Electric Vehicles

EU EV Market Growing
A lot of new cars in the European Union, where EVs are gaining evermore market share over these ICEs.

EU EV Market Growing

By Simon Johns - Nov 27, 2023

The EU EV market is growing apace, with registrations increasing by triple-digits in some states. Year-to-date sales reached 1.2 million, 53.1% more than the same month in 2022, which snagged a 14% market over the 10 months this year, according to data gathered by the European Automobile Manufacturers’ Association.

Belgium registered 147.3% more BEVs in October, with Denmark clocking 100.7% growth. Germany, the largest market for BEVs, grew by 4.3% in the same month, having had a slow September.

New EU registrations of hybrid-electric cars rose by 38.6%, driven by the bloc’s top-three markets, Germany, France and Italy. Between them, they accounted for an increase of 29.8%, totalling 2.2 million units sold in the first 10 months of the year, ACEA said.

As the EU EV market keeps growing, plug-in hybrids sales fell by 5% year-on-year to 72,002 units. This decline was most acutely seen in Germany, where 49% fewer plug-in hybrids were bought in October. Strong growth in Belgium of 70.2% and France of 34.2% wasn’t enough to compensate for Germans turning away from plug-ins.

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