A small introduction: Following the feedback of some readers, I have decided to stop focusing so much on the Dutch, French, and German markets, and start covering other, less media friendly markets, which allows us to see different realities and have a better understanding of the EV Revolution.We start this new stage of EV market coverage by looking at a Southern Europe market, in this case Spain.
Spain has incentives for plugin vehicles up to €45,000, called Moves, which in this case include not only BEVs but also PHEVs, something that impacts the shape of the market, as we will see below. Since some regional incentives can be added to the national subsidy, that can go up to €7,000. As for plugins, PHEVs are more popular than BEVs, with plugin hybrids having 58% of the plugin market this year — 15,700 units vs. 11,386 BEVs. This result can be explained by the fact that PHEVs have almost the same degree of incentives as BEVs, and also by the fact that the charging infrastructure is still patchy in many places.
Speaking of Mercedes, the three-pointed-star’s PHEVs are quite popular in Spain, with the German make having three representatives in the top 10 — the GLC in 4th, the smaller GLA in 6th, and the A-Class compact model in 9th. That last one scored 275 registrations in March, its best result since December 2022., the MG4, in 7th, with 674 registrations. That also makes the Sino-British model the 3rd best selling BEV on the table.