HEV sales exceed BEV sales in Europe in the first half of 2024
- In a European market (30 countries = EU + United Kingdom + Switzerland + Norway) that reached 6,873,082 passenger cars in the first half of 2024, compared to 6,578,944 units in the first half of 2023 (representing an increase of 4.5%), the share of BEVs (battery electric vehicles) which did not exceed 14% has fallen behind the HEVs (full-hybrid cars) which reached 15%. The market share of BEVs in 2024 returns to the level of 2022, while that of HEVs jumps by 3% compared to 2023, and by 6% compared to 2022.
- This is the first time since 2012 that the market share of BEVs has decreased in Europe. This could be explained by the end of the first wave of purchases initiated by "early adopters", by the excessively high prices of battery electric vehicles for other buyers, in a context of the end of subsidies for BEVs in some countries, by the end in certain countries of ecological bonuses for the purchase of imported BEVs and undoubtedly by the lack of dedicated infrastructures (charging stations).
- At the same time, the market share of PHEVs (plug-in hybrid vehicles) as well as that of pure gasoline and diesel cars continues to decline. PHEVs see their market share drop from 9% in 2022 to 8% in 2023 and 7% in 2024. Purely petrol cars see their market share drop from 40% in 2022 to 38% in 2023 and 36% in 2024. As for pure diesel cars, they see their market share drop from 15% in 2022 to 13% in 2023 and 12% in 2024. A progress is also on MHEVs (mild-hybrids electric vehicles), a technology that is developing on thermal vehicles.