In 2023 and 2024, Greece’s automotive powertrain market began a steady transition toward electrification, with both hybrid and battery electric vehicles (BEVs) gradually increasing their market share. The sector is anticipated to grow at a compound annual growth rate (CAGR) of 8.53% through 2031. While petrol and diesel vehicles continue to lead, diesel’s presence is steadily declining. The adoption of electric vehicles remains limited due to an underdeveloped charging network, although government incentives are starting to take shape. Persistent supply chain disruptions and the high cost of EVs present additional challenges. Nonetheless, Greece is moving toward greater hybrid adoption, driven by EU environmental regulations and sustainability goals.
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