Germany has regained its position as Europe's leading BEV market
- Even if Germany had fallen behind the United Kingdom in the European market for battery electric vehicles in the first quarter of 2024 (following the end of subsidies granted by the German government on the purchase of battery electric vehicles), this country regained its leading position over the first 9 months of 2024, with 276,390 units (down 28.6% compared to the first 9 months of 2023) ahead of the United Kingdom (269,931 units, +13.2 %) and France (216,841 units, +6%).
- However, BEVs represent only 13% of the German market in the first 9 months of 2024, compared to 18% in the first 9 months of 2023, while in the United Kingdom they now represent 18% of the market and 17% In France.
- All European countries combined, BEVs represent 14.7% of the European market over the first 9 months of 2024, compared to 15.2% over the first 9 months of 2023, with a volume of 1,433,225 units compared to 1,472,190 units respectively.
- In terms of market share, Germany, the United Kingdom and France, the three countries which buy the most of BEVs in Europe, remain in the middle of the pack, far behind the Scandinavian countries, first and foremost Norway (88% of market share) followed by Denmark (48%), Sweden (34%) and Finland (28%).
- We also note the good performance of the Benelux countries (Belgium, Netherlands, Luxembourg) with BEV market shares of 27% to 32% depending on the country. Finally, Switzerland (19%) and Portugal (18%) do better than the United Kingdom or France. The countries located in Eastern Europe and Southern Europe remain the least favored (less than 7.5% BEV in these markets).