{"id":133245,"date":"2023-06-21T09:39:15","date_gmt":"2023-06-21T09:39:15","guid":{"rendered":"https:\/\/fin2me.com\/?p=133245"},"modified":"2023-06-21T09:39:15","modified_gmt":"2023-06-21T09:39:15","slug":"europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea\/","title":{"rendered":"Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA"},"content":{"rendered":"

The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets<\/span> in the region along with robust demand for electric vehicles, monthly data from the Brussels-based European Automobile Manufacturers’ Association, or ACEA, showed on Wednesday.<\/p>\n

New car sales in the European Union rose 18.5 percent year-on-year in May, following a 17.2 percent growth in April, the ACEA said.<\/p>\n

The number of units sold totaled 938,950 in May versus 792,215 units in the corresponding month last year. Further, this was the tenth successive monthly increase.<\/p>\n

Battery electric car registrations logged a massive annual growth of 70.9 percent to reach 129,847 units in May, equaling the market share of 13.8 percent. Most EU markets recorded impressive double- and triple-digit percentage gains.<\/p>\n

In May, hybrid electric cars also retained strong growth momentum, rising by 27.6 percent to 234,380 units.<\/p>\n

However, petrol cars still have the largest share at 36.5 percent. In contrast, the EU diesel car market shrunk by 2.9 percent.<\/p>\n

Data showed that new plug-in-hybrid cars declined slightly by 0.6 percent, primarily due to a lethargic German car market.<\/p>\n

Among the four major markets, all logged double-digit annual growth in May except Spain. Italy recorded the biggest expansion in sales with a 23.1 percent surge, followed by Germany with a 19.2 percent expansion.<\/p>\n

In France, sales growth was 14.8 percent, while the Spanish car market showed a comparatively slower rise of 8.3 percent.<\/p>\n

During the first four months of this year, total new car sales grew 18.0 percent to 4.4 million.<\/p>\n

Although the market improved in May, year-to-date sales are still 23 percent lower compared to the same month in 2019, when 5.7 million units were registered, the ACEA said. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along […]<\/p>\n","protected":false},"author":3,"featured_media":133244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nEurope Car Sales Continue Strong Growth On Robust EV Demand: ACEA - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T09:39:15+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/06\/Europe-Car-Sales-Continue-Strong-Growth-On-Robust-EV-Demand-ACEA-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea\/\",\"url\":\"https:\/\/fin2me.com\/business\/europe-car-sales-continue-strong-growth-on-robust-ev-demand-acea\/\",\"name\":\"Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA - 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