In A First, EV Registrations Outpace Diesel In European Union

- Advertisement -
- Advertisement -

About 1.2 million new EVs have been sold in the EU this year. This indicates a growth of 53.1% over last year. EVs now hold a 14% market share of total cars sold in the EU.

Electric Vehicle (EV) registrations have outpaced diesel vehicle registrations in the European Union (EU). A European Automobile Manufacturers’ Association (ACEA) report also revealed higher registrations for hybrid vehicles.

Last month, battery-electric car registrations increased by 36.3% compared to October 2022. In numbers a total of 121,808 units were registered during October 2023. On the other hand, the diesel car market continued to decline, and year on year (YoY), it fell 13.2%.

- Advertisement -

A total of 1.2 million new EVs have been sold in EU so far this year. This indicates a growth of 53.1% over last year. EVs now hold 14% market share of total cars sold in EU.

Report by European Automobile Manufacturers’ Association (ACEA)

In October 2023, EU registrations of battery-electric cars increased significantly, growing by 36.3% to reach 121,808 units. Several markets contributed to this expansion with triple-digit percentage increases, particularly Belgium (+147.3%) and Denmark (+100.7%). Following a slowdown in September, Germany – the largest market for battery-electric cars – grew modestly (+4.3%) in October.

New EU registrations of hybrid-electric cars surged by 38.6% in October, propelled by substantial growth in the region’s top three markets: Germany (+57.9%), France (+40.1%), and Italy (+28%). This contributed to a cumulative increase of 29.8%, totalling 2.2 million units sold in the first ten months, representing over a quarter of the market.

Plug-in hybrid electric car sales dropped by 5% year on year to 72,002 units last month. Despite notable increases in Belgium (+70.2%) and France (+34.2%), this was insufficient to offset Germany’s decline (-49%), the largest market for this power source. As a result, the market share of plug-in hybrid cars decreased from 10.2% to 8.4% in October.

Also Read: Greaves Debited FAME Subsidies From Dealer Accounts?

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Europe

European Car Market’s Best Post-Pandemic Year, Driven By 2 Million EVs

0
In 2023, Tesla surpassed Nissan and Volvo as battery-electric vehicles (EVs) neared the sales of diesel cars. For the first time in Europe, EV...

Global EV Sales: 69% Annual Increase, 26% Monthly Decrease – Rho Motion

0
In January, sales of fully electric cars and plug-in hybrids reached 1.1 million, an increase from 660,000 in January 2023. In January, global electric vehicle...

India Shifts Towards Expensive Smartphones, Market Stabilised With 2% YoY Decline In 2023

0
The Indian smartphone market is expected to grow by 5% for 2024, driven by 5G adoption and device upgrades. India's smartphone market experienced a slight...

Buzz

AI

Big Techs Collate To Protect Elections From AI Deception

0
The signatories of the tech accord include OpenAI, Microsoft, Adobe, and social media platforms like Meta Platforms, TikTok, and X. On February 16, a coalition...

CERC Issues Tariff Regulations For Renewable Energy Sources

0
The regulations empower CERC to relax provisions under special circumstances and address implementation difficulties. The Central Electricity Regulatory Commission (CERC), using its authority under the...

Tata Group On Partnership Lookout For Dholera Plant, Could Be UMC Or PSMC

0
The plant will start with initial capacity of 25,000 wafers per month, to 700-1,000 semiconductor chips per day at full efficiency. The Tata Group is...

Important Sectors

With Electric Vehicles, The Vehicle Service Industry Will Undergo The Biggest Disruption

0
With electric vehicles (EVs) becoming mainstream in India, how is the vehicle service sector responding? As this sector employs a large fraction of individuals...

CERC Issues Tariff Regulations For Renewable Energy Sources

0
The regulations empower CERC to relax provisions under special circumstances and address implementation difficulties. The Central Electricity Regulatory Commission (CERC), using its authority under the...

Tata Group On Partnership Lookout For Dholera Plant, Could Be UMC Or PSMC

0
The plant will start with initial capacity of 25,000 wafers per month, to 700-1,000 semiconductor chips per day at full efficiency. The Tata Group is...

Indian Govt Announces Two Multi-Billion Dollar Semiconductor Plants

0
India aims to further its success in electronics manufacturing, targeting $300 billion by 2026-27 The government has received four proposals for semiconductor manufacturing...

Applied Ventures Invests In VVDN Technologies To Boost Semiconductor Ecosystem

0
The investment underscores Applied Ventures' dedication to nurturing innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing landscapes. Applied Ventures, LLC has announced a...

Manufacturing

BorgWarner Produces E-Motor Parts For Chinese Automaker

0
In January 2024, production started for use in XPeng's X9 MPV; stator winding technology provides exceptional power density and efficiency, while oil cooling enhances...

Volkswagen Group And M&M Ink Supply Deal For MEB Components

0
The agreement includes the provision of specific electric components and unified cells. Volkswagen Group and Mahindra & Mahindra (M&M) have finalized the first supply agreement...

ZF Launches TN plant, Eyes EV Growth And Exports; Plans INR 1800 Cr Investment

0
The Oragadam facility marks ZF's 19th in India and 10th in TN, with 80% of its workforce expected to be women. In the first...

StoreDot’s Fast-Charging Cells Hit 100 Miles In 4 Minutes

0
StoreDot achieved its '100in4' goal ahead of schedule in early prototype tests through a series of cell improvements, enabling extremely fast charging with existing...

CG Power, Renesas, And Stars Microelectronics To Establish Chip Plant In India

0
The Murugappa Group, a new player in the Indian electric vehicle (EV) market and based in Chennai, stands to gain from the internal provision...