Germany has become an important market for PHEV
Sweden plays a more important role in the conversion towards electrical cars than expected and in the European Electric Car Report by analyst Matthias Schmidt, we can see that Sweden is at the top with almost 36 percent market shares of BEV and HEVs. Thanks to strong subsidies, German car manufacturers are set to sell more chargeable cars.
While the German car market accounted for just one-quarter of total passenger car registrations across 18 West European markets during the opening quarter of the year, its xEV plug-in passenger car new registrations volume accounted for one third (32%). The actual PHEV and BEV market penetration level in Germany itself (21.7%) was higher than the market average (16%) over the same period. This made it the largest non-nordic EU market when it comes to new passenger car plugin penetration.
The Nordic markets Sweden (35.6%), Finland (25.9%) and Denmark (24.0%) had higher xEV penetration levels, as well as non-EU markets Norway (82%) and Iceland (51.5%). A strong contribution to the growing market of electrical cars in Sweden is of course the fact that from April a BEV in Sweden receives a subsidy of SEK 70,000 (€6,900), a SEK 10,000 increase. The greatest demand in electrical cars are for SUV and crossover models.
The German subsidies mainly benefit more affordable electrical cars as the small car e-Up. The most popular brand in the first quarter in the whole of Europe was Tesla.
BEV: Battery Electric Vehicle
HEV: Hybrid Electric Vehicle
PHEV: Plugin Hybrid Electric Vehicle
xEV: 100% electrical
Photo: Andrew Roberts/Unsplash