EU new car market rebounds after fluctuating first half, EVs continue to falter

June marked a return to growth for new car registrations in the EU. despite first half fluctuations, with saw consecutive growth only occurring in the first two months of the year, according to the latest European Automobile Manufacturers’ Association (ACEA) figures.

In June 2024, the EU new car market grew, with new registrations increasing by 4.3% to a total of 1,089,925 units. This surge was driven by strong performances in Italy (+15.1%), Germany (+6.1%), and Spain (+2.2%). In contrast, France saw a decline of -4.8% last month.

Electric vehicle (EV) registrations decreased by -1.0% in April, totaling 156,408 units. Year-to-date, electric vehicles represent 12.5% of the market.