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Tesla is the best selling brand in Europe, but Volkswagen Group is the #1 OEM
Some 296,000 plugin vehicles were registered in March in Europe — which is down 3% year over year (YoY). Unfortunately, plugins were down even more, by 8%, but there is a simple explanation for this: Tesla’s usual last-month-of-the-quarter peak was far less intense (in fact, Tesla’s deliveries were down a staggering 35% YoY in March).
Taking 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.
March’s plugin vehicle share of the overall European auto market was 21% (14% full electrics/BEVs). That result pulled the 2024 plugin vehicle share from…
Read the full article originally published at cleantechnica.com.