acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121ACEA — 2024-09-19
News from Brussels
In August 2024, new EU car registrations saw a sharp decrease (-18.3%) with negative results across the region’s four major markets: double-digit losses were witnessed in Germany (-27.8%), France (-24.3%), and Italy (-13.4%), with the Spanish market declining by 6.5%.
Eight months into 2024, new car registrations increased by 1.4%, almost reaching 7.2 m units. Spain (+4.5%) and Italy (+3.8%) showed positive but modest performance. On the other hand, the French and the German markets saw their results stagnate (-0.5% and ‑0.3% respectively).
In August 2024, battery-electric cars accounted for 14.4% of the EU car market, down from 21% the previous year. This represents the fourth consecutive month of decline this year, contrasting sharply with the almost consistent month-on-month increases last year. Plug-in hybrid car registrations were also marked by a sizeable 22.3% decline. The combined share of petrol and diesel cars also dropped slightly to 44.3%, down from 45.1%.
Electric cars
In August 2024, registrations of battery-electric (BEV) cars dropped by 43.9% to 92,627 units (compared to 165,204 the same period last year), with their total market share slipping to 14.4% from 21% a year before. This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%). From January to August 2024, 902,011 new battery-electric cars were registered, representing 12.6% of the market.
Plug-in hybrid car registrations saw a decrease (-22.3%) last month, with declines recorded in all their major markets. In August 2024, plug-in hybrids accounted for 7.1% of the total car market, down from 7.4% last year, with 45,590 units sold.
Hybrid-electric vehicles are the only vehicle type that saw growth in August 2024, with car registrations rising by 6.6% to 201,552 units. Three of the four largest markets for this segment recorded gains: Spain (+12.6%), France (+12.5%), and Italy (+2.5%), while Germany (-0.1%) remained stable. The hybrid-electric market share reached 31.3%, up from 24% in August 2023.
Petrol and diesel cars
In August 2024, petrol car sales dropped by 17.1%, all four key markets recording significant declines: France (‑36.6%), Italy (-18.8%), Spain (-17.4%), and Germany (-7.4%). Petrol cars now represent 33.1% of the market, down from 32.6% in August last year.
The diesel car market saw a decline of 26.4%, resulting in a 11.2% share of the market last August. Double-digit decreases were observed in almost all European markets.