Some 202,000 plugin vehicles were registered in February in Europe — which is +10% year over year . Unfortunately, it was the same growth rate in the overall market, +10%, so there were no real gains when it comes to EV market share.
Looking at the rest of the February table, the highlights go to two record performances. The #9 spot of the Volvo EX30 was celebrated as the first of many in the top 10 for the compact crossover, thanks to a record 3,675 sales, and expect theVolvo crossover to continue climbing in the table, with top 5 presences likely in the next couple of quarters.
Below the top 20, there wasn’t much to talk about, with the highlight being the new-generation Hyundai Kona EV. With 2,076 deliveries in February, it is looking to return to the table soon., with the Tesla Model Y having twice as many deliveries as the runner-up Tesla Model 3, the attention is now focused on the remaining podium positions.
Still in the top 20, the Renault Megane EV was up to 17th. An important absence is the VW ID.4, 3rd in 2023. Due to a slow start to this year, it is still off the table. Maybe March will bring it onto the best sellers table?, Tesla is leading with a comfortable 11.6% share of the plugin market, while BMW is in the runner-up position with 10.2%, down 0.1% compared to the previous month.
A sign of the current times, all top 5 brands are premium makes, with the best selling mainstream brand, Volkswagen, only in 6th., Volkswagen Group was down to 19.5%, from 20.5% in January, keeping a comfortable lead over runner-up Stellantis .
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