Albania Surpasses 57% Electric Vehicle Market Share in October
Albania has achieved a remarkable milestone, with electric vehicles (EVs) accounting for an astounding 57% of new passenger vehicle registrations in October. This impressive feat is particularly noteworthy given the country's small market size and relatively low purchasing power.Key TakeawaysAlbania registered 933 new passenger vehicles in October, with EVs making up over half of these sales.The Chinese automaker BYD dominates the Albanian market, holding more than 40% of the overall vehicle sales.Including plug-in hybrid electric vehicles (PHEVs), which had a 3% share, the total plugin market accounted for 60% of all new passenger car registrations in October.Despite being one of Europe's smaller automotive markets and having lower purchasing power compared to other European nations, Alba...