sharp decline in European registrations in November

sharp decline in European registrations in November
sharp decline in European registrations in November

Registrations of new electric cars in Europe contracted by 9.5% in November year-on-year, weighed down by the French and German markets, according to statistics published Thursday by manufacturers. This decline in automobiles “zero emissions” was higher than that of the market for all engines combined, which eroded by 1.9% compared to November 2023, specified the European Automobile Manufacturers Association (ACEA) in its monthly delivery of figures.

Two of Europe’s main national markets, and Germany, saw a drop in their electric car registrations last month, by 24.4% and 21.8% respectively. As a result on a European scale, the share of electric vehicles fell to 15% compared to 16.3% in November 2023. Hybrids (fuel-electricity) rechargeable on the sector were also less attractive, falling to 7.6% market share in November compared to 8.2% a year earlier.

The end of thermal cars in 2035

The winners are to be found among non-rechargeable hybrid cars, which rose to 33.2% of the market in November compared to 27.5% a year earlier, “outperforming gasoline car registrations for the third consecutive month”noted ACEA. The latter represent 30.6% of the market, still far ahead of diesels, which only convince one in ten buyers (10.6%).

During the first 11 months of the year, the European market evolved slightly in the green year-on-year (+0.4%) but electric vehicles plunged by 5.4% and now only represent 13.4% of registrations, so that the EU plans to ban the sale of new thermal automobiles by 2035.

On the manufacturer side, the Volkswagen group is still in the lead and reigns over 26.7% of the European Union market since January (+0.6 points over one year), ahead of Stellantis (16.8% of registrations, -1, 3 point) and Renault, stable at 10.8%. A precursor and specialist in hybrid cars, Toyota continues its progress, gaining 1.1 points of penetration of the European market compared to January-November 2023, at 8% of the total, nevertheless closely followed by the South Koreans of Hyundai at 7.9 %.

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