The passenger car market in the European Union increased by 11.3% to 760,041 in the first month of the year, according to data released by the European Automobile Manufacturers Association (ACEA) on Tuesday. Nevertheless, according to the association, the growth was recorded compared to the record low of January last year.
New battery electric vehicle (BEV) registrations in January rose by 22.9%, reaching 71,984 cars registered across the EU, while Hybrid electric vehicles (HEVs) also recorded a healthy first month, growing by 22.1% to 197,982 units. On the other hand, EU plug-in hybrid vehicle (PHEV) sales fell by 9.9% to 53,649 units.
"During the first month of 2023, battery electric and hybrid passenger car registrations in the EU continued to grow, accounting for 9.5% and 26.0% of the market, respectively. Nonetheless, petrol remained the most popular fuel type for newly-registered cars in the EU, with a market share of 37.9%," the report added.
