- The European automotive market went down in November.
- Hybrids continued to develop their market share whereas electrical, gasoline and diesel vehicles went down.
Because the yr is coming to an finish, the European electrical car market couldn’t be murkier. It’s a mishmash of numbers and relying on the place you look or who you ask, you may get two utterly totally different solutions to the query, “How are EVs doing in Europe?”
In November, some international locations like Greece, Cyprus, Eire and Czechia had double- and even triple-digit will increase in EV registrations, whereas others, reminiscent of Croatia, France, Germany and Romania had double-digit decreases in EV registrations final month in comparison with the identical interval final yr.
These are all members of the European Union, however there’s additionally the European Free Commerce Affiliation (EFTA), which incorporates Iceland, Norway and Switzerland, that may go into the combo. The UK can also be a giant market that must be thought-about.
So, how does the electrical car market look in Europe? In November, EV registrations within the European Union went down 9.5% in comparison with the identical month final yr, in response to the European Vehicle Producers’ Affiliation (ACEA). Nonetheless, when including the numbers for the EFTA and the UK, registrations really went up 0.9%.
Within the first 11 months of the yr–an arguably extra essential metric than the month-to-month numbers–EV registrations within the EU went down 5.4% in comparison with final yr. Within the EU, EFTA and UK, registrations went down 1.4%. Up to now, a complete of 1,787,600 EVs have been registered in Europe, down from final yr’s 1,812,987. Some international locations like Germany, France and Romania lowered or eliminated monetary incentives for getting all-electric autos this yr, and it exhibits of their registration numbers.
The one energy supply that noticed constant features all year long is hybrid electrical. Final month, hybrid car registrations elevated by 16.4% in comparison with final yr. 12 months-to-date, 3,704,732 hybrids have been registered within the EU, EFTA and UK, an 18.7% improve year-on-year.
Photograph by: ACEA
Month-to-month automotive registrations in Europe, November 2024
Photograph by: ACEA
January-November 2024 car registration numbers in Europe
Plug-in hybrids (PHEVs) went down 8.6% in November, with 83,400 registrations. 12 months-to-date, PHEVs recorded a lower of 4.6% with a complete of 860,739 models registered. Gasoline- and diesel-powered vehicles have been additionally down. Gasoline car registrations declined 12.4% in November and 6.6% after 11 months. In the meantime, diesel registrations went down 15.4% final month 11.6% year-to-date.
Total, the European automotive market, together with the EU, EFTA and UK, went down 2% in November. 12 months-to-date, the market went up a really modest 0.6%, a rise attributed nearly solely to the uptick in hybrid car registrations.
All this being mentioned, in all probability an important takeaway is that the market share for each gasoline and diesel vehicles is shrinking. Eleven months into 2024, gasoline autos have a 33.4% market share, down from 36% final yr, whereas diesel vehicles have 10.6%, down from 12% final yr. All-electric autos have a 15.1% market share, down from 15.4% final yr. Plug-in hybrids went down from 7.6% final yr to 7.2%, whereas hybrids soared from 26.5% market share within the first 11 months of final yr to 31.2% this yr.
