Tesla continues to be the best selling brand in Europe, but the Volkswagen brand continues to recover.
Approximately 270,000 plugin vehicles were registered in August in Europe, +68% year over year (YoY). That’s the market’s highest growth rate since June 2021. Unfortunately, the overall market also grew fast, +21%, as it is finally recovering from a couple of bad years.
Last month’s plugin vehicle share of the overall European auto market was 30% (22% full electrics/BEVs). That result pulled the 2023 plugin vehicle share to 23% (15% for BEVs alone).
Most of the plugins’ good moment came from BEVs, which kept gaining momentum in August, growing 106% YoY. This was their first three-digit growth rate since June 2021. This is visible in the BEV vs. PHEV sales breakdown as well, with…