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EVs Lose Share And Hybrids Gain As Europe’s Car Market Dips In March

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Electric Vehicles,Europe,Hybrids

EU car registrations dropped by 5.2 percent in March versus the same month last year, but sales of BEVs fell 11.3 percent and sales of petrol and diesel cars were hit even harder

EU registrations fell by 5.2 percent in March compared with March 2023 Sales of EVs fell by 11.3 percent as buyers shunned full-electric power Hybrid registrations climbed 12.3 percent, but

sales fell by 6.5 percent Car sales in Europe dropped in March for the first time this year, but the figures reveal that the pain wasn’t equally distributed. EVs lost a disproportionate number of buyers, adding further stress to automakers who have invested heavily in pure-electric tech while hybrid vehicles increased their slice of the car-buying pie. EU registrations were still up compared with February’s numbers, but of more importance is that they were down 5.

registrations fell by 6.5 percent, taking their market share to 7.1 percent. Fuel typeSales vs March 2023 Market Share 2024/2023 Electric-11.3%13 / 13.9Hybrid12.6%29 / 24.4 -6.5%7.1 / 7.2Petrol-10.2%35.4 / 37.4Diesel-18.5%14.4 / 12.4Figures courtesy of ACEA But spare a thought for dealers struggling to offload straight petrol and diesel cars. Petrol registrations were down 10.2 percent and diesel’s slumped by a whopping 18.5 percent. Those figures should probably be viewed alongside the market share numbers, though, because they remind us that non-assisted combustion cars are still huge players - for now. Petrol cars’ share of the March sales totals stands at 35.

 

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