In August, the market share of battery-electric cars exceeded 20% for the first time (up from 11.6% in August last year), overtaking diesel for the second time this year and becoming the third-most-popular choice for new car buyers. Hybrid-electric cars held position as buyers’ second choice, with a 24% market share. While petrol cars are still the most popular choice, market share decreased from 38.7% in August 2022 to 32.7%.

Electric cars: In August 2023, EU battery-electric car registrations increase by 118.1%, reaching 165,165 units, accounting for 21% of the market. Except for Malta (-22.6%), all EU markets saw double- and triple-digit percentage growth, with Germany, the largest market by volume, growing by 170.7%. Belgium recorded the highest growth rate of 224.5%. Overall, battery-electric car sales increased by a significant 62.7%, with nearly 1 million units registered from January to August.

EU hybrid-electric car: Registrations expanded by 29%, primarily driven by growth in three of its four largest markets: Germany (+59%), France (+38.7%), and Spain (+21.5%), while Italy recorded a slight decline (-2.3%). This resulted in a cumulative 28.6% increase, with nearly 1.8 million units sold between January and August, equivalent to a quarter of the market.

EU plug-in hybrid car: Registrations grew by 5.5%, totaling 58,557 units. Major markets such as the Netherlands (+44.7%), France (+40.5%), and Sweden (+24.9%) helped offset a decline in Germany (-41.1%), the largest market for this power source. Despite this growth, the market share of plug-in hybrid cars decreased from 8.5% to 7.4% in August this year.

Petrol and diesel cars: in August, the EU petrol car market slightly increased by 2.1%, with its market share decreasing from 38.7% to 32.7% compared to August 2022. A strong performance in Italy (+25.3%) and France (+21.5%) primarily drove this growth, while most of the bloc’s markets declined.

Conversely, the EU’s diesel car market continued its decline in August (-6%), despite growth in Germany (+9.2%) and Central and Eastern European markets, notably Slovakia (+22.6%) and Romania (+19.4%). Diesel cars now have a market share of 12.5%, down from 16.1% in August of the previous year.