According to data from the European Automobile Manufacturers’ Association (ACEA), in July, new battery-electric vehicle registrations in the EU substantially increased by 60.6%, reaching 115,971 units and accounting for 13.6% of the market.
Most EU markets saw significant growth with double and triple-digit percentage gains, including the two largest: Germany (+68.9%) and France (+32.4%).
Particularly, Belgium recorded the highest sales with an impressive growth of 235.9%.
Combined, battery-electric car sales saw a substantial 54.7% increase from January to July, with 819,725 units registered.
On the other hand, new registrations for hybrid-electric vehicles increased by 31.6% in July.
These were mainly driven by strong growth in the region’s largest markets: Germany (+46.6%), France (+32.8%), Spain (+30.8%), and Italy (+16.7%).
This amounted to a cumulative increase of 28.5%, with almost 1.6 million units sold between January and July, accounting for a quarter of the market share.
Last month, new plug-in hybrid car registrations in the EU increased by 14.5%, reaching 67,060 units.
The robust performance in key markets like the Netherlands (+107.6%), France (+80%), and Spain (+42.7%) was offset by a decline in Germany (-39.5%), the largest market for this type of fuel.
Despite this growth, the market share of plug-in hybrid cars remained steady at 7.9% in July.
Diesel Vehicle Market Declines
In July, the petrol car market in the EU grew by 5%, reaching 304,903 units.
However, the market share decreased from 39.3% to 35.8% compared to last July.
The growth was primarily due to strong performance in key markets, particularly France (+16.4%) and Germany (+12.5%).
In the first seven months of this year, over 2.3 million petrol cars were sold, a substantial increase of 14.3% compared to 2022.
On the other hand, the EU’s diesel car market continued to decline (-9.1% in July), despite growth in Germany (+2.7%) and the Central and Eastern European markets, especially Slovakia (+36.1%) and Romania (+19.8%).
Diesel cars now account for a market share of 14.1%, down from 17.9% in July of the previous year.
In general terms, considering the different types of vehicles, the EU automotive market continued its growth trajectory in July, expanding by 15.2%, marking the twelfth consecutive month of growth.
The fact is that new car registrations reached 851,156 units as the bloc rebounds from last year’s component shortages.
Most markets recorded solid growth, including the four largest ones: France (+19.9%), Germany (+18.1%), Spain (+10.7%), and Italy (+8.7%).
