The market for electrified vehicles grows 70% in March

In March, 11,690 new registrations were registered, but it only represents 10% of the total vehicle market

During the first quarter, 28,831 units were reached, 51% more than the previous year

Alternative vehicles increase 73% in March, representing 4 out of 10 market purchases

Madrid, April 3, 2023.- Sales of electrified vehicles (electric and plug-in hybrids, including passenger cars, quadricycles, commercial and industrial vehicles, and buses) achieved a notable increase of 70.4% in March, with a total of 11,690 units . Although it improves the results of the previous year, the sales volume still only represents 10% of the total market. A figure that, despite the strong increase in the general market of close to 115,000 units, remains at a share well below the European average.

As for the registrations of zero and low emission vehicles (electrified, hybrid and gas), they increased by 73.1% in the month, with 42,815 units sold. Unlike previous months, sales of alternative vehicles rank as the second purchase option, behind gasoline, with a market share of 36.82% during March.

ELECTRIC VEHICLES – Zero Label

Sales of pure electric vehicles increased by 63.1% in March, with 5,684 registered units. It represents 4.83% of the market share in the month. In the year as a whole, sales of these vehicles totaled 13,878 units, 62.7% more than in the same period of the previous year. The cumulative share of the year is 4.95%

PLUG-IN HYBRID VEHICLES – Zero Label

Sales of plug-in hybrid vehicles grew by 78% during March and reached 6,006 registered units this month. It represents 5.17% of the market share for the month. In the year as a whole, sales of these vehicles totaled 14,953 units, 41.5% more than in the same period of the previous year. The cumulative quota for the year is 5.33%.

HYBRID VEHICLES – ECO Label

Sales of non-plug-in hybrid vehicles increased by 74.3% during March, reaching 29,199 registered units this month. It represents 25.11% of the market share in March. In the accumulated year, sales of these vehicles accumulated 73,143 units, 53.8% more than in the same period of the previous year. The share of the total for the year is 26.08%.

GAS VEHICLES – ECO Label

Sales of gas vehicles grew 71.8% in March with 1,919 registered units representing 1.65% of the market share in the month. In the year as a whole, sales of these vehicles accumulated 5,803 units, 70.7% more than in the same period of the previous year. The cumulative quota for the year is 2.07%.

HYDROGEN VEHICLES – Zero Label

Sales of hydrogen cell vehicles registered 7 new registrations in the month of March, accumulating a total of 8 units sold during this 2023.

TOURISM MARKET

The registrations of electrified, hybrid and gas-powered PASSENGERS increased their sales in March by 71.2% compared to the same month of the previous year, up to 40,698 units delivered, representing 40.89% of the total market share.

Regarding the electrified passenger car market, in March its sales increased by 60.6%, with 10,277 units sold. Battery electric vehicles (BEV) grew by 39.9% to 4,322 units in the month, as did plug-in hybrids (PHEV) with an increase in registrations of 80.1% to 5,955 units. Sales of electrified passenger cars have accounted for 10.3% of the market share in March.

Despite the increase that electrified passenger cars register for another month, both the volume and the rate of sales continue to be well below the necessary objectives. To achieve the commitments made to reduce emissions, this year the electrified market should reach 190,000 units sold, but if the current rate is maintained, the national market would be slightly above 100,000 registrations.

STATEMENTS

José López-Tafall, general director of ANFAC indicated that “for yet another month the electrified market is growing. Maintaining an upward trend is positive, but the volume of sales needs to increase for it to be a reality of purchase for citizens. In this last month, in which the general market for passenger cars has been close to 100,000 units, electrified cars have once again reached 10% of total sales. We are still in quotas well below the average of 21% that is already being reached in other European countries. Spain has to accelerate the electrified vehicle so as not to let go of this race. The Government has already transferred its commitment, but now it is necessary to implement the measures focused on agility with aid in the purchase, development of public access recharging infrastructures and taxation that will be an incentive and a boost to make the most accessible electrified vehicle for citizens.”

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