Italy's EV Slump Is Far From Over: Plug-Ins at 8.3% In October 2022 via insideevs.com
for the month of October dim the picture even further than previous recent months. While the overall car market continued its rebound, the same was not for plug-in cars.
Fully electric cars were instead subject to the most severe crash to date in absolute and relative terms. Only 3,695 units were registered in October, for a negligible 3.1% share in a rebounding market. This meant a gigantic 48.1% YoY decline from 7,123 registrations just twelve months ago, when BEVs had reached a near 7% share. What could explain this catastrophic decline?
Plug-in hybrids, on the other hand, performed rather well for the month. With 6,116 registrations, PHEVs reached a 5.2% market share, growing a substantial 17.4% YoY from 5,209 units twelve months prior . This is an unusual increase for plug-in hybrids, which are otherwise seeing flat sales elsewhere in the continent, as consumers mostly turn to favor BEVs as new models enter the scene.
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