For many drivers, electrification still begins with plug-in hybrids (PHEV). Belgium is now Europe’s number one plug-in hybrid country, with market share set to reach 20% so far in 2023. In several European countries, PHEV market share continues to grow, but the question is by how much. time. In Europe’s largest car market, Germany, its market share plummeted from 14% in 2022 to just 6% in the first three quarters of this year following the end of tax support for hybrids. In other countries, such as the Netherlands, the popularity of hybrids has also declined.
In three of the top five countries, the share of PHEVs in total new car registrations began to decline in 2022 to the benefit of BEV shares, although in Germany, conventional car sales also benefited from the end of support measures for PHEV cars. . However, manufacturers are being forced to step up as they face a new emissions hurdle of 93.6 CO2/km for average production in 2025. Market share may therefore of PHEVs has already peaked at 9% last year.
