This “Market Monitor: European Vehicle Market and Charging Infrastructure Development, January–March 2023” has been published by the International Council on Clean Transportation.
New car registrations in Europe are up 17% in the first quarter of 2023 compared to 2022, with over 2,680,000 vehicles sold. The largest manufacturers and pools showed double-digit gains during this period. At 13% of total new registrations, the average share of battery electric vehicles (BEVs) this quarter is down from 18% in the fourth quarter of last year.
The share of plug-in hybrid vehicles (PHEVs) was also lower than in 2022, decreasing to an average of 7%, compared to 10% in 2022. The Mazda-SubaruSuzuki-Toyota pool continues to have the lowest share of BEVs, at only 2% of total registrations, followed by Ford with 3%. Other than Volkswagen, with a minimal target gap of +2 g/km, all manufacturers are on track to reach their specific CO2 targets for 2023, with average over-compliance of around 10 g/km.
Access the factsheet here
