Home Latest News & Insights EU CAR SALES SURGE IN FEBRUARY 2024

EU CAR SALES SURGE IN FEBRUARY 2024

March 21, 2024
electric car

EU car sales surge. In February 2024, the European Union witnessed a 10.1% increase in new car registrations.

Battery-electric vehicles (BEVs) maintaining a 12% market share, according to the European Automobile Manufacturers’ Association (ACEA).

This growth was reflected across various power categories, including a significant rise in hybrid-electric vehicles, which now represent nearly 29% of the market.

The collective market share of petrol and diesel vehicles saw a decrease, indicating a shift towards more environmentally friendly options.

Notably, petrol cars, while still leading, and diesel vehicles experienced mixed trends across the EU’s largest markets. Diesel sales fell in several countries but increasing in Germany.