Data published by the European Automobile Manufacturers Association (ACEA) showed that in January, the number of registrations of new passenger cars in the European Union rose by 12.1% per year, to 851,690 units, after falling by 3.3% per year in December.
The data also showed that the number of registrations of new passenger cars in Germany increased by 19.1% per annum. A significant increase was also recorded in Italy (+10.6% per annum), France (+9.2% per annum), and Spain (+7.3% per annum).
ACEA said that in January, the battery-electric car market share rose to 10.9% from 9.5% in January 2023. Overall, new battery-electric car sales surged by 28.9% to 92,741 units. Hybrid-electric cars commanded a share of nearly 30%, solidifying their position as the second most preferred choice among EU car buyers. New registrations of hybrid-electric cars increased by 23.5%, to 245,068 units. The combined market share of petrol and diesel cars totaled almost 50% compared to 54% in January 2023. The petrol car market expanded by 4%, to 299,914 units, while the diesel car market contracted by 4.9%, to 114,415 units.