In September, more electric cars were sold in Europe than diesel cars
In the first three quarters of 2023, the EU car market grew substantially (+16.9%), totalling eight million registered units. Despite the year-to-date increase, the market remains 20% below the pre-COVID pandemic level of 10 million units in 2019. Except for Hungary (-3.2%), all of the region’s markets recorded gains during these nine months, including the four largest: Italy (+20.5%), Spain (+18.5%), France (+15.9%), and Germany (+14.5%).
New EU car registrations by power source
In September, the battery-electric car market share reached 14.8%, marking an increase from 14.1% in September the previous year. This was the third time this year that battery-electric cars surpassed diesel, making them the third-most-popular choice for new car buyers. Hybrid-electric cars retained their position as the second most-preferred option, accounting for a significant 27.3% of the market. Although petrol cars are still buyers’ top choice, their market share fell from 35.3% in September 2022 to 34.1% this year.
European automotive industry at a crossroads: time to act, avoid fines and reduce regulation
30.12.2024 The opening day of the 7th edition of the largest Central European event CEE Automotive Supply Chain was marked by lectures and panel discussions of experts from Slovakia, the Czech Republic and Europe. They unanimously agreed that the way out of...