Electrified cars drive Europe auto sales growth

electrified-cars-drive-europe-auto-sales-growth

Demand for electrified cars continued to underpin growth in Europe’s auto market in June, offsetting a sharp decline in petrol and diesel sales, data from the European Automobile Manufacturers’ Association (ACEA) showed today.

Growth in car registrations, a proxy for sales, also helped Chinese brands expand their footprint further across the European Union, Britain and the European Free Trade Association.

Total car registrations rose 13.1% to 1,407,332 vehicles, today’s figures show.

Battery-electric, plug-in hybrid and hybrid car registrations climbed 51%, 22.7% and 17.1%, respectively, together accounting for almost 70% of all new vehicles.

Petrol and diesel car registrations fell 12.2% and 16.9% respectively.

Chinese automakers BYD, Chery and Leapmotor sold between almost three and six times more than last year. SAIC and Geely sales rose more than 50% and 11% respectively

Registrations at Renault , Stellantis and Volkswagen rose between 3.6% and 7.3%

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