The European electric vehicle (EV) market experienced a slight decline in 2024 after years of growth, according to data from EV Volumes. Despite this, December saw a rebound in registrations, with over 298,000 deliveries recorded, marking the highest volume total since June 2023.
In 2024, battery-electric vehicles (BEVs) dominated the market, accounting for 67.7% of all plug-in registrations. Plug-in hybrids (PHEVs) made up the remaining 32.3%, with BEVs outperforming PHEVs in terms of delivery decline.
Leading the European EV market for the third consecutive year was Tesla, with the Model Y and Model 3 leading the plug-in market. Despite a 10.4% decline in deliveries compared to 2023, Tesla maintained its position at the top with over 328,000 registrations.
BMW secured second place with 292,407 registrations, marking a 10.7% increase from the previous year. Mercedes-Benz followed in third place, posting a record 258,677 registrations and a growth of 10%.
Volvo made significant progress in 2024, moving up to fourth place from sixth in 2023. The manufacturer recorded its best-ever total of 239,255 deliveries, representing a 42% surge year-on-year.
Volkswagen (VW) fell to fifth place in 2024, experiencing a 6.7% decline in volumes compared to the previous year. Audi, Kia, Peugeot, Skoda, and Hyundai rounded out the top 10, each showcasing varying levels of growth or decline in registrations.
In December, Tesla reclaimed the top spot in the market with over 44,000 deliveries, driven by strong performances from the Model Y and Model 3. BMW, VW, Mercedes-Benz, and Volvo followed in the top five for the month.
Overall, European brands saw mixed results in December, with Audi, Renault, Cupra, Skoda, and Hyundai securing positions in the top 10 rankings. Despite fluctuations in volumes, the EV market in Europe continues to show resilience and growth potential.
For more insights into the European EV market and to compare different models, visit Autovista24’s platform.
