EV Sales Surge as EU Market Slips

EV Sales Surge as EU Market Slips

Business

New car registrations in the EU fell by 1.9% in the first quarter of 2025 compared to the same period last year, with March alone showing a marginal 0.2% year-on-year decline, according to the European Automobile Manufacturers Association (ACEA). The drop comes amid ongoing global economic challenges impacting automakers, CE Report quotes BTA

Despite the overall decline, electric vehicle sales showed strong growth. Battery-electric car registrations surged by 23.9% to 412,997 units, making up 15.2% of the total EU market. Major gains were seen in Germany (+38.9%), Belgium (+29.9%), and the Netherlands (+7.9%), while France saw a 6.6% drop.

Hybrid-electric vehicles also saw impressive growth of 20.7%, led by France (+47.5%) and Spain (+36.6%). They now hold a 35.5% market share. Plug-in hybrids grew more modestly by 1.1%, representing 7.6% of the market.

Meanwhile, petrol and diesel car sales declined sharply. Petrol registrations dropped 20.6%, with the steepest fall in France (-34.1%). Diesel sales fell 27.1%, reducing its market share to 9.5%.

In Bulgaria, overall car registrations edged up by 0.9%. Battery-electric vehicles rose by 12.5%, and hybrids jumped by nearly 40%, while diesel cars plunged 26.9%.

Tags

Related articles

Greece Supports Renters and Growth
Development Minister Takis Theodorikakos emphasized the Greek government's methodical approach to economic policy during an interview with ANT1 on Thursday.
Greece to Repay Loans Early
Greece aims to repay its first memorandum loans a decade early, by 2031 instead of 2041, according to National Economy & Finance Minister Kyriakos Pierrakakis.
Greece Cuts T-Bill Rate
Greece successfully raised €500 million on Wednesday through a 26-week Treasury bills auction, securing a lower interest rate of 1.90%, down from 2.00% in the previous sale.
EU Fines Apple and Meta
The European Union has imposed major fines on U.S. tech giants Apple and Meta in its first enforcement action under the new Digital Markets Act (DMA), signaling a tougher approach to regulating Big Tech.
Moldova, World Bank in Reform Talks
A delegation from the National Bank of Moldova (BNM), led by Governor Anca Dragu, held a series of meetings with senior officials from the World Bank Group during the spring meetings in Washington (April 21–26, 2025).
Greek Finance Minister at IMF Talks
Greek National Economy and Finance Minister Kyriakos Pierrakakis is visiting the United States this week to participate in the IMF and World Bank Spring Meetings.
Greece Unveils Energy Aid, Marine Plan
Greece will immediately roll out electricity subsidies for small and medium-sized enterprises, retroactively covering December 2024 to February 2025, Environment and Energy Minister Stavros Papastavrou announced Tuesday.
89 Moldovan Companies Receive Grants to Boost Growth
The Organization for Entrepreneurship Development (ODA), in partnership with the Ministry of Economic Development and Digitization, announced funding for 89 companies through non-reimbursable grants exceeding 28.5 million lei.