In the first quarter of 2024, car registrations in the European Union recorded a decrease of 5.2% compared to the previous year, marking the first decrease of the year. Electric vehicles (EVs) were particularly hard hit, falling 11.3% compared to the same period last year. Despite the growing supply of electric models from all manufacturers, buyers seem to be avoiding them.
The rise of hybrid vehicles
On the other hand, sales of hybrid vehicles saw a significant increase of 12.6% in March, marking a trend contrary to that of electric vehicles. Hybrids are gaining popularity among consumers, resulting in their market share increasing from 24.4% to 29% compared to the previous year. If petrol and diesel sales also seem to be suffering, one factor is that there are fewer and fewer petrol or diesel-only engines on the market. They are increasingly associated with at least one 48V micro-hybrid system. But not everything that is hybridized has the same rosy life, since plug-in hybrids are also experiencing a decline, of 6.5%. In conclusion, users seem to favor simplicity and affordable prices. Spread the word…