Tesla Leads Italy's EV Market Rebound In March 2023 via insideevs.com
) offer a glimpse of hope for electric mobility, but also show a broader rebound in absolute numbers for all powertrains. The overall car market in fact jumped 40% Year-On-Year in the quarter-end month, to a total of over 170,000 registrations, a level not seen since March 2021.
Traditional ICE powertrains saw a stable market share, with petrols slightly up at 28.4% and diesels at 20.3% . Absolute numbers were however substantially up in line with the overall market, as petrols scored +45.9% and diesels +35.1%. Plugless hybrids also maintained their leading position at 34.5% market share, up from 32.6% a year ago. In absolute numbers, HEVs were up 48.2% YoY, an above-average gain in this strong month for the automotive market.
Fully electric cars made a splash, with 8,195 units recorded in March. This meant an excellent +81.5% gain YoY from just over 4,500 units a year prior. It was also the second-best-ever month for full electrics, following the. BEV market share increased to 4.8%, not as eye-catching as the 8% scored in that record month , but noticeably better than the 3.7% obtained in March 2022.
Plug-in hybrids also had a good month, with 7,337 units. This marked a 19.6% increase YoY from 6,136 registrations twelve months before. The less substantial YoY increase for PHEVs broadly follows an ongoing trend seen elsewhere in Europe, where plug-in electrified powertrains are losing steam in favor of fully electric options.
PHEVs market share thus fell short of the rest of the market, at 4.3%. It was 5.1% a year before when the fewer registrations had a proportionally higher share of a smaller market. All in all, plug-in powertrains reached 9.1% of the market, only marginally improving on the 8.8% scored a year before when the overall base for comparison was lower.
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