Monthly new passenger car registrations in the European Union declined for the first time in 2024, including battery electric vehicles, which had been on a constant trend upward the past year.
Registrations of all passenger cars fell by 5.2% year-on-year to 1 million units, according to statistics provided by the European Automobile Manufacturers’ Association (ACEA). BEV registrations fell by 11.3% to 134,397 units. While sales in Belgium and France were up by double digits, neighboring Germany slumped by almost 30%. Non-plugin hybrid sales rose by 12.6% while plugin hybrids fell by 6.5%.
ACEA ascribes the downturn to the Easter break and the general economic hardships faced by many, with the four largest markets Germany, Spain, Italy and France the most affected.
Over the course of first quarter, registrations of all cars increased by 4.4% in real terms during, reaching nearly 2.8 million units. January and February both outperformed the same months the year before.
The first quarter of 2024 ended with a total of 332,999 new battery-electric cars, 3.8% up from the same quarter 2024.
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