Italian car market declines 2.7% in 2023 as electric vehicle incentives run out

ilsole24ore.com (Italian)

The Italian car market saw a 2.7% decrease in 2023 compared to 2024, with incentives for electric cars depleted. October registrations were stable at 125,826 units. Year-to-date sales reached 1,293,366, down 2.7% from 2024 and significantly below pre-pandemic levels. Electric car incentives, exhausted by October 22-23, were a small boost. Stellantis brands like Fiat and Alfa Romeo showed recovery, while BYD tripled sales and Tesla halved them.


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Italian car market declines 2.7% in 2023 as electric vehicle incentives run out | News Minimalist