P&A Providers & Administrators
MenuMENU
SearchSEARCH

Europeans Also More Interested in Hybrids

April sales boost their EU market share to 29% as purely electric sales were flat.

May 24, 2024
Europeans Also More Interested in Hybrids

Fully electric vehicles’ share of the EU market was flat year-over-year at 12% as hybrids have taken off. A similar pattern has developed in the U.S.

Credit:

Pexels/Tetyana Kovyrina

1 min to read


Hybrid vehicle sales growth in April far exceeded that of all-electric models in Europe, continuing a trend on the continent that’s been mirrored in the U.S.

Hybrid registrations jumped 33% in the European Union, boosting their share of all vehicle sales from 25% to 29%, according to the European Automobile Manufacturers’ Association, or ACEA. France, Spain, Germany and Italy led hybrid sales with double-digit increases. Fully electric sales, though they grew far less, still had a healthy 15% bump.

Ad Loading...

Overall new-vehicle sales grew 14% to nearly 914,000 units, part of the increase due to this April having two additional selling days that last year’s, ACEA said. All major markets experienced increases.

Electric vehicles’ share of the market was flat year-over-year at about 12% as hybrids have taken off. A similar pattern has developed in the U.S. as early adoption has passed and mass-market consumers have been slow to follow in the big numbers manufacturers had bargained on. Automakers have consequently pulled back on previously ambitious all-electric lineup plans to refocus on hybrids.

In Europe, gas-powered model registrations rose 7% in April, though their market share fell by 2% year-over-year to 36%, ACEA said. Diesel model sales were flat, or about 13% of market share.

LEARN MORE: Ford Hybrid Sales Healthy

 

Originally posted on Auto Dealer Today

More Industry

Subwoofer in trunk of car.
Industryby Lauren LawrenceMay 26, 2026

Ownership Priorities are Shifting

A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.

Read More →
Man's hand holding gas pump in fuel tank of white car
Industryby Hannah MitchellMay 26, 2026

Pump Price Jump Calculated

ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.

Read More →
Graphic showing previous week's truck and SUV segment prices
Industryby StaffMay 20, 2026

Black Book: Weekly Market Update

Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.

Read More →
Ad Loading...
Photo of dealership sign with Toyota logo
Industryby Lauren LawrenceMay 19, 2026

Arkansas Auto Group Acquires First Indiana Rooftop

Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.

Read More →
Headshot photo of Antonio Filosa, Stellantis CEO
Industryby Hannah MitchellMay 19, 2026

Stellantis to Dive Into U.S. Lending

The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.

Read More →
Photo of the rear of a new BMW iX SUV
Industryby Hannah MitchellMay 12, 2026

New-Vehicle Prices Rise

With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.

Read More →
Ad Loading...
Graphic of car segments' results the previous week
Industryby StaffMay 12, 2026

Black Book: Weekly Market Update

Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.

Read More →
Graphic of last week's estimated used retail days to turn
Industryby StaffMay 6, 2026

Black Book: Weekly Market Update

Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.

Read More →
cargo ship with vehicles, at dock
Industryby Lauren LawrenceMay 5, 2026

EU Auto Association Urges Action

Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.

Read More →
Ad Loading...
two people working on a paper contract together
IndustryMay 1, 2026

Driving into the Super CFC Era

Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.

Read More →