Hybrid Vehicles Outsell Petrol-Powered Cars for the First Time in History

October 22, 2024 TruthUSA

Overall, the automotive sector is facing challenges as new car sales decline, with three major markets showing downward trends.

For the first time, hybrid vehicles overtook petrol cars in the European Union market, as reported by Europe’s auto industry body.

According to the European Automobile Manufacturers Association (ACEA), total car sales in the EU fell by 6.1 percent in September, with major markets like Germany, France, and Italy stagnating.

In the same month, hybrid electric vehicles accounted for 32.8 percent of new car sales, surpassing petrol-powered vehicles for the first time.

ACEA Director General Sigrid de Vries expressed concerns, stating that Europe is still far from establishing a successful electric vehicle market for a green mobility transformation.

The ACEA observed declines in new car registrations in France, Italy, and Germany, with only Spain experiencing growth.

Electrified vehicles made up 56.9 percent of new car sales in September, up from the previous year’s 50.3 percent.

Petrol car sales declined by 17.9 percent in all major markets, while diesel car sales dropped by 23.5 percent, capturing only 10.4 percent of the market.

The ACEA, representing major automakers, highlighted the challenges posed by weaker demand and competition from China in the electric vehicle sector.

In response, EU member states agreed to impose tariffs on Chinese-made EVs to counter alleged unfair subsidies.

Europe faces challenges with falling EV sales and upcoming CO2 emission targets for new cars in 2025.

The ACEA called for action from Brussels to address the difficulties arising from EU green targets.

EU targets require a 15 percent reduction in CO2 emissions from cars and vans by 2025 and a complete ban on new petrol and diesel vehicles by 2035.

Volkswagen’s announcement of potential factory closures in Germany due to competition from Chinese EVs emphasizes the need to adapt to the EV transition.

Challenges such as charging infrastructure, access to affordable green energy, and the supply of raw materials for batteries and hydrogen need to be addressed for a successful transition to zero-emission vehicles.

Despite concerns, EU climate legislation is expected to remain in place, with a focus on achieving decarbonization goals and securing Europe’s industrial future.

Reuters contributed to this report.

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