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This was largely because February marked a month of uncertainty for many of the bigger European markets, such as Spain, where registrations fell by 10% amongst political turmoil, and the Netherlands, where a change in tax on pure electric vehicles contributed to the 15% drop in overall registrations.
The same is true in Eastern Europe, with Poland, Romania and Hungary also seeing lower shares. This is thanks to recent governmental incentives, with a scrappage scheme up for consideration as well. On top of this, TCO is calculated by including any finance and acquisition costs, including registration tax or VAT.
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