Plug-in EVs in hot demand in Europe
The plug-in share of European light vehicle market reached 1.74 per cent for the year, the share was 2 per cent during the last four months and reached 2.55 per cent in December. The German market is the clear highlight of 2017, with a 108 per cent increase over 2016, making it now the second largest market for plug-ins in Europe, after Norway. The plug-in share in Germany reached 2.3 per cent in December and was 1.6 per cent for the year. Norway, where plug-in vehicles are the world's highest, reached 32.5 per cent in 2017 for both BEV and PHEV. In December, 50 per cent of passenger vehicle sales were electrically chargeable vehicles. For 2018, EV-Volumes believes that there will be a 41 per cent increase in EV sales, assuming that incentives remain on current levels and supply meets volume demand.