The Mercedes GLC is the most produced PHEV in Europe in 2023 but not the best selling
- Compared to a European market (registrations 29 countries = EU + UK + EFTA) of 1 million PHEVs (plug-in hybrids) in 2023, representing a market share of 8%, the production volume of PHEVs reached 1 million units last year, the vast majority of which being sold in Europe.
- Production: the most produced PHEV in Europe in 2023 is the Mercedes GLC (58,000 units) followed by the Volvo XC60 (55,000 units), BMW 3 Series (53,000 units) and Volvo XC40 (51,000 units). Note that these are four models from Premium brands, the PHEV technology being popular with Premium carmakers. Given that plug-in hybrids represent a market half the size of BEVs, production volumes of these models are on average half those of BEVs. This PHEV market also seems to be in decline while the BEV market continues to grow.
- Sales: the best-selling PHEV in Europe in 2023 is the Ford Kuga (48,000 units) followed by the Volvo XC60 (39,000 units) and Mercedes GLC (30,000 sales), i.e. both models Premium most produced in Europe in 2023. Unlike these two models, the Ford Kuga is not exported and therefore the sales volume is equivalent to the production volume for this model.
- Of the 15 best-selling PHEVs in Europe in 2023, there are 9 models from Premium brands, proof that this technology is very common among these carmakers who do not generally offer small models. The PHEV technology is mainly offered on models in the C to F segments.