The Volvo XC60 is the best-selling PHEV in Europe in 2024 but not the most produced
- In a European market (30 countries = EU + United Kingdom + Switzerland + Norway) of 0.95 million plug-in hybrids (PHEV) in 2024, down 3.6% compared to 2023, the production volume of PHEVs in the same area reached 1.1 million units, slightly down compared to 2023. The market share of vehicles equipped with this technology in Europe returns to 7.3% in 2024 compared to 7.7% in 2023 and 9.0% in 2022. The decline in PHEV sales in Europe has been effective since 2021, with customers turning instead to battery electric models (BEV) or even full-hybrid models (F-HEV).
- The Volvo XC60 became the best-selling PHEV model in Europe in 2024, with 58,500 units, but it is not the most produced as this position goes to the Volkswagen Tiguan, which is exported more outside the European continent than the Volvo XC60.
- This is a new development since in 2023, the most produced PHEV model in Europe was the Mercedes GLC (this model being exported to the USA unlike the Ford Kuga produced in the USA under the name Ford Escape). These three models are SUVs, thus proving the strong representation of this type of engine on SUVs.
- This is why the Ford Kuga (42,500 sales) is 2nd in the ranking of the top 15 PHEV sales in Europe in 2024, the Mercedes GLC 3rd (37,500 sales), the BMW X1 4th (29,000 sales), the CupraFormentor 5th (27,300 sales), Volvo XC90 7th (24,200 sales), Porsche Cayenne 8th (23,600 sales), Volkswagen Tiguan 9th (22,200 sales), Kia Sportage 11th (20,200 sales) and Hyundai Tucson 12th (19,600 sales), all these models are SUVs. The only sedans in the Top 15 PHEVs are the BMW 3 Series in 6th (24,200 sales) and the Audi A3 in 10th (21,000 sales).
- According to Inovev, PHEV sales will continue to decline in the European market over the next few years, unlike in China.