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EVs Power Fifth Month of European Car Sales Growth as Tesla Slumps and BYD Surges

A recent EU policy shift away from a 2035 combustion ban is steering automakers toward hybrids.

EV Sales In Europe Are On Track For A Fantastic Year. Here Are The Winners And Losers: Sales
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German carmaker Volkswagen presents its new electric ID. 2all model, an electric vehicle that costs less than 25,000 euros, in Hamburg, Germany, March 15, 2023. REUTERS/Fabian Bimmer/ File Photo
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Overview

  • ACEA data show EU, UK and EFTA registrations rose 2.4% in November to about 1.1 million, marking a fifth straight year-on-year monthly gain.
  • Battery-electric cars reached a 21% share in the EU, 26% in the UK and 98% in Norway, with BEV registrations up 44.1% year over year in the EU.
  • Electrified models dominated the EU mix as hybrids rose 38.4% and plug-in hybrids grew 4.2%, together with BEVs accounting for 65.6% of registrations.
  • Tesla’s EU registrations fell 34.2% in November and dropped 11.8% across the wider EU, UK and EFTA, while BYD grew roughly 221.8% in that broader region.
  • Volkswagen and Renault posted gains of 4.1% and 3%, respectively, as Stellantis slipped 2.7%, reflecting uneven performance in a market pivoting toward hybrids and PHEVs.