Surge in Electric Vehicle Sales in March Amidst Absence of Moves Plan
Electric vehicle registrations in Spain rose significantly in March, reflecting an unexpected growth amidst the absence of government subsidies.
In March 2025, the market for electric vehicles in Spain witnessed a dramatic surge, with sales increasing by 93% compared to March 2024, amounting to 8,101 units sold.
This rise occurred despite the lack of financial incentives from the Moves plan, which is anticipated to be reinstated soon.
Over the first quarter of the year, electric vehicle sales grew by 69%, totaling 19,225 units, according to data from sector associations including Anfac (manufacturers), Faconauto (dealers), and Ganvam (distribution).
The electrified passenger vehicle market, which includes both electric and plug-in hybrid models, experienced a growth of 69% in March, resulting in 16,474 new registrations, which represents 14% of the overall vehicle market.
Industry representatives express optimism for further increases due to the government's recent announcement regarding the revival of the Moves plan, which will allocate €400 million until the end of 2025.
Total vehicle registrations for the month of March rose by 23.2%, reaching 116,725 units.
For the first quarter, deliveries of passenger vehicles increased by 14.1%, totaling 279,368 units.
If this trend continues, the total registrations for the year may surpass one million units, similar to the figures recorded last year.
Industry sources suggest that these sales figures may still reflect delayed registrations from 2024, as manufacturers aimed to optimize their CO2 emissions calculations and avoid potential European Union fines.
Contrary to predictions, the absence of Moves III—previously halted by a parliamentary vote—does not appear to have negatively impacted sales, which continue to grow significantly.
Hybrid vehicles maintain the largest market share, representing 42% of new registrations and outpacing gasoline vehicles for the third consecutive month.
Electric vehicles account for 7% of total sales, while diesel vehicles represent 5.3%, a figure even lower than that of gas vehicles.
In March, Renault emerged as the top-selling brand with a remarkable increase of 101.5%, totaling 9,473 units compared to the same month last year.
Toyota leads sales for the year, albeit with a slight decline of 0.8%, amounting to 22,853 units.
The most popular vehicle for both March and the quarter is the Dacia Sandero, with a 53% sales increase in March, reaching 3,937 units.
The best-selling electric vehicle is the Tesla Model 3.
All sales channels reported growth, notably the private channel, which rose by 26.6% to 44,069 units for the month.
Company registrations increased by 18.4%, and the rental sector also experienced growth, up 23.8% to 39,482 units, as preparations began for the upcoming Easter holiday season.
This rise occurred despite the lack of financial incentives from the Moves plan, which is anticipated to be reinstated soon.
Over the first quarter of the year, electric vehicle sales grew by 69%, totaling 19,225 units, according to data from sector associations including Anfac (manufacturers), Faconauto (dealers), and Ganvam (distribution).
The electrified passenger vehicle market, which includes both electric and plug-in hybrid models, experienced a growth of 69% in March, resulting in 16,474 new registrations, which represents 14% of the overall vehicle market.
Industry representatives express optimism for further increases due to the government's recent announcement regarding the revival of the Moves plan, which will allocate €400 million until the end of 2025.
Total vehicle registrations for the month of March rose by 23.2%, reaching 116,725 units.
For the first quarter, deliveries of passenger vehicles increased by 14.1%, totaling 279,368 units.
If this trend continues, the total registrations for the year may surpass one million units, similar to the figures recorded last year.
Industry sources suggest that these sales figures may still reflect delayed registrations from 2024, as manufacturers aimed to optimize their CO2 emissions calculations and avoid potential European Union fines.
Contrary to predictions, the absence of Moves III—previously halted by a parliamentary vote—does not appear to have negatively impacted sales, which continue to grow significantly.
Hybrid vehicles maintain the largest market share, representing 42% of new registrations and outpacing gasoline vehicles for the third consecutive month.
Electric vehicles account for 7% of total sales, while diesel vehicles represent 5.3%, a figure even lower than that of gas vehicles.
In March, Renault emerged as the top-selling brand with a remarkable increase of 101.5%, totaling 9,473 units compared to the same month last year.
Toyota leads sales for the year, albeit with a slight decline of 0.8%, amounting to 22,853 units.
The most popular vehicle for both March and the quarter is the Dacia Sandero, with a 53% sales increase in March, reaching 3,937 units.
The best-selling electric vehicle is the Tesla Model 3.
All sales channels reported growth, notably the private channel, which rose by 26.6% to 44,069 units for the month.
Company registrations increased by 18.4%, and the rental sector also experienced growth, up 23.8% to 39,482 units, as preparations began for the upcoming Easter holiday season.
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