Netherlands Was The PHEV Capital Of Europe For 2015, But Quickly Bottomed Out In 2016
EagleAID recently named Netherlands the European PHEV capital.
Not strange taking into consideration that in 2015 Netherlands recorded highest number of passenger plug-in car registrations (over 43,000) of any country in Europe, and more than 39,000 were plug-in hybrids.
Nearly 10% market share for plug-in electric cars and record sales for country with population estimated at some 17 million is an achievement. Netherlands estabished strong incentives for PHEVs, unfortunately changes to less favorable programs in January 2016 have already resulted in the loss of the country’s plug-in sales crown.
Under the new program, all-electric cars remain at 4% tax (so no rush/changes in sales here from 2015 to 2016), but plug-in hybrids move from 7% to 15% (while non-plug-ins stand at 21-25%)
“Last years breakneck pace of growth, albeit from the very low levels seen here the previous year, is due mainly, if not entirely, to last years sizzling PHEV demand in the Netherlands.
Encouraged by the mouthwatering savings still to be had by way of markedly lower Benefit in kind (BIK) taxes owing to the ownership or lease of a new company car, Hollands money-wise company car users opted for the ownership or lease of more tax-friendly PHEVs in droves”
The PHEV hangover was fully visible in January (as demonstrated by EV Sales Blog stats above), as total sales fell from nearly 16,000 to less than 600.