In May, the market share of battery electric cars saw a substantial increase from 9.6% to 13.8%. Hybrid electric cars are now the second-most popular choice for new car buyers, accounting for almost a quarter of the market. However, petrol cars still have the largest share at 36.5%.

Last month, new registrations of battery electric cars in the EU experienced a significant boost, rising by 70.9% to reach 129,847 units. This equates to a market share of 13.8%, and a four-percentage-point increase compared to May 2022 (9.6%). Most EU markets recorded impressive double- and triple-digit percentage gains, including the four largest: the Netherlands (+118.4%), Sweden (+82.6%), France (+48.7%), and Germany (+46.6%). Overall, this resulted in a cumulative increase of 50.5%, with over half a million units sold from January to May.

Hybrid electric cars maintained their growth momentum, as sales increased by 27.6% to reach 234,380 units in May. This result was largely driven by double-digit growth in the EU’s four largest markets: Germany (+54.5%), Italy (+27.2%), France (+22.1%), and Spain (+10.3%). As a result, hybrid electric cars are the second-most popular choice for new car buyers, accounting for almost a quarter of the market (up from 23.2% in May 2022).

The EU market for new plug-in hybrid cars declined slightly, with registrations decreasing by 0.6% in May. This decline was primarily driven by a significant drop in sales in Germany (?40.5%), the largest market for this fuel type, as incentives for plug-in hybrids were discontinued at the end of 2022. As a result, the overall market share of plug-in hybrid cars decreased to 7.4% from 8.8% in May last year.

New cars by fuel type in the EU. ACEA

All the EU’s four largest markets grew

In May 2023, the EU car market saw a significant increase in passenger car registrations, with nearly 1 million units, marking a 18.5% growth from the previous year. This is the tenth consecutive month of growth.

From January to May 2023, the EU car market grew by 18%, to 4.4 million registered cars. Although the market improved in May, year-to-date sales are still 23% lower compared to the same month in 2019, when 5.7 million units were registered. In this five-month period, there were double-digit gains in most markets, including the four largest: Spain (+26.9%), Italy (+26.1%), France (+16.3%), and Germany (+10.2%).