21 February 2023In January 2023, the European Union passenger car market grew by 11.3% to 760,041 units, starting the new year on a positive note. However, this was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached..At a country level, the region’s positive performance was reflected in three of the four key markets. The strongest gains were seen in Spain (+51.4%) and Italy (+19.0%), followed by France, with a more modest but still solid growth (+8.8%). The exception to this trend was Germany, which recorded a 2.6% decline last month..Fuel types of new carsDuring the first month of 2023, battery electric and hybrid passenger car registrations in the EU continued to grow, accounting for 9.5% and 26.0% of the market respectively. Nonetheless, petrol remained the most popular fuel type for newly-registered cars in the EU, with a market share of 37.9%..Electric carsJanuary registrations of new battery electric vehicles (BEVs) increased by 22.9%, reaching 71,984 cars registered across the EU and a market share of 9.5% (against 8.6% in January 2022). Most of the region’s markets contributed significantly to this growth, with double- and triple-digit percentage gains. However, there were a few exceptions in some of the EU’s biggest volume markets for this powertrain: Germany (-13.2%), Sweden (-18.5%) and Italy (‑8.7%)..Hybrid electric vehicles (HEVs) also had a strong start of the year. Their volumes grew by 22.1% to 197,982 units, sustained by double-digit gains in the region’s four biggest markets: Spain (+59.3%), Italy (+24.7%), Germany (+19.0%), and France (+12.5%). This resulted in a market share of 26.0%, a 2.3 percentage-point improvement compared to January 2022.On the other hand, EU plug-in hybrid vehicle (PHEV) sales declined by 9.9% to 53,649 units in January, as registrations more than halved in Germany (-53.2%), which until last year was the largest market by volume for such cars. As a result, the market share for PHEVs contracted from 8.7% in January 2022 to 7.1% this year. .Petrol and diesel carsRegistrations of new petrol cars in the EU recorded a 12.3% uplift in January, contributing to the expansion of their market share to 37.9% (against 37.6% in 2022)..Click the link below to read the full press release.Passenger car registrations: +11.3% in January 2023, battery electric 9.5% market share
21 February 2023In January 2023, the European Union passenger car market grew by 11.3% to 760,041 units, starting the new year on a positive note. However, this was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached..At a country level, the region’s positive performance was reflected in three of the four key markets. The strongest gains were seen in Spain (+51.4%) and Italy (+19.0%), followed by France, with a more modest but still solid growth (+8.8%). The exception to this trend was Germany, which recorded a 2.6% decline last month..Fuel types of new carsDuring the first month of 2023, battery electric and hybrid passenger car registrations in the EU continued to grow, accounting for 9.5% and 26.0% of the market respectively. Nonetheless, petrol remained the most popular fuel type for newly-registered cars in the EU, with a market share of 37.9%..Electric carsJanuary registrations of new battery electric vehicles (BEVs) increased by 22.9%, reaching 71,984 cars registered across the EU and a market share of 9.5% (against 8.6% in January 2022). Most of the region’s markets contributed significantly to this growth, with double- and triple-digit percentage gains. However, there were a few exceptions in some of the EU’s biggest volume markets for this powertrain: Germany (-13.2%), Sweden (-18.5%) and Italy (‑8.7%)..Hybrid electric vehicles (HEVs) also had a strong start of the year. Their volumes grew by 22.1% to 197,982 units, sustained by double-digit gains in the region’s four biggest markets: Spain (+59.3%), Italy (+24.7%), Germany (+19.0%), and France (+12.5%). This resulted in a market share of 26.0%, a 2.3 percentage-point improvement compared to January 2022.On the other hand, EU plug-in hybrid vehicle (PHEV) sales declined by 9.9% to 53,649 units in January, as registrations more than halved in Germany (-53.2%), which until last year was the largest market by volume for such cars. As a result, the market share for PHEVs contracted from 8.7% in January 2022 to 7.1% this year. .Petrol and diesel carsRegistrations of new petrol cars in the EU recorded a 12.3% uplift in January, contributing to the expansion of their market share to 37.9% (against 37.6% in 2022)..Click the link below to read the full press release.Passenger car registrations: +11.3% in January 2023, battery electric 9.5% market share
