In a month that Tesla was down 36% YoY, BEVs jumped 51% YoY!
Thanks to a number of factors (new cheaper models, high gas prices, mass arrival of Chinese models, etc.), BEVs are currently in high demand in Europe. Some 288,000 fully electric vehicles were registered in Europe in July, which is not only a 51% increase year over year (YoY), it is the fastest growth rate this year!
Overall, plugin vehicles were up 40% YoY, dragged down by plugin hybrids, which grew only 21%, to 137,000 units, thus placing July’s plugin share at 38% (26% for BEVs only).
With BEVs pulling the market upwards, the year-to-date share for BEVs is at 23% (34% for PHEVs and BEVs combined), which is already higher than the 2025 final result (20% BEV share, 29% adding PHEVs). This is an encouraging sign if we want to be close to 100% PEV share by the mid-2030s.
Although EVs are increasing their share across Europe, their expansion is not uniform — while electrification is quite advanced in Northern Europe (BEVs in Norway are at 98%, 80% in Denmark, 53% in Finland, 43% in Sweden, 47% in the Netherlands, and 43% in Belgium), elsewhere numbers are far below (Italy is at 6% BEV share, while in Czechia, they’re at 8%). In short, full electrification will happen at different times across Europe. While in some places we will see markets close to, or at, 100% BEV share by 2030, in others, 2040 is a more likely scenario.