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ICCT: BEV and PHEV market shares averaged 23% in Europe Jan-Sep 2023

In the first three quarters of 2023, BEV and PHEV market shares averaged 23% in Europe, according to the International Council on Clean Transportation’s (ICCT) latest market monitor.

The average market share of battery electric vehicles (BEVs) in 2023 to date was about 15%, with a market share of 17% in the third quarter, four percentage points higher than the 2022 average. The average plug-in hybrid vehicle (PHEV) share remained below 2022 levels in the third quarter of 2023 by about two percentage points.


Share of plug-in hybrid and battery electric vehicles by country, including information on market size (cumulative car registrations). ICCT.

All manufacturers are on track to meet their specific CO2 emissions targets for 2023, with an estimated average over-compliance of about 14 g CO2/km.

At just over 2.5 million, new car registrations in Europe increased 14% in the third quarter of 2023 compared to the same period the previous year.


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