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Global plugin vehicle registrations were up 3% in February 2024 compared to February 2023. There were 830,000 registrations, making it possibly the last month with fewer than one million sales per month ever for plugin electric vehicles. BEVs were down by 6% YoY, but there’s no reason to sound the alarm, as this had more to do with the Chinese New Year celebrations happening in February, thus slowing down the largest EV market in the world, than anything else.
In the end, plugins represented 13% share of the overall auto market (8% BEV share alone). This means that the global automotive market remains in the Electric Disruption Zone.
Year to date, plugin electric vehicle market share was at 14% (9% BEV).
Full electric vehicles (BEVs) represented 64% of plugin registrations in February,…
Read the full article originally published at cleantechnica.com.