Although the market grew substantially over the first ten months of the year, totaling nearly nine million units, it is still far from the volumes recorded before Covid-19.
All-electric isn’t happening right away. 100% electric vehicles confirmed their decline in October, reaching 14.2% of the European market, according to sector statistics published on Tuesday. Electrics, which represented 12% of sales in the European Union at the end of 2022, had reached 21% market share in August 2023, before dropping off in September.
Over the first ten months of the year, however, with 14% of sales, electric vehicles exceeded the diesel(12%). Gasoline cars remain in the lead with 33.4% of sales, ahead of hybrids (29%). All energies combined, the European market continued its recovery with 855,484 new penger cars registered in EU countries, an increase of 14.6% over one year, said the ociation of European Automobile Manufacturers (ACEA) in a press release.
Volkswagen, number one in electric vehicles in Europe
Over the first ten months of the year, the market grew substantially (16.7%), totaling nearly nine million units. But it is still far from the volumes recorded before Covid-19 which disrupted the supply chainsnotably electronic chips. This ten-month trend was driven by the largest national markets, such as Germany (+13.5%), France (+16.5%), Italy (+20.4%) and Spain (+18.5%).
The German group Volkswagen consolidated its first European position over the same period, at 26.1% market share, seeing its registrations rebound by 20.5% compared to the first ten months of 2022, thanks in particular to the Skoda and Audi whose sales increased by a quarter. At the same time, its Franco-Italian-American rival Stellantis lost almost two points of market share to 18.4%, the growth in its registrations (+6%) being lower than the general trend. Two brands even moved into the red, Fiat (-1.8%) and Citroën (-1.5%). The Renault group also continues its rebound (10.9%, or +21.2% over one year), in particular thanks to its economical brand Dacia.