AutoExec Summary
Sales of plug-in hybrid electric vehicles (PHEVs) in Europe have seen a resurgence as buyers, especially business buyers, rush to take advantage of tax benefits before upcoming legislative changes. PHEV sales are up 4.9% compared to 2.5% for battery electric vehicles (BEVs). Top PHEV markets include Germany and the UK, with longer-range PHEVs helping OEMs meet emissions targets. Reasons for the surge in PHEV popularity include utility, tax benefits, and improved all-electric ranges. However, some believe the market share for PHEVs has plateaued and may not rise significantly, with PHEV penetration in Western Europe at 7.8%.
Brands mentioned: Dataforce, Schmidt Automotive Research, Automotive News Europe.
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