Sales

Italy sales drop 20% in January as EV demand stalls

Fiat New 500 3+1
EV demand in Italy dropped following the end of government incentives. The Fiat New 500 electric car is pictured. (NONE)
February 02, 2022 10:30 AM

MILAN -- New-car sales in Italy fell 20 percent in January to 107,814 as demand for full-electric vehicles dropped after government incentives ended, according to data from the country's ministry of infrastructure and transport.

EVs saw their share decline from 2021 peaks after "help-to-buy" incentives stopped in October and were not renewed. The share of full-electric cars was 3.4 percent in January, up from 1.8 percent in January 2021, but down from 7 percent in December and 4.6 percent for the full year.

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According to industry association UNRAE, January 2022 had one additional selling day.

Among mass-market brands that gained volume, Dacia rose 43 percent to a 5.4 percent share, while Hyundai jumped 40 percent, and Kia grew 8.4 percent.

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