Global plug-in market share reaches 15%

 From CleanTechnica

Global plugin vehicle registrations were up 60% in March 2022 compared to March 2021. There were 851,000 registrations, the second best month ever, representing 15% share of the overall auto market (11% BEV share), which means that the global automotive market is entering the Electric Disruption Zone.

Add the 832,000 units of plugless hybrids registered in March and we have close to 30% of the overall global market having some form of electrification last month.

In another note on plugless hybrids, last month’s growth rate was just 1%, the worst since the drops in the Covid-19 lockdown months of April and May 2020. That could mean that this year could be the Peak HEV year, with 2023 being the start of downhill sales for this kind of powertrain. We’ll see.

(Toyota, take notice….)

Plug-ins at 15% of global car sales!  Plug-ins + hybrids 30%!  Year-on-year growth drifting back to long term average of ±65%.   At that growth rate, plug-ins will reach 22% of the total market next year,

The blue line represents the original time series;
the red my seasonally adjusted version;
the black the smoothed version.