Netherlands: Approaching 50% EV Market Share by September 2023
【Summary】In the Netherlands, plug-in electric cars are gaining momentum, with a market share of nearly 50% of all new car sales. Last month, 13,916 new plug-in cars were registered, a 55% increase compared to the previous year. The overall market expanded by 17%, allowing plug-ins to increase their market share to 47%. The all-electric car market share reached 34%, five times higher than in the United States.
Plug-in electric cars in the Netherlands continue to dominate the market, with their market share reaching nearly half of all new car sales. Last month, 13,916 new plug-in cars were registered, representing a 55 percent increase compared to the previous year. In contrast, the overall market only grew by 17 percent, allowing plug-ins to increase their market share from 35 percent to 47 percent. It is expected that the share of plug-in cars may reach 50 percent later this year.
Within the plug-in car segment, all-electric cars accounted for 34 percent of the market share, equivalent to around 10,000 units. This is significantly higher than the United States, where the market share for all-electric cars is only about 6-7 percent.
The breakdown of plug-in car registrations last month shows that battery electric vehicles (BEVs) accounted for an estimated 10,000 units and a market share of 34 percent, while plug-in hybrid electric vehicles (PHEVs) accounted for around 3,900 units and a market share of 13 percent. In total, plug-in car registrations reached 13,916 units, representing a 55 percent increase compared to the previous year.
Since the beginning of the year, more than 121,000 new plug-in electric cars have been registered in the Netherlands, accounting for approximately 43 percent of the total market share. BEVs accounted for an estimated 82,200 units and a market share of 29 percent, while PHEVs accounted for around 39,700 units and a market share of 14 percent. The total number of plug-in car registrations year-to-date reached 121,959 units, representing a 70 percent increase compared to the previous year.
In terms of specific models, the Tesla Model Y remained the most registered new passenger car in the Netherlands, with 1,784 units registered last month. The Volkswagen Polo, a non-rechargeable car, only achieved half of Tesla's registration numbers. Other popular BEVs included the Volvo XC40 Recharge (673 units), Kia Niro EV (603 units), and Peugeot e-208 (523 units). Interestingly, the Volkswagen ID.4, which is related to the Skoda Enyaq iV, performed significantly worse with only 272 units sold compared to the Enyaq iV's 450 units.
Looking at the year-to-date figures, the Tesla Model Y has sold over 10,000 units, solidifying its lead in the market. The Volvo XC40 has registered over 5,900 units, but this includes both all-electric and plug-in hybrid variants. The top 10 best-selling plug-in cars year-to-date also include the Lynk & Co 01 PHEV, Peugeot e-208, Skoda Enyaq iV, Kia Niro, Ford Kuga PHEV, Tesla Model 3, Volkswagen ID.4, and Renault Megane E-Tech.
When considering brands, Tesla holds the largest market share with 11.3 percent, followed by BMW (8.4 percent), Volvo (8.3 percent), Peugeot (7.1 percent), and Volkswagen (6.7 percent). In terms of automotive groups, Stellantis leads with a 16.4 percent market share, followed by the Volkswagen Group (15.4 percent), Geely-Volvo (including Lynk & Co and Polestar) at 14.4 percent, Tesla (11.3 percent), and Hyundai-Kia (11.1 percent).
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