Europe Gravitates to Hybrids
It was the only power train to post growth on the continent in June.
Italy's new-vehicle registration growth topped all other European Union markets in June at 15%.
Pexels/Lewis McNeal
Europeans, like Americans, continue to shift more of their electrified vehicle purchases to hybrids, as June registrations on the continent showed increased market share in the segment while purely electric model sales fell slightly.
As European Union new-vehicle sales rose 4% for the month and about 5% in the first half of the year to 5.7 million units, hybrids substantially grew their market share, from 24% to about 30% in June, according to the European Automobile Manufacturers’ Association. In fact, it was the only power train category to grow, posting a 26% gain.
Meanwhile, pure-electric vehicles’ market share was down from 15% to 14% year-over-year. Combined gas- and diesel-powered vehicles’ share was down from about 50% to 47%.
The group said overall new registrations were still down 18% from before the pandemic.
Originally posted on Auto Dealer Today
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