Electric Car Market Share in Switzerland Reaches 40%!

Plug-in vehicles and hybrids have soared this year, with the electric car market share vastly increasing across several distinctive markets. California saw some promising results, with electrified vehicles reaching a 20% share of the market in the first quarter of 2021. Tesla sales increased by 12.5% year-over-year. The Tesla Model Y was the third best-seller among all light vehicles!

However, as magnificent as that all sounds, it has nothing on Switzerland’s latest statistics. As it stands, battery-electric vehicles have conquered 9.9% of the market. Plug-in hybrids have reached 8.3% of the market. Hybrids have taken 20.6% of the market in 2021 alone! That gives an outstanding total of nearly 40% of the overall vehicle market; Switzerland is rapidly gaining on the electric vehicle hotspots such as Norway and the Netherlands. The UK’s electric car market is also showing signs of recovery after the COVID-19 pandemic.

Over the last couple of years, Switzerland has seen its Electric vehicle endorsement rate ascend. With the share of pure Electric vehicles going from a meagre 1.7% in 2018 to a fantastic 14.3% in June 2021 – the percentage of plug-in vehicles (EVs and plug-in hybrids) reached 23% in June. How can this expeditious turnaround be any better? What makes this all the more amazing is the fact that Switzerland, unlike many other Western European countries, offers no special incentives for purchasing an electric vehicle. Many other states/provinces do have motivations.

A recent survey conducted by a trade group known as Swiss eMobility found that just over half of swiss residents are likely to purchase an electric vehicle in the next three years.