European Car Market Shrank In March As Share Of EVs Falls

Registrations of new cars in Europe fell in March for the first time this year with the share of electric cars falling below last year’s levels, according to official data released Thursday.Some 1.03 million new passenger cars were registered last month in the European Union, down 5.2 per cent from a year earlier, the European Automobile Manufacturers Association said in its monthly report.The strongest growth was in France and Italy which saw registrations rise 5.

Even though Europe plans to ban the sale of new internal combustion engine cars by 2035, sales of electric cars have stalled in the past few months.In March, only 13 per cent of new registrations were electric, up slightly from 12 per cent in February, but down from 14.6 per cent for all of last year.

In Germany alone, registrations of electric cars fell 28.9 per cent. On the other hand, hybrid cars accounted for 29 per cent of the market in March, up from 24.4 per cent in March a year ago. The Volkswagen group, which also includes Audi and Skoda, remained the largest seller of cars in Europe though its share of the market shrank 0.8 points to 24.9 percent.Among gainers, hybrid-specialist Toyota saw its share jump 1.1 points to 8.1 per cent.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

8 dead in car bomb at north Syria market: monitorA bomb exploded in a shopping area in a northern Syrian city held by pro-Turkish forces early Sunday, killing eight people and wounding
Herkunft: GuardianNigeria - 🏆 1. / 94 Weiterlesen »

Nigerian Equities Market Sees Negative Returns Amidst Global Stock Market DownturnFollowing the recent increase in the benchmark interest rate by the Central Bank of Nigeria, the Nigerian equities market has experienced three consecutive weeks of negative returns. This decline is in line with the global stock market trend, as geopolitical crisis and rising oil prices have dampened investors' appetite. While major stock indices in the US, UK, Japan, and Europe have all declined, China's SSE Index has seen a slight increase.
Herkunft: TheNationNews - 🏆 6. / 69 Weiterlesen »