EU Car Registrations Rose in Feb, With Electric Vehicles Gaining Market Share
21 März 2023 - 8:29AM
Dow Jones News
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.
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