Written by Cláudio Afonso | LinkedIn | X
New car registrations in the European Union increased by 4.3% in June 2024, driven by significant gains in Italy, Germany, and Spain, according to industry data released on Thursday by ACEA.
According to the European Automobile Manufacturers’ Association (ACEA), Italy led the growth with a 15.1% increase, followed by Germany at 6.1% and Spain at 2.2%. In contrast, France saw a decline of 4.8% in new car registrations.
In June, battery-electric vehicles (BEVs) accounted for 14.4% of the EU car market, a slight decrease from 15.1% the previous year.
Hybrid-electric vehicles saw a significant increase in market share, rising from 24.4% to 29.5%. The combined share of petrol and diesel vehicles fell to 47.1%, down from 49.6%.
Registrations of BEVs in June declined by 1% to 156,408 units, with their market share dropping to 14.4% from 15.1%.
Despite substantial growth in Belgium (+50.4%) and Italy (+117.4%), these gains were overshadowed by double-digit declines in Germany (-18.1%), the Netherlands (-15%), and France (-10.3%).
In the first half of the year, 712,637 new BEVs were registered, marking a modest 1.3% increase year-on-year, representing 12.5% of the market.
Plug-in hybrid registrations plummeted by 19.9% in June, with significant declines in Belgium (-49.2%), France (-21.7%), and Germany (-3.4%). Plug-in hybrids accounted for 6.1% of the market, down from 7.9% last year, with 66,482 units sold.
Hybrid-electric vehicles were the only powertrain category to post growth, with registrations increasing by 26.4% to 321,959 units. Double-digit gains were recorded in all major markets: France (+34.9%), Italy (+27.2%), Spain (+23%), and Germany (+16.5%).
This growth pushed the hybrid-electric market share to 29.5%, up from 24.4% in June 2023.
Sigrid de Vries, Director General of the ACEA, has recently said that “Europe may not be able to match China or the US when it comes to the speed or amount of public money and state support for critical industries or more competitive energy costs”.
In a reaction to the tariffs on China-made EVs, ACEA has reiterated the critical role of free and fair trade in enabling a globally competitive European automotive industry.
“What the European automotive sector needs above all else to be globally competitive is a robust industrial strategy for electromobility,” said Sigrid de Vries, Director of ACEA.
Last month, the US administration announced tariffs of 25 percent on steel and aluminum, 50 percent on semiconductors, 100 percent on electric vehicles, and 50 percent on solar panels.
Written by Cláudio Afonso | LinkedIn | X
