Plugin EVs Take 22.9% Share of UK Auto Market in March

March saw plugin EVs take 22.9% share of the UK auto market, barely up from 22.4% year on year. Full electric share fell, while plugin hybrid share grew. Overall auto volume wasunits, up 10% YoY, though still far below pre-2020 norms. The UK’s leading BEV brand was Tesla, ahead of BMW. March’s totals saw combined plugin EVs at 22.9% share, with full electrics (BEVs) taking 15.2% and plugin hybrids (PHEVs) taking 7.7%.

These compare with YoY shares ofThis is a poor showing for BEVs, losing 1% share of the market, and up in volume just 3.8% YoY, against broader market growth of 10.4%. The brands shedding volume YoY were Tesla, MG, Volkswagen, and Polestar. This could be due to temporary logistics ebb-and-flow, or it could be demand falling for these brands. Other things being equal, demand falling might seem unlikely, especially in the case of MG, which offers the UK’s best value BEVs., however, a cooling of demand could simply be an effect of the UK’s broader economic recessio

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Plugin EVs' Market Share in Sweden Decreases in MarchIn March, plugin electric vehicles (EVs) accounted for 58.1% of the auto market in Sweden, showing a decrease compared to the previous year. While plugin hybrid volumes slightly increased, battery-electric vehicle (BEV) volumes decreased significantly. The overall auto volume was also affected by the decrease in registration days. The decline in BEV registrations can be attributed to the reduction of purchase incentives.
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