Tesla hits the UK with its strongest ever May, helping lift the plugin electric vehicle market share to 23.1%, up from 18.3% year on year. BEVs have grown well, whilst PHEVs have remained mostly flat. Overall market volume was 145,204 units, some 17% up YoY, though still below the pre-2020 norms. The Tesla Model Y was the bestselling BEV in May.
May 2023’s combined plugin result of 23.1% comprised 16.9% full electrics (BEVs), and 6.2% plugin hybrids (PHEVs). These figures compare with 18.3%, 12.4%, and 5.9% in May 2022. We can see that PHEVs have slightly grown share over the past 12 months, whilst BEVs have gained share at a healthy clip.