Italy’s auto market is at a crossroads. While most European markets continued seeing EV growth through the first six months of 2022, albeit in an overall subdued automotive economy, the Bel Paese was victim of a self-inflicted wound, as the Italian government struggled for months before launching an overdue fiscal package to support low-emission vehicles. The result so far is a stop to the growth that had characterised electric mobility for the past five years in a row.
Plug-in hybrids managed to maintain the positive trend from last year, resulting in 37,330 registrations for the first half of 2022. This was in line with the 38,030 units recorded in the same period of 2021, which means market share for PHEVs improved more substantially than BEVs to 5.4%, compared to 4.3% in H1 2021. Combined market share for all plug-in powertrains thus increased to 9% for the first half of 2022, up from 7.7% a year before.
Compact French models the Renault Zoe, Twingo ZE, and Peugeot e-208 followed at a distance with little more than 1,000 registrations each, far from the numbers they could achieve in an ideal market such as this one. This may just be due to diverted supply to other markets, or lukewarm demand amidst growing competition and reduced incentives. Either way, the coming months will help understand if this trend is for the long term.
Yesterday I heard, that Italy has gone more rightwing as ever before in the near past. Maybe there is a correlation. Interesting though.
such a weird and unitiutive way of displaying data! Im impressed! :) I bet 90% of the targteaudience cant even read that chart :)