EU Car Market Grows
New vehicle registrations totaled 2.82 million units between January and March, as reported by the European Automobile Manufacturers’ Association. When taking into account a wider European region that includes the EU, the European Free Trade Association, and the UK, overall sales climbed by 4.1% to reach 3.52 million units.
Within the EU’s major markets, Italy experienced the fastest growth, with sales rising by 9.2%, while Spain followed with an increase of 7.6%.
Battery-electric vehicles were the main driver of market growth, with registrations surging 32.5% year-on-year to 546,937 units. This category accounted for 19.4% of all new car sales. Italy saw a particularly sharp rise in battery-electric demand at 65.7%, while Germany and Spain also recorded strong gains of 41.3% and 41.6%, respectively.
Hybrid-electric models remained the dominant choice among buyers, representing 38.6% of total market share. Their registrations increased by 12.8%, reaching 1.08 million units. Meanwhile, plug-in hybrid vehicles also posted significant growth, rising 29.7% to 268,344 units.
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