The segment expands despite cuts in EV incentives in some markets.
Mar 3, 2024 at 12:00pm ET
In January, plug-in electric car sales in Europe increased by roughly 25% year-over-year, which is a positive sign considering that some incentives were reduced or cut.
According to EV Volumes data shared by researcher Jose Pontes, 198,993 new plug-in electric cars were registered in Europe in January. The market share amounted to roughly 20% (compared to 17% a year ago).
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