In contrast, France fell 4.8% last month.
According to the European Automobile Manufacturers Association (ACEA) which represents the 15 major manufacturers of cars, trucks, vans and buses based in Europe, in the first half of 2024, new car registrations increased by 4.5%, reaching almost 5, 7 million units. However, sales volumes remain relatively low (-18%) compared to pre-pandemic levels. The EU’s largest markets showed positive but modest performances, with Spain (+5.9%), Germany (+5.4%), Italy (+5.4%) and France (+2.8%) ) to grow.
In June 2024, battery electric cars accounted for 14.4% of the EU car market, up from 15.1% the previous year. At the same time, hybrid-electric vehicles increased their market share, rising from 24.4% to 29.5%. The combined share of petrol and diesel cars fell to 47.1%, from 49.6%.
In June 2024, battery electric vehicle (BEV) registrations fell 1% to 156,408 units, with their overall market share falling to 14.4% from 15.1%. Despite significant growth in Belgium (+50.4%) and Italy (+117.4%), these upward trends could not offset double-digit declines in the other top markets: Germany (-18.1%), Netherlands (-15%) and France (-10.3%). As a result, a total of 712,637 new battery electric cars were registered in the first half of the year. This marks a modest increase of 1.3% from the same period last year and represents 12.5% of the market.
Sales of plug-in hybrid cars fell sharply by 19.9% last month, with significant declines in three of the biggest markets: Belgium (-49.2%), France (-21.7%) and Germany (- 3.4%). In June, plug-in hybrids accounted for 6.1% of the total car market, up from 7.9% last year, with 66,482 sales.
Hybrid electric vehicles were the only engine category to see growth, with car registrations up 26.4% in June to 321,959 units. All four of the largest markets for this segment recorded double-digit gains: France (+34.9%), Italy (+27.2%), Spain (+23%) and Germany (+16.5%). This growth pushed hybrid-electric market share to 29.5%, up from 24.4% in June 2023.
In June 2024, sales of gasoline-powered cars remained relatively flat, declining by just 0.7%. Declines in key markets such as France (-20.2%) and Spain (-7.5%) were offset by growth in Germany (+12.1%) and Italy (+6.9%). As a result, petrol cars now account for 34.4% of the market, up from 36.2% in June last year. A similar situation was experienced by the diesel car market, with a slight drop of 0.9%, resulting in a market share of 12.7% last June. While Germany posted gains of 12.4%, declines were seen in other major markets such as Italy (-18.3%), France (-8.3%) and Spain (-2.1%).
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