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Hybrid car sales boom in Europe while EVs and plug-in hybrids lose ground

  • About 1.06 million new cars were sold in Europe last month.
  • New car sales in France fell by 12.7% and in Italy by 10.8%.
  • The share of electric vehicles fell from 16.3% to 15%.

November was a difficult month for the European car market, with sales of pure electric cars, plug-in hybrids, gasoline and diesel cars all falling sharply. The only powertrain configuration to see sales growth was hybrids, again underscoring the shift in the market.

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Across the EU, new car sales fell 1.9% in November to about 1.06 million vehicles. This was partly due to a sharp 12.7% drop in sales in France and a 10.8% drop in Italian sales. Sales in Germany stagnated, growing by just 0.5%. Spain was the only country among the four major EU markets to achieve sales growth, with an increase of 6.4%.

Read: German EV sales down 22%, Tesla plunges 55%, but hybrid sales up 20% in November

Conventional hybrids are currently the most popular powertrain option in the region, accounting for 33.2% of all new sales. This is an 18.5% increase from last November’s 27.5% market share. Gasoline-powered cars were knocked off the top spot, and while they accounted for 32.5% of sales last year, that number has now slipped to 30.6% of the market.

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Data from the European Automobile Manufacturers Association showed that gasoline sales fell 7.8% in November. France had the largest decline, reaching 31.5%. Sales also fell by 12.3% in Italy, 5.3% in Germany and 2.3% in Spain.

While many expected 2024 to be the year of the electric car, that’s not the case in Europe. In November, electric vehicle sales fell 9.5% to 130,757 units, mainly due to a 21.8% decline in Germany and a 24.4% decline in France. They currently account for 15% of the market, down from 16.3% in November 2023.

Diesel vehicle sales also fell by 15.3%, with market share falling from 12.3% to 10.6%. Plug-in hybrid vehicle sales also fell 8.8%. They now hold 7.6% of the market share.

Sales by automaker show some brands are doing better than others this year. For example, Volkswagen’s sales in the EU from January to November increased by 2.2%, while Renault’s sales increased by 1.9% to 1,152,424 vehicles. Toyota was one of the best-performing automakers, with sales rising significantly by 12.4%.

In comparison, Stellantis sales fell 7.4% and Hyundai Motor Group’s sales fell 4.4%. Several other brands also saw significant declines, including Ford (-17.3%), Mazda (-6.6%) and Jaguar (-5.9%).

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