100% electric vehicles confirmed their decline in October, reaching 14.2% of the European market, according to sector statistics published this Tuesday. Electrical products, which accounted for 12% of sales in the European Union at the end of 2022, had reached a market share of 21% in August 2023, before falling in September.
However, in the first ten months of the year, with 14% of sales, electric vehicles surpassed diesel vehicles for the first time (12%). Gasoline cars continue to lead with 33.4% of sales, ahead of hybrids (29%). As a whole, the European market continued its recovery with 855,484 new passenger cars registered in EU countries, an increase of 14.6% year-on-year, the European Automobile Manufacturers Association (ACEA) reported in a statement.
Volkswagen consolidated its first place
During the first ten months of the year, the market grew substantially (16.7%), totaling nearly nine million units. But it is still far from the volumes recorded before Covid-19, which disrupted supply chains, particularly for electronic chips. This ten-month trend was driven by the largest domestic markets, such as Germany (+13.5%), France (+16.5%), Italy (+20.4%) and Spain (+18.5%) .
The German group Volkswagen consolidated its leading European position during the same period, with a market share of 26.1%, and saw its registrations recover by 20.5% compared to the first ten months of 2022, thanks in particular to Skoda and Audi, whose sales grew by a quarter. .
At the same time, its French-Italian-American rival Stellantis lost almost two points of market share, up to 18.4%, with its registration growth (+6%) being lower than the general trend. Two brands even went into the red, Fiat (-1.8%) and Citroën (-1.5%). The Renault group also continues its recovery (10.9%, or +21.2% in one year), in particular thanks to its economical Dacia brand.
Source: BFM TV
