Electric car sales in Europe hit a bit of a snag in March compared to last year. Sales dropped about 8%, but that’s because March 2023 was a particularly strong month. The first quarter of 2024 still shows a 5% increase in electric car sales compared to the same period in 2023.
Here’s a breakdown of the numbers:
Almost 300,000 new electric cars were registered in Europe in March, making up about 21% of the total car market (which is down a bit from 23% last year).
Fully electric cars (BEVs) account for about 14% of the market, while plug-in hybrids (PHEVs) make up 7%. Interestingly, sales of regular hybrids (HEVs) that don’t plug in actually went up 20%!
Looking at the first quarter of 2024, over 700,000 electric cars were registered, which is still a healthy 21% of the total car market share.
As for specific models, the Tesla Model Y remains the best-selling electric car in Europe, but its sales are down slightly compared to last year. The Tesla Model 3 is still popular, too, but the real story of March was the all-new Volvo EX30. This new electric car rocketed to third place in sales!
