Some 296,000 plugin vehicles were registered in March in Europe — which is down 3% year over year . Unfortunately, plugins were down even more, by 8%, but there is a simple explanation for this: Tesla’s usualTaking a more balanced examination of the market, which means looking at the whole quarter, plugins had the same growth rate as the overall market, +5%, so there were no real gains or losses when it comes to EV market share.
Looking at the other powertrains on the market, plugless hybrids are the fastest growing technology in 2024, and they represented 30% of the total market. Added to the 21% of plugin vehicles, one can say thatin some way. But for some to grow, others must come down, and diesel is the starkest example. Diesel vehicles had only 11% of the European passenger car market in 2024, a far cry from theThe highlight of the month was the recently introduced Volvo EX30 jumping into 3rd.
Another highlight is the BEV ramp-up of Stellantis, with the BEV versions of the Peugeot 308 and Opel Astra scoring record results and the Peugeot e-2008 crossover reaching a record 3,303 sales. Meanwhile, Mercedes saw its EQBSpeaking of Mercedes, the long-running reign of the Audi Q8 e-tron in the full size category is under attack.
In the last positions on the table, there were two new/ entries, with the VW ID.4 joining the table in #18 while the Mercedes EQA was up to #19. 3rd placed Mercedes has remained stable in its podium position, but the lead over #4 Volvo has decreased, so a lot can still happen between them.Still, we might see #6 Volkswagen return to form soon and surpass it sometime in the future.
#3 Tesla had 11.6% share, and expect the US automaker to try to go after the #2 position in March, looking to profit from Stellantis’ apparent weakness.
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