with the lowest registrations were Bulgaria, Latvia, and Lithuania, highlighting regional disparities. Norway was the only country with a decline, marking a -7.9% change.
Future trends to watch include the potential for hybrid technology advancements, increased government incentives aimed at reducing emissions, and evolving consumer preferences toward electric vehicles, affecting registration patterns across Europe.
Top countries in Hybrid Electric Vehicle Registrations by Country
# | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Italy | 528,810 | 2023 | +17.51% | +45.17% | View data |
2 | 2 United Kingdom | 517,450 | 2023 | +7.8% | +40.4% | View data |
3 | 3 Germany | 501,780 | 2023 | +7.86% | +38.4% | View data |
4 | 4 France | 393,640 | 2023 | +18.33% | +33.79% | View data |
5 | 5 Spain | 290,900 | 2023 | +21.47% | +30.87% | View data |
6 | 6 Poland | 175,640 | 2023 | +28.25% | +49.02% | View data |
7 | 7 Netherlands | 89,670 | 2023 | +15.13% | +31.29% | View data |
8 | 8 Switzerland | 67,950 | 2023 | +21.1% | +43.2% | View data |
9 | 9 Hungary | 47,440 | 2023 | +11.61% | +53.09% | View data |
10 | 10 Austria | 46,610 | 2023 | +14.09% | +45.52% | View data |
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