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Electrified cars drive Europe auto sales growth as Chinese brands gain ground
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore /Economy & Trade

Electrified cars drive Europe auto sales growth as Chinese brands gain ground

From CNA · () English

Summarized and contextualized by DistantNews.

At a glance

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  • European car registrations rose 13.1% in June, driven by demand for electrified vehicles.
  • Battery-electric, plug-in hybrid, and hybrid car sales climbed significantly, while petrol and diesel sales dropped.
  • Chinese automakers expanded their market share in Europe, with several brands reporting substantial sales growth.

Europe's automotive market saw robust growth in June, with electrified vehicles leading the charge and offsetting a steep decline in sales of petrol and diesel cars. Total car registrations climbed 13.1% to over 1.4 million vehicles, according to data from the European Automobile Manufacturersโ€™ Association (ACEA).

Electrified cars, including battery-electric, plug-in hybrid, and hybrid models, experienced significant increases in registrations, rising 51%, 22.7%, and 17.1% respectively. Together, these eco-friendly options accounted for more than 80% of all new vehicles sold.

In contrast, registrations for petrol and diesel cars fell sharply, dropping 12.2% and 16.9% respectively. This shift highlights a growing consumer preference for electric and hybrid alternatives across the continent.

Meanwhile, Chinese automakers are steadily gaining ground in the European market. Brands such as BYD, Chery, and Leapmotor saw their sales increase dramatically, ranging from nearly three to six times higher than the previous year. SAIC and Geely also reported substantial growth, with sales up 50% and 11% respectively. Established European manufacturers like Renault, Stellantis, and Volkswagen also saw their registrations rise between 3.6% and 7.3%.

DistantNews Editorial

Originally published by CNA. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.