Europe's second largest auto market, France, saw plugin electric vehicles take 21.0% share in August, up modestly from 19.8% year on year.
Notice that the top 6 bestsellers are all small vehicles, with the largest, the Megane just 4.2 meters long . The 208 and Zoe are barely 4 meters long, and the 500, Twingo, and Spring are just around 3.6 meters.
Italy, Spain, and many other regions of continental Europe also favour compact and small vehicles, and the UK’s bestsellers are barely any larger. As we move forwards, and more model options at more affordable prices become available, the continent’s best selling BEVs will likely increasingly be in this format.
Electricity prices have exploded over recent months. The end of August briefly saw French wholesale electricity spot prices at €1130 / MWh, up over 1100% YoY from €90. This has recovered to “just” €600 now. France willin the coming months to try to counter the shortfalls and extreme prices.
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