Posted on 19 Apr 2024
New battery electric vehicle (BEV) sales in the European Union dropped 11.3% year-on-year in March, reflecting the broader market downturn, ACEA said on Thursday.
According to the European automotive trade body, in general, new car sales in the EU were also negatively impacted by the earlier timing of the Easter holidays. Total registrations in the bloc fell 5.2% to 1 million units.
The data shows BEV registrations totalled 134.397 units, with the three largest markets for the powertrain posting a mixed performance. Belgium saw its uptake rise 23.8% on-year, while France followed with a 10.9% rise. In Germany, however, BEV sales plunged 28.9%. As a result, the market share for all-electric cars shrunk by 9 percentage points, Kallanish notes.
Demand for plug-in hybrids (PHEVs) dropped 6.5% to 73,029 units. Germany and Belgium saw registrations decline 4.5% and 15.3%, respectively. However, France countered the trend with a modest 3.6% rise.
Yet, despite the decline in chargeable models, hybrid electric cars (HEVs) continued their growth pattern with a 12.6% annual increase in March. In total, the EU registered 299,426 new HEVs, leading to a market share of 29% -- up from 24.4% in March 2023.
Source:Kallanish
