According to the European Automobile Manufacturers’ Association (ACEA), the number of new automobile registrations in the EU decreased in the first five months when compared to the same period last year.
Battery-electric cars now account for 15.4% of the market, a further gain, but according to ACEA, they are “still far from where it needs to be.” Just in May, there was a 1.6% increase in the number of cars registered compared to the same month last year. EV sales increased by 25% as a result of this. With a sharp increase in the first five months and a 35.1% market share, the hybrid-electric vehicle has emerged as the most popular vehicle type by power source.
Sales of battery-electric cars surged in three of the EU’s four biggest auto markets, accounting for about two-thirds of total battery-electric car sales. Compared to the same period last year, Germany witnessed a rise of 43.2%, Belgium 26.7%, and the Netherlands 6.7% in the first five months. Despite a 7.1% decrease, France experienced a 38.3% increase in hybrid-electric vehicles.
In comparison to the prior year, the latter group had an almost 20% increase throughout the EU between January and May. For the first five months, overall automobile sales in Spain, the only one of the four largest EU economies (together with France, Germany, and Italy), were up year over year.
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