We continue to forecast 2.50 million new BEV passenger cars will enter the Western European new passenger car market during 2025, or an increase of 570,000 units over 2024 (+29.5% y/y). 2025 BEV mix forecast remains at 21.6%, rising from 16.7% during full-year 2024. Between January and May, the BEV market grew by 27.9% year-on-year, corresponding to a BEV mix of 18.5%. We have factored in a positive impact from an expected return from the French social-leasing scheme from September, which is expected to see the budget funded from the energy saving certificate (CEE) scheme rather than being funnelled directly from the Finance Department, according to a decree published by the government. We also continue to monitor and await more clarity on the UK's Electric Car Grant, which will be factored into the next edition's forecast.