This marks the 15th consecutive month of growth, with notable double-digit increases in the three largest markets: France (+21.9%), Italy (+20%) and Spain (+18.1%). However, the German car market grew more slowly, at 4.9% compared to the previous year.
10 months left until 2023, new vehicle registrations increased by 16.7% to a total of nearly 9 million vehicles. During his 10 months, all markets except Hungary grew. In particular, the four largest markets contributed to this positive trend: Italy (+20.4%), Spain (+18.5%), France (+16.5%) and Germany (+13.5%).
EU new vehicle registration by power source
in October, battery electric vehicle market share rose to 14.2%, up from 12% in the same month last year. The market share from the beginning of the year to the present was 14%, exceeding the cumulative market share of diesel for the first time. Hybrid electric vehicles secured his second place with a market share of about 29%, while gasoline vehicles retained his first place, although in October he decreased to 33.4%.
Electric car
in October 2023, The number of battery electric vehicle registrations in the EU increased significantly, increasing by 36.3% to 121,808 vehicles. Several markets, particularly Belgium (+147.3%) and Denmark (+100.7%), contributed to this expansion with his triple-digit growth rate. Germany, the largest market for battery electric vehicles, recorded modest growth (+4.3%) in October, following a slowdown in September. This brings year-to-date sales to 1.2 million units, a remarkable 53.1% year-on-year increase, and a 14% share of the EU car market in 10 months.
New registrations of hybrid electric vehicles in the EU increased by 38.6% in October. This was driven by strong growth in the region’s top three markets: Germany (+57.9%), France (+40.1%) and Italy (+28%). This increased his cumulative sales by 29.8%, with a total of 2.2 million units sold in the first 10 months, accounting for more than a quarter of the market.
Sales of plug-in hybrid electric vehicles fell 5% year-on-year to 72,002 units last month. Despite notable increases in Belgium (+70.2%) and France (+34.2%), this was not enough to offset the decline in Germany (-49%), the largest market for this power source. As a result, the market share of plug-in hybrid vehicles decreased from 10.2% to 8.4% in October.
gasoline and diesel cars
in October 2023, the EU gasoline vehicle market grew by 8.1%, but its market share shrank from 35.4% to 33.4% compared to the same period last year. This increase was driven by strong sales growth across key markets such as Italy (+21%), France (+17.4%), Spain (+7.7%) and Germany (+7.5%).
On the other hand, the EU diesel vehicle market continued to decline in October, decreasing by 13.2%. This decline was evident in most markets in the bloc, including the four largest markets: France (-29.4%), Spain (-20.2%), Germany (-4.6%) and Italy (-3.7%). Diesel vehicles now have a market share of 12%, down from 15.9% in October last year.
The market share of battery electric vehicles was 14.2% in October, up from 12% in the same month last year. The market share from the beginning of the year to the present was 14%, exceeding the cumulative market share of diesel for the first time.