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

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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Plugin EVs Take Nearly 28% Market Share in France in MarchIn March, plugin electric vehicles (EVs) accounted for 27.9% of the auto market in France, showing growth compared to the previous year. Full electric volume increased by 11% year-on-year, while plugin hybrid volume grew by 4%. The Peugeot e-208 remained the top-selling full electric vehicle for the third consecutive month.
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Plugin EVs Take 22.9% Share of UK Auto Market in MarchMarch saw plugin EVs take 22.9% share of the UK auto market, with full electrics (BEVs) losing 1% share and plugin hybrids (PHEVs) growing. The leading BEV brand was Tesla, ahead of BMW. The brands shedding volume YoY were Tesla, MG, Volkswagen, and Polestar.
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Plugin EVs' Market Share in Sweden Decreases in MarchIn March, plugin electric vehicles (EVs) accounted for 58.1% of the auto market in Sweden, showing a decrease compared to the previous year. While plugin hybrid volumes slightly increased, battery-electric vehicle (BEV) volumes decreased significantly. The overall auto volume was also affected by the decrease in registration days. The decline in BEV registrations can be attributed to the reduction of purchase incentives.
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