Originally published on opportunity:energy. The race of Italy's electric car market shows signs of fatigue, as 2022 started off with mixed results. While other European countries continued boasting exponential rises in January consistent with the
The race of Italy’s electric car market shows signs of fatigue, as 2022 started off with mixed results. While other European countries continued boasting exponential rises in January consistent with the exuberance of year-end, the same was not completely true in the continent’s fourth largest car market.for the Italian auto market show how uncertainty is creeping in.
Full electric vehicles scored 3,658 registrations for the month, an almost 50% increase YoY from fewer than 2,500 units a year ago. This means a 3.4% market share, much higher than last year’s 1.8% but also far from the results of recent months, typically close to twice as many sales and share. This less than exciting result was certainly due to the end of financial incentives earlier in December, with the last deliveries under the outgoing scheme completed at the start of the year.
Plug-in hybrids had a similar performance to BEVs, and a better overall result. With 5,461 units, they also jumped almost 50% YoY and gained a round 5% market share. This result was in line with previous months, which bodes the question as to whether PHEVs will still be the plugged powertrain of choice in the Italian market for 2022, after a. One thing is for sure, they will also be impacted by the lack of incentives going forward.
As the first month went by without fiscal boosts to electric mobility, the resulting combined 8.4% market share for plug-ins should probably be considered a good result — it is, after all, substantial YoY growth without any financial support. One can only wonder, however, the difference that even little and well-aimed incentives could do to support growth at a wildly different level, as the rest of Europe is showing.
Let’s not forget the Renault Twingo ZE, which closed the month in third with 298 registrations, a stable presence on the Italian BEV monthly podium which could also aim for the top spot — if produced in sufficient numbers and properly advertised in this ideal market. More of the usual A- and B-segment models followed, starting with the Smart ForTwo in fourth place at 230 registrations, trailed closely by the former European favourite Renault Zoe .
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