In the European Union (EU), the number of registered electric vehicles (EVs) has surpassed that of diesel vehicles. Additionally, a survey from the European Automobile Manufacturers’ Association (ACEA) showed that hybrid vehicle registrations were up.
Registrations for battery-electric vehicles rose by 36.3% last month over October 2022. In October of 2023, 121,808 units in total were registered. However, the market for diesel cars continues to contract, falling 13.2% year over year (YoY).
So far this year, 1.2 million new electric vehicles have been sold in the EU. This shows a 53.1% increase over the previous year. Currently, 14% of all cars sold in the EU are electric vehicles.
Battery-electric vehicle registrations in the EU rose sharply in October 2023, rising by 36.3% to 121,808 units. This expansion was facilitated by triple-digit percentage increases in several areas, most notably Belgium (+147.3%) and Denmark (+100.7%). Germany, the biggest market for battery-electric vehicles, experienced a little increase (+4.3%) in October after contracting in September.
October saw a 38.6% increase in new hybrid-electric vehicle registrations in the EU, driven mostly by significant increases in the top three markets in the region: Germany (+57.9%), France (+40.1%), and Italy (+28%). Over a quarter of the market, or 2.2 million units, were sold in the first 10 months as a result, marking a cumulative growth of 29.8%.
Sales of plug-in hybrid electric vehicles decreased to 72,002 units last month, a 5% year-over-year decline. Belgium’s (+70.2%) and France’s (+34.2%) considerable increases could not counteract Germany’s (-49%), the largest market for this power source, drop. Consequently, in October, the market share of plug-in hybrid vehicles dropped from 10.2% to 8.4%.
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