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.