Electrifieds Lead EU New-Vehicle Sales
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
Gas and diesel registrations continue to decline in the European Union, where hybrids are the most popular new-vehicle power train.
Pexels/Ashley Fontana
New-vehicle sales are down in Europe so far this year, and electrified models continue to outpace gas and diesel options in a trend that could intensify with the U.S.-Israel-sparked war in the Middle East driving up oil prices.
Registrations in the European Union fell 1% year-over-year in February, according to the European Automobile Manufacturers’ Association, or ACEA. The results showed a marked improvement over January’s 4% decline.
Battery-electric market share has been about 19% so far this year, up from 15% a year earlier, ACEA said. Hybrids continued to be the leading power train among all types at 39% market share.
Meanwhile, combined gas and diesel market share was down to about 31%, compared to 39% a year earlier. All major EU markets saw declines in gas registrations in particular as gas vehicle sales across the region fell 23%, led by France with a 49% drop, ACEA said.
The trade group pointed out that plug-in hybrids are gaining steam on the continent, taking about a 10% share, up from 7% a year earlier. It said that growth emphasizes “the importance of a technology-neutral pathway to decarbonization.”
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