EU new cars market: Hybrids at a 12.4% market share in Q3 2020

In the third quarter of 2020, almost one in 10 passenger cars sold in the EU was an electrically-chargeable vehicle (9.9%), compared to 3.0% during the same period last year.

During the third quarter, cars powered by conventional internal combustion engines lost further ground, with their overall market share going down from 88.6% in July-September 2019 to 75.4% this year.

Diesel cars accounted for 27.8% of total passenger car sales in the European Union, with registrations falling by 13.7% to 766,146 units.

Petrol sales posted an even stronger drop (-24.3%), going from over 1.7 million units last year to 1.3 million units in the third quarter of 2020.

This represents a market share of 47.5%, with petrol going below the mark of 50% for the first time since 2016.

With the exception of Cyprus, all EU markets saw declines in demand for petrol cars during the three-month period, including the four major markets.

From July to September 2020, registrations of electrically-chargeable vehicles (ECV) more than tripled (+211.6%) to reach 273,809 units and a market share of 9.9%.

This strong growth is mainly due to the introduction of incentives by national governments, seeking to boost demand in response to the corona crisis, which has been largely to the benefit of buyers of battery and plug-in electric cars.

As a result, demand for plug-in hybrids (PHEV) boomed (+368.1%) during the third quarter, going from 29,557 units last year to 138,348 new cars sold in 2020. Both Germany and France recorded percentage increases of over 400% each.

Growth in registrations of battery electric vehicles (BEV) was also strong across the European Union (+132.3%), totalling 135,461 units over the three-month period.

Hybrid electric vehicles (HEV) remained the bestselling alternatively-powered vehicle type in the EU, posting an increase of 88.8% in the third quarter of the year.

In total, 341,092 hybrid electric cars were sold from July to September 2020, representing 12.4% of the EU car market.

- Advertisment -


Borussia Dortmund had over EUR 400 million revenues in financial year 2022/2023

In financial year 2022/2023, the lifting of COVID-19 pandemic related restrictions affecting Borussia Dortmund's business model led to an...