Europe Car Sales Rise 10% in September Amid EV Surge
Electric cars accounted for 32.6% of sales, while Chinese automakers nearly tripled or doubled registrations, Reuters reported.
- On Thursday, the European Automobile Manufacturers' Association released data showing new-car registrations rose 10.2% to 1.36 million vehicles across the European Union, Britain, and the European Free Trade Association in September.
- Strong demand for electrified vehicles drove the growth, with battery-electric, plug-in hybrid, and hybrid registrations jumping 59.9%, 24%, and 5.3% respectively and accounting for 76.2% of all new vehicles.
- Conversely, petrol and diesel registrations fell 20.6% and 28.2% respectively, while Chinese automakers Chery and BYD nearly tripled and doubled sales, with Geely and SAIC reporting increases of more than 33% and 23%.
- The four Chinese carmakers' combined market share rose to 14.6% from 9.6% a year earlier, while Volkswagen and Renault registrations declined between 2.9% and 0.7%, and Stellantis gained 4.5%.
- This transition in Europe, supported by purchase incentives and broader model lineups, reveals a structural shift away from traditional fuels toward electrified vehicles as the automotive market undergoes fundamental transformation.
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The Association of European Automotive Manufacturers (ACEA) announced that the European Union passenger car market had grown by 5.7 per cent since the beginning of the current year, despite the challenges associated with high energy prices and the repercussions of geopolitical tensions.
The registrations of electric passenger cars in Europe grow by almost 73% in September against a rise in the global market of 9% with a collapse of combustion vehiclesThe cars of companies, a key factor in electrification and to boost employment The increase of energy and geopolitical uncertainty have not slowed the demand for new cars in Europe, although they are driving a strong advance in electrification.The registrations of pure electric pas…
Tesla's sales in Europe shot last month, demonstrating that Elon Musk's electric vehicle assembler continues to gain ground in a region where Chinese rivals also record strong expansion. Exclusive material for subscribers. To have full access, access the material link and register.
In a statement, the association pointed out that the market for new passenger vehicles has shown a remarkable resilience, despite the challenging macroeconomic environment, marked by the persistent increase in energy prices and geopolitical uncertainty.
Kreiszeitung
The European new car market increased significantly in September. Electric cars were in particular in demand again.
Free Malaysia Today News
online-listing.comElectric, hybrid models push European car sales in September
New car sales in the European Union rose 9.3% year-on-year to 971,048 units last month, bringing the total for the first nine months to 8.5 million.
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