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March 03, 2022 02:34 AM

Italy sales fall 23% in February as EV demand declines

Italy sales fell 23% last month as electric car demand declined following an end to customer incentives.

Andrea Malan
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    Fiat New 500 3+1

    Sales of EVs have been falling in Italy after incentives ended. The Fiat 500 EV is pictured.

    MILAN -- New-car sales in Italy fell 23 percent in February to 110,869 as demand for full-electric vehicles dropped after government incentives ended, according to data from the country's ministry of infrastructure and transport.

    It was the market's second steep monthly sales decline. Registrations in January dropped by 20 percent.

    EV sales declined by 8.2 percent in February to give the powertrain a 2.8 percent market share, compared with a 3.4 percent in January. However, this is still a rise from February 2021, when the share was 2.4 percent.

    • Click here for Italy sales in February, 2 months.

    Incentives aimed at boosting sales of electrified cars were stopped in October, but new subsidies have been promised and should be introduced by the end of March, for full-electric and other low-emission vehicles.

    Few brands managed to increase sales last month. Dacia rose 14 percent to a 4.6 percent market share, while Mini posted 17 percent growth.

    EUROPE BY THE NUMBERS NEWSLETTER: Sign up for our monthly newsletter delivering data and commentary on European sales, including sales by model, top models overall, and top models in major markets.
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