The race of Italy’s electric car market shows signs of fatigue, as 2022 started off with mixed results. While other European countries continued boasting exponential rises in January consistent with the exuberance of year-end, the same was not completely true in the continent’s fourth largest car market.
Unrae statistics for the Italian auto market show how uncertainty is creeping in. January saw an almost 20% decline Year-On-Year (YoY) in overall car registrations, a trend in line with previous months that is showing no signs of stopping. Petrol and diesel powertrains also maintained their downward spiral trajectory, with 27.2% and 19% market share respectively (coming from 36% and 27% a year prior), in favour of plugless hybrids, which increased their lead to a hefty 34.9% (from 24.3% twelve months before).
