The European car market declined in November. Hybrids continued to increase their market share while electric, gasoline, and diesel cars decreased. As the year draws to a close, the European electric vehicle market remains unclear.
It's a mixture of figures, and depending on the source, you might receive two entirely different answers to the question, 'How are EVs performing in Europe?' In November, some countries like Greece, Cyprus, Ireland, and Czechia experienced double- and even triple-digit increases in EV registrations, while others, including Croatia, France, Germany, and Romania, saw double-digit decreases in EV registrations last month compared to the same period last year. These are all members of the European Union, but the European Free Trade Association (EFTA), which includes Iceland, Norway, and Switzerland, also plays a role. The United Kingdom is another significant market to consider. So, how does the electric vehicle market look in Europe? In November, EV registrations in the European Union decreased by 9.5% compared to the previous year, according to the European Automobile Manufacturers' Association (ACEA). However, when including the figures for EFTA and the UK, registrations actually increased by 0.9%. In the first 11 months of the year—arguably a more important metric than monthly figures—EV registrations in the EU declined by 5.4% compared to last year. In the EU, EFTA, and UK, registrations decreased by 1.4%. To date, a total of 1,787,600 EVs have been registered in Europe, down from last year's 1,812,987. Some countries like Germany, France, and Romania reduced or eliminated financial incentives for purchasing all-electric vehicles this year, and this is reflected in their registration numbers