The Rise of Electric Cars in Europe
Overview
Electric cars are gaining traction in Europe, with a 12 percent market share in February. This marks a 9 percent increase in deliveries compared to the previous year.
Market Trends
Despite the overall growth in the European car market by 10.1 percent, electric vehicles have maintained a 12 percent market share. This is despite the availability of more electric car options than ever before.
Comparison with Petrol and Diesel Cars
While petrol and diesel cars still dominate the market, their combined market share decreased from 51.9 percent to 48.4 percent. Petrol cars accounted for 35.5 percent of sales, while diesel cars saw a decrease to 12.9 percent.
Hybrids on the Rise
Hybrid cars have seen a significant increase in sales, jumping by almost 25 percent to 255,511 units. Their market share grew from 25.5 percent to 28.9 percent, making them a popular choice among European buyers.
Regional Trends
France, Italy, and Spain have been driving the growth in the European car market. French drivers purchased 13 percent more cars, Italian sales increased by 12.8 percent, and Spain saw a 9.9 percent jump in car sales.
Related: Global EV And PHEV Sales Surge 69% YoY, But Dive 26% From December High
Market Share Comparison
SWIPE
Overall, the European car market is witnessing a shift towards electric and hybrid vehicles, with consumers showing an increased interest in sustainable transportation options.
