In Europe it’s time for hybrids: here the Toyota Yaris, among the best-selling.
European sales: electric vehicles are slowing down, falling from 13.9% to 13.0%, hybrids are in high demand, with a market share rising from 24.4% to 29%.
European sales: Tesla also bad (-30.4% in March)
It is above all the stalemate of two large squares such as Germany and Italy to slow down the race of electric cars. On the German market, the difference is made by the cancellation of incentives, with sales falling by 28.9% to 31 thousand electric cars registered. In Italy, however, the wait for the new bonuses, announced in December, continues to weigh heavily never entered into force. Across the continent they were sold last month 134,397 EV (-11.7%). The market leader also fell sharply, Tesla, -30.4% to 29 thousand units. But several markets continue to run positively, with Belgium (+23.8%) And France (+10.9%) to record double-digit increases again. Despite everything, overall the first quarter of 2024 ends with a total of 332,999 new electric cars registered. With an increase of 3.8% compared to the same quarter of 2023. And they continue to sell more EV than diesel (13% vs. 12.4%)
Hybrids rise from 24.4% to 29% share
A completely different story for hybrid cars, which at the moment seem to be the favorite among European consumers. In March they recorded an increase in registrations of 12.6%. France and Italy recorded the most significant increases respectively 29.6% and 8.3%while sales in Germany recorded a marginal decline of 0.3%. Overall, hybrid sales reached 299,426 units. These are largely models mild hybrid, with a very marginal contribution from the electric motor. Finally, sales of plug-in hybridsdecrease by 6.5% last month, with Germany and Belgium recording declines of 4.5% and 15.3% respectively. France bucked the trend with a modest increase in 3.6%. In March, plug-in hybrids were sold 73,029 (7.1% share).
