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Portugal has one of the crucial developed electrical automobile (EV) markets in Europe. Which battery-electric automobile (BEV) and plug-in hybrid (PHEV) fashions have proved fashionable within the nation? Tom Hooker, Autovista24 journalist, explores the figures.
Combining BEV and PHEV deliveries, EV gross sales in Portugal grew by 10% in 2024. This helped the market attain general development whereas petrol and diesel registrations declined yr on yr.
A complete of 69,882 plug-ins have been delivered final yr, in keeping with information from EV Volumes. Plug-ins accounted for 33.3% of the nation’s new-car market in 2024, up from a 33.2% maintain in 2023.
Comparatively, France recorded an EV share of 25.7%, Germany 20.2%, Spain 11.5%, and Italy 7.6%.
BEV deliveries in Portugal grew by 15.2% in 2024, reaching 41,932 registrations. The know-how took a 20% market share final yr and made up 60% of EV deliveries. Plug-in hybrids (PHEVs) noticed gross sales enhance by 3%, recording 27,950 items. This gave the powertrain a 13.3% market share.
Portugal’s EV market has seen double-digit development yearly thus far this decade. Volumes surged considerably in 2023, with a triple-digit BEV enhance driving development. PHEVs noticed a powerful enchancment in 2020, with gross sales hovering by 103.7%.
PHEVs jumped from an 8.2% share at the beginning of the last decade to a 13.3% share in 2024. That is regardless of a 0.5 share level (pp) drop between 2022 and 2023. Conversely, BEVs have seen shares develop yearly since 2020.
PHEVs started the last decade on prime of the EV market, with a 60.2% share in 2020. Nonetheless, BEVs overtook the know-how in 2022 and have continued to increase their lead. All-electric autos represented 60% of plug-in volumes in 2024.
In January 2025, BEV deliveries improved by 33.7%, with 3,335 items, in keeping with EV Volumes newest information. PHEVs dropped by 10.3% yr on yr, with 1,943 registrations in January. This meant EV deliveries grew 13.3% within the month.
‘Portugal has had incentives since 2010. They have been interrupted between 2012 to 2014 and resumed in 2015. The worth decreased from 2011 to 2015, and after that, we had a rise within the quantity, however guidelines have modified during the last 10 years,’ defined Joao Areal, cluster head of valuations for Portugal, Italy and Spain at Autovista Group.
The Portuguese authorities now gives a €4,000 incentive for personal consumers buying a brand new BEV passenger automobile. There are not any incentives accessible for PHEVs. The eligibility necessities have develop into extra restrictive because the present quantity was first launched in 2022.
In 2023, all-electric autos with a last buy value better than €62,500 have been now not included within the scheme. Now, additional restrictions have been made to the inducement.
‘Because the finish of 2024, we had an extra situation to obtain the €4,000 incentive when buying an EV. Patrons should ship an internal-combustion engine automobile over 10 years outdated for scrapping. For the personal sector, the quantity might be greater, whereas this new situation might decelerate EV buying,’ Areal highlighted.
Moreover, the BEV eligibility ceiling has considerably decreased from €62,500 to €38,500. Nonetheless, latest amendments imply autos with between six and 9 seats have a listing value ceiling of €55,000 plus VAT.
BEVs are exempt from paying automobile tax (ISV) and single circulation tax (IUC). New all-electric autos additionally obtain a complete deduction of VAT, offered it was bought for €62,500 or decrease.
PHEVs with a minimal all-electric vary of 50km and official CO2 emissions of lower than 50g/km additionally take pleasure in a 75% discount in ISV. This assist can be prolonged to PHEVs registered within the EU between 2015 and 2020 which have an electrical vary of no less than 25km.
The Tesla Mannequin 3 was the best-selling BEV in Portugal in January. The sedan reached 328 registrations within the first month of the yr, equating to a ten.4% enhance in comparison with January 2024.
It accounted for 9.8% of all BEV gross sales within the nation, down 2.1pp yr on yr. The Mannequin 3 comfortably led the market, recording double the deliveries of its nearest rival.
The Peugeot e-2008 secured second with 164 items, whereas the Dacia Spring was shut behind in third with 162 registrations. Each fashions noticed volumes surge in comparison with January 2024, with a 412.5% and 350% enhance respectively. The 2 additionally recorded a 4.9% market share.
The BYD Atto 3 completed fourth, because of 122 deliveries. This was a 100% enchancment from one yr in the past and gave it a 3.7% share. Only one unit behind was the Volvo EX30, which elevated volumes by 86.2%. The SUV took a 3.6% share of the BEV market.
The Kia EV3 additionally adopted with a one-unit hole, securing 120 deliveries. In seventh was the BYD Seal, reaching 102 registrations. This represented a surge of 343.5% yr on yr. The mixed complete of the Renault 5 and Alpine A290 landed in eighth, at 101 items.
In ninth was the BMW iX1. The SUV posted 94 deliveries, a 104.3% enchancment in comparison with January 2024. Its stablemate, the BMW i4, rounded out the highest 10. It recorded 85 registrations, a drop of 36.6% yr on yr.
Volvo led the Portuguese PHEV market in January with its XC60. The mannequin reached 102 deliveries within the month, a rise of simply two items from 12 months prior. This gave it a 5.2% share of the plug-in hybrid market.
The Mercedes-Benz A-Class landed second with 92 items, a 52.8% drop yr on yr. It accounted for 4.7% of PHEV registrations. In third was the BMW X1, with 85 deliveries and a 4.4% market share. This was a 203.6% enchancment in comparison with January 2024. The Cupra Formentor noticed volumes rise by 228% in fourth, with 82 items.
In fifth was the BMW 2-Collection, recording 75 items. This equated to a 53.1% enhance from 12 months earlier. The Mercedes-Benz E-Class got here sixth, with 74 deliveries, down 21.3%. In seventh was the BMW 3-Collection, which improved registrations by 20.3% yr on yr, with 71 items.
Its stablemate, the BMW 5-Collection, was one unit behind, doubling its supply complete from January 2024. The Mercedes-Benz C-Class additionally recorded 70 items. Nonetheless, this represented a 26.3% decline yr on yr. This meant seven German fashions featured in Portugal’s prime 10 PHEV desk. Lastly, the BYD Seal U completed in tenth place, with 61 items.
