Eurosales: STLA share, did EVs rise or fall?

Did electric cars (EVs) gain or lose market share in Europe in January? It depends what you compare them to.

Peugeot E-3008

Compared with the final quarter of European sales in 2023, EVs definitely lost ground. But compared with January 2024, they garnered a higher share. 11% of the passenger vehicles registered in the EU during January 2024 were BEVs; 8% were PHEVs, which can run entirely on batteries for a while but also have an engine. Diesels were 13%, ordinary hybrids were 29%, and gasoline-only were 35%. The remaining 4% were likely mostly hydrogen; Stellantis has a hefty share of both BEV and hydrogen vehicles in Europe.

Stellantis gained some market share over January 2024, rising from 18.6% to 19.1% of the market; Volkswagen fell a bit from 26.1% to 25.9%. Renault was Europe’s #3 but fell from 11.7% to 10.1%. Toyota, Hyundai, and BMW were the next three, all with single-digit shares (8.8% and below).

Jeep gained in share with the Avenger garnering sales; it rose from 1.2% to 1.3% share, which is still quite good by Jeep standards. Ram and Dodge were in Stellantis’ “others” category, along with Maserati, with a collective 0.1% share.

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