Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
In March, the European Union’s car market faced its first monthly decline of the year, marking a 5.2% drop to 1 million units — the European Automobile Manufacturers’ Association (ACEA) numbers unveiled on Thursday.
In terms of battery electric vehicles (BEV) registrations, there was an 11.3% decline to 134,397 units, impacting their overall market share. Looking at the first quarter, the EU recorded 332,999 new registrations for fully electric cars, marking a 3.8% increase compared to the previous year.
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In the prominent BEV markets, Belgium experienced a notable growth of 23.8%, alongside France with a 10.9% increase. Conversely, Germany encountered a substantial decrease of 28.9%. Tesla registered in Europe 40,109 units during March resulting in a market share of 2.9 percent among electrified and combustion engine cars.
In the first quarter of year, fully electric vehicles experienced a decline in market share to 13% from last year’s 13.9%, while hybrids surged to 29% from 24.4%.
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For the first quarter of the year, car registrations surged by 4.4%, reaching nearly 2.8 million units. Notably, Italy and France recorded robust growth of 5.7% each, followed by Germany (+4.2%) and Spain (+3.1%).
Last month, out of all powertrain segments, petrol and diesel were the “most significantly impacted by the overall market downturn”. Petrol sales decreased by 10.2%, with notable reductions across most EU markets, including France (-17.7%), Spain (-10.1%), and Germany (-3.4%), ACEA noted in the report.
Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | X
