For the tenth month in a row, the EU market has seen a significant increase in sales of new passenger cars. According to the European Automobile Manufacturers Association (ACEA), compared to last year, registrations of new passenger cars in May increased by 18.5%, to 938,950 units.
Almost all markets in the bloc of European countries showed strong growth, except for Hungary and Malta, where registrations fell by 11% and 18%, respectively.
Gasoline cars continue to account for the largest share of the European car market, at 36.5 percent. Last year, this figure was 38%.
Hybrid vehicles (HEVs) are the second most popular, accounting for about a quarter of the market (up from 23.2% in May 2022). At the same time, the demand for plug-in hybrids (PHEVs) fell somewhat, their sales covered only 7.4% of the EU car market, against 8.8% last year.
Also, losses were recorded in the part of diesel cars . In total sales, they own 14.3% compared to 17.4% in May 2022.
The popularity of electric vehicles (BEV) continues to gain momentum. The market share of battery electric vehicles increased from 9.6 to 13.8 percent.
In total, the EU car market has grown by 18% since the beginning of the year, to 4.4 million new cars. However, this result is still 23% behind the figure for the same period in 2019, when 5.7 million new passenger cars were registered.
