info@ceoworld.biz
Sunday, November 17, 2024
CEOWORLD magazine - Latest - Tech and Innovation - EU Sees Decline in Battery-Electric Car Registrations While Croatia, Czech Republic, and Hungary Experience Extraordinary Growth

Special ReportsTech and Innovation

EU Sees Decline in Battery-Electric Car Registrations While Croatia, Czech Republic, and Hungary Experience Extraordinary Growth

Battery-electric car registrations in the European Union fell by 1% last month, totaling 156,408 units, according to the European Automobile Manufacturers’ Association (ACEA). This decline resulted in a market share drop from 15.1% to 14.4% compared to the same period last year.

Despite the overall decline, several countries reported significant annual increases in battery-electric car registrations. Croatia saw a remarkable rise of 161.4%, registering 298 units; Czechia increased by 140.8% with 1,524 units; and Hungary experienced a 123.8% growth with 864 units in June.

In terms of absolute numbers, Germany led with 43,412 new registrations, followed by France with 29,837 and Belgium with 13,714. Outside the EU, the UK registered 34,034 battery-electric vehicles. Conversely, several countries experienced significant year-on-year declines. Ireland’s registrations dropped by 52.2%, Romania by 45.3%, Latvia by 42.5%, and Lithuania by 42%. Iceland, not part of the EU, saw a sharp decline of 76.4%. Other notable changes included increases in Belgium (+50.4%), Italy (+117.4%), and declines in Germany (-18.1%), the Netherlands (-15%), and France (-10.3%).

Lucien Mathieu, the cars director at Transport & Environment (T&E), commented on the situation, highlighting that markets with stable EV incentives are thriving. He specifically criticized Germany’s performance, dubbing it “the sick man of Europe” in the EV sector. Germany had ended EV purchase subsidies in December as part of a 2024 budget agreement.

Meanwhile, petrol car sales remained mostly stable, with a slight decline of 0.7% in June. Significant decreases in France (-20.2%) and Spain (-7.5%) were offset by increases in Germany (+12.1%) and Italy (+6.9%). Consequently, petrol cars now account for 34.4% of the market, down from 36.2% last year. Across all vehicle types, the Volkswagen Group led sales with a 25.8% market share, followed by Stellantis (15.7%) and the Renault Group (10.9%).

 

Have you read?
Richest Countries In Europe In 2024.
Most Attractive Countries To Private Equity, Venture Capital, and Hedge Fund Investors.
Revealed: Highest-paid news media executive in the United Kingdom.
Countries Leading the Way on Climate Change.
World’s Best Countries For Adventure Tourism.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Tech and Innovation - EU Sees Decline in Battery-Electric Car Registrations While Croatia, Czech Republic, and Hungary Experience Extraordinary Growth
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz