Published: March 21, 2023 at 3:00 a.m. ET
By David Sachs
Passenger car registrations in the European Union rose in February on the year, with fully electric vehicles taking a bigger share of the market, the European Automobile Manufacturers Association said on Tuesday.
New car registrations, which reflect sales, rose to 802,763, an 11.5% increase over February 2022–a difficult time…
By David Sachs
Passenger car registrations in the European Union rose in February on the year, with fully electric vehicles taking a bigger share of the market, the European Automobile Manufacturers Association said on Tuesday.
New car registrations, which reflect sales, rose to 802,763, an 11.5% increase over February 2022–a difficult time for the industry due to the semiconductor shortage.
Growth occurred in most EU markets, but Spain led the charge, with a 19% increase in registrations, followed by Italy with a 17% jump, according to the association, known as ACEA.
Battery-electric vehicle registrations topped out at 97,300, making up 12.1% of all February car sales in the EU, up from a share of 9.7% in February of 2022.
Most EU countries pushed that progress with significant increases in BEV registrations, including the three largest markets: Germany, up 15%, France, up 46%, and the Netherlands, which was up 89%. BEV sales in the Czech Republic dropped by 3.2% and Slovakia’s BEV registrations fell 28% on year.
Gasoline-fueled car registrations grew 11% and maintain a similar share of the market as a year ago at 37%.
Write to David Sachs at david.sachs@wsj.com
