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Fewer electric cars, more hybrid
Europe’s new passenger car market grew by 0.9% last year. This is according to new data from JATO Dynamics, which found that 12,909,741 new passenger cars were registered across Europe-28 in 2024.2024 was not a positive year for sales of electric vehicles (EVs) in Europe, with the slowdown in growth that the industry began to see signs of in 2022 resulting in a drop in sales last year.
Sales grew +107% year on year between 2019 and 2020, +63% between 2020 and 2021, +29% between 2021 and 2022, and +28% between 2022 and 2023.
However, 1,985,996 units of new passenger EVs were registered in EU28 in 2024, marking a year-on-year decline of 1.2%.
The drop in registrations was also reflected in the market share of BEVs in Europe, which decreased slightly from 15.7% in 2023 to 15.4% last year.
However, 1,985,996 units of new passenger EVs were registered in EU28 in 2024, marking a year-on-year decline of 1.2%.
The drop in registrations was also reflected in the market share of BEVs in Europe, which decreased slightly from 15.7% in 2023 to 15.4% last year.
A lack of clarity about incentives for BEVs, the high average retail price of new models and low residual values – as well as concerns about charging infrastructure across the continent – are among the reasons behind the decline.
Despite the drop recorded last year, the situation is expected to improve over 2025 as the average price of a BEV continues to fall in Europe, largely due to the introduction of less expensive models from mainstream automakers.
Norway maintained its poll position in 2024, with BEVs holding the largest market share (88%). It was followed by Denmark (51%), Sweden (35%) and the Netherlands (34.7%).
Denmark, Belgium, Norway, Luxembourg and the Netherlands were the five countries in Europe where BEVs gained the most market share year on year, while the opposite occurred in Germany, Ireland, Finland, Romania and Sweden. want to know more
Norway maintained its poll position in 2024, with BEVs holding the largest market share (88%). It was followed by Denmark (51%), Sweden (35%) and the Netherlands (34.7%).
Denmark, Belgium, Norway, Luxembourg and the Netherlands were the five countries in Europe where BEVs gained the most market share year on year, while the opposite occurred in Germany, Ireland, Finland, Romania and Sweden.
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