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The market share of battery electric cars reached 14.8% in September

In September, the battery-electric car market share reached 14.8%, marking an increase from 14.1% in September the previous year. This was the third time this year that battery-electric cars surpassed diesel, making them the third-most-popular choice for new car buyers. Hybrid-electric cars retained their position as the second most-preferred option, accounting for a significant 27.3% of the market. Although petrol cars are still buyers’ top choice, their market share fell from 35.3% in September 2022 to 34.1% this year.

Source: ACEA

According to ACEA, in September 2023 EU battery-electric car registrations increased by 14.3%, reaching 127,149 units, or 14.8% of the market. Germany, the largest market, declined by a significant 28.6%, which may be linked to incentives for private buyers being reduced from September. However, notably positive performances in three other EU markets – the Netherlands (+70.8%), Sweden (+60.7%), and France (+34.2%) – offset Germany’s decline.

New EU hybrid-electric car registrations increased by 30.5%, primarily driven by robust growth in the bloc’s three largest markets: Germany (+44.1%), Italy (+34.8%), and France (+30.2%). This resulted in a cumulative 28.8% increase, with nearly 2 million units sold in the first three-quarters of the year – around a quarter of the market.

Last month, new EU plug-in hybrid car registrations were relatively stable (+0.4%), totalling 70,578 units. Strong performance in major markets such as France (+35.1%) and Belgium (+71.4%) helped offset Germany’s decline (-45.7%), the largest market for this power source. Overall, the market share of plug-in hybrid cars decreased from 8.9% to 8.2% in September this year.

Overall, new car registrations increased by 9.2% reaching 861,062 units in September, marking the EU car market’s fourteenth consecutive month of growth. Two of the EU’s largest markets saw substantial gains; Italy (+22.7%) and France (+10.7%). Germany’s market was relatively steady, with a tiny 0.1% drop compared to September 2022.

In the first three quarters of 2023, the EU car market grew substantially (+16.9%), totalling eight million registered units. Despite the year-to-date increase, the market remains 20% below the pre-COVID pandemic level of 10 million units in 2019. Except for Hungary (-3.2%), all of the region’s markets recorded gains during these nine months, including the four largest: Italy (+20.5%), Spain (+18.5%), France (+15.9%), and Germany (+14.5%).


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