A Closer look at Electric cars

In June, new registrations of battery-electric cars in the EU increased by a significant 66.2%, reaching 158,252 units. This resulted in a market share of 15.1% (up from 10.7% in June 2022) and positioned battery-electric cars as the third most popular choice among new car buyers, overtaking diesel for the first time. Most EU markets recorded impressive double- and triple-digit percentage gains, including the largest, such as the Netherlands (+90.1%), Germany (+64.4%), and France (+52.0%). This contributed to a year-to-date growth of 53.8%, with 703,586 units sold between January and June.

New hybrid-electric car registrations increased by 32.4% in June, reaching 254,100 units. This growth was primarily driven by substantial gains in the bloc’s largest markets: Germany (+59.1%), Italy (+29.9%), France (+27.9%), and Spain (+22.7%). Cumulatively, hybrid-electric car sales recorded a notable 27.9% increase from January to June, reaching ~1.4 million units and capturing 25% of the market.

In June, the EU market for new plug-in hybrid cars rebounded, with registrations increasing by 13.4%. Although there was a significant 39.2% sales decline in Germany, the largest market for this fuel type, the substantial increase in France (+49.9%) and Spain (+51.7%) largely offset this decline. The overall market share of plug-in hybrid cars decreased to 7.9% from 8.2% in June last year, despite June’s increase in registrations.

*ACEA

The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group.