Development of MHEV sales in Europe and forecasts
- For several years, sales of mild hybrid electric vehicles (MHEVs) in Europe have been increasing in percentage from 10% of the passenger car market in 2020 to 15% in 2021 and to almost 20% in 2022. If we include the light commercial vehicle category, which is still barely influenced by MHEV powertrains, the MHEV sales share rises to almost 13% in 2022, up from 10% in 2021. It should be noted, however, that this percentage increase is not due to an increase in MHEV sales, but to the decline of the market.
- At the same time, battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) sales increase sharply in percentage terms: 11% in 2020 (6% BEV and 5% PHEV), 20% in 2021 (11% BEV and 9% PHEV), and 22% in 2022 (13% BEV and 9% PHEV). Non-rechargeable hybrids (full hybrids) account for a smaller share (4% in 2020, 6% in 2021, and 8% in 2022).
- In opposition, the category losing large market share is purely internal combustion engine cars, which account for 75% of European registrations in 2020, 59% in 2021, and 50% in 2022. As with MHEVs, however, these data for BEVs/PHEVs need to be put into perspective. This is because a significant portion of the increasing share is a result of the shrinking market.
- Will the share of MHEVs continue to rise over the next decade? Due to stricter standards (especially Euro 7), this will probably be the case. However, it is not yet clear by how much, as MHEV vehicles and especially MHEV-48V vehicles are more expensive (but far less than BEVs). What could encourage their development is a products offer from carmakers driven by both the need to fit the new standards and the search for higher profits.
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