Originally published on opportunity:energy. It was widely expected, and it's finally happened. While most European car markets keep posting new records and continued monthly growth for plug-in car sales, Italy's is getting stuck in a
It was widely expected, and it’s finally happened. While most European car markets keep posting new records and continued monthly growth for plug-in car sales, Italy’s is getting stuck in a rout of its own doing. Europe’s fourth largest market posts in March its first — and wild — BEV decline in many years of growth.leave no margin of interpretation to what is a broad debacle for the car industry.
Plug-in hybrids faired better than BEVs and limited their losses, reaching 6,083 units — the best result since last July — and 5% market share , down “just” 21.5% from 7,748 registrations in March 2021. The steady performance of PHEVs allowed overall plug-in sales to stay buoyant, for a combined plug-in market share of 8.7%, the best so far in 2022 but also in slight decline YoY.
Tesla Model Y shot to the top with a brilliant performance, 678 registrations, that not only represents the model’s best result to date, but also a show of strength in such a weak period without incentives. The American upmarket crossover SUV beat much cheaper competitors such as the Dacia Spring, second with 516 units, and the Fiat 500e, which closed the podium at 495 registrations.