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Ride Radar > Blog > Uncategorized > European EV market grows for the first time since April
Uncategorized

European EV market grows for the first time since April

Last updated: November 16, 2024 11:17 pm
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The European electric vehicle (EV) market experienced a significant rebound in September, with record-breaking performances from the top-selling models. José Pontes, data director at EV Volumes, discussed the market’s impressive results with Autovista24 journalist Tom Hooker.

In September, a total of 295,724 EVs hit the roads in Europe, marking a 6% increase compared to the same period last year. This growth was primarily driven by battery-electric vehicles (BEVs), which saw a 14% increase in deliveries, reaching 212,640 units. On the other hand, plug-in hybrids (PHEVs) experienced a 9% decline with 83,084 registrations during the month.

BEVs accounted for a 26% market share in September, with BEVs alone representing 19% of total registrations. All-electric vehicles dominated plug-in deliveries, capturing 72% of the market share for the month.

Hybrids, including full and mild hybrids, saw a 12% increase in volumes, surpassing petrol and diesel registrations, which experienced a 19% and 24% decline, respectively. This shift towards electrified powertrains signals a potential long-term trend in the market.

From January to September, a total of 2.13 million plug-in vehicles were delivered to customers, marking a 3% decrease compared to the same period last year. EVs accounted for a 22% share of the market during this period, with BEVs making up 15% of total new-car registrations.

The Tesla Model Y continued to dominate as Europe’s best-selling EV, with 28,995 deliveries in September. The crossover saw high demand in the UK, France, Sweden, Germany, the Netherlands, Norway, and Belgium. Following closely behind was the Tesla Model 3, with 14,967 deliveries, marking a threefold increase compared to last year.

The Skoda Enyaq secured third place with a record 10,085 registrations in September. Strong demand for the crossover was observed in Germany, the UK, and Norway. Meanwhile, the Volvo EX30 claimed the fourth spot with 7,395 deliveries, impacted by the EU’s tariffs on Chinese-built BEVs.

See also  BYD strengthens brand lead in China’s new-car market

Volkswagen’s ID.4 made a comeback with 7,090 deliveries in fifth place, recovering from a slow start earlier in the year. The UK emerged as the highest volume market for three of the top five best-selling EVs in September.

Overall, Europe’s EV market is showing signs of recovery, with countries like Germany and France experiencing a gradual uptick in demand. The future looks promising for the EV sector, with new models entering the market and established brands maintaining their dominance. As the automotive industry continues to transition towards electrification, the European EV market is poised for further growth and innovation.

TAGGED:AprilEuropeangrowsmarkettime
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