Overview
- ACEA data show October EU new‑car registrations up 5.8% to 916,609, with battery‑electric vehicles at 16.4% market share year‑to‑date as hybrids lead at 34.6% and diesel falls to about 9%.
- Adoption remains concentrated, with 65% of October BEV registrations in Germany, Belgium, the Netherlands and France, while Southern and Eastern Europe hold roughly 20% of chargers and only 16% of >150 kW fast chargers.
- Allianz analysts now see full electrification around 2041, or 2037 if the EU reaches 3.5 million public chargers by 2030, with the network expected to close 2025 at roughly 1.1 million points.
- Market dynamics are shifting: Tesla’s European registrations fell about 48% year‑on‑year in October and are down roughly 39% year‑to‑date in the EU, as BYD surged 206% in October and the VW Group retained overall market leadership.
- Germany is weighing a reinstated purchase incentive in the 2026 budget of about €550 million, with SPD backing for at least €3,000 per eligible new BEV plus a matching manufacturer contribution and a social‑leasing scheme, as KBA data show 23.6% of January–October BEV registrations were manufacturer or dealer entries.