By David Sachs

Passenger car registrations in the European Union rose in February on the year, with fully electric vehicles taking a bigger share of the market, the European Automobile Manufacturers Association said on Tuesday.

New car registrations, which reflect sales, rose to 802,763, an 11.5% increase over February 2022--a difficult time for the industry due to the semiconductor shortage.

Growth occurred in most EU markets, but Spain led the charge, with a 19% increase in registrations, followed by Italy with a 17% jump, according to the association, known as ACEA.

Battery-electric vehicle registrations topped out at 97,300, making up 12.1% of all February car sales in the EU, up from a share of 9.7% in February of 2022.

Most EU countries pushed that progress with significant increases in BEV registrations, including the three largest markets: Germany, up 15%, France, up 46%, and the Netherlands, which was up 89%. BEV sales in the Czech Republic dropped by 3.2% and Slovakia's BEV registrations fell 28% on year.

Gasoline-fueled car registrations grew 11% and maintain a similar share of the market as a year ago at 37%.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

March 21, 2023 03:14 ET (07:14 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Renault (EU:RNO)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Renault Charts.
Renault (EU:RNO)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Renault Charts.