Electric cars losing market share in Europe but not Belgium

New passenger car registrations in the EU fell by 5.2 per cent or 1.03 million cars in March compared to the same month in 2023, resulting in the first decline this year. This was reported by the European car manufacturers' association ACEA on Thursday.

According to ACEA, the timing of the Easter holidays had a negative impact on new car registrations. Notably, electric cars are losing market share in Europe, but not in Belgium.

ACEA said new passenger car registrations in March dropped 13.5 per cent or 44,751 in Belgium. Of the four largest markets, Germany had the most significant decline (6.2 per cent), followed by Spain (4.7 per cent), Italy (3.7 per cent) and France (1.5 per cent).

Fully electric cars lost market share in Europe in March, falling to 13 per cent from 13.9 per cent in March last year. In contrast, the share of hybrid cars rose from 24.4 to 29 per cent. The share of petrol and diesel cars fell from 51.8 per cent to 47.8 per cent, still accounting for less than half of registrations.

In Belgium, registration for fully electric cars rose by 23.8 per cent (11,711 vehicles) in March this year.


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