The market share of electric vehicles in the European Union rose to 15% in January, according to statistics released on Tuesday by the European Automobile Manufacturers Association, ACEA.
A total of 831,201 new vehicles were registered in the EU last month, marking a 2.6% decline compared to January 2024.
This downturn affected all major markets, ACEA reported.
However, registrations of fully electric vehicles saw a significant increase of over one-third, reaching 124,341 units. This increase was driven mainly by Germany (+53.5%), Belgium (+37.2%) and the Netherlands (+28.2%). Together with France (-0.5%), these four countries accounted for 64% of all fully electric car registrations in the EU.
ACEA Director General Sigrid de Vries noted that this rise was related to an unusually low number of registrations in January 2024.
For the whole of 2024, this share saw “the first decrease since 2018,” dropping from 14.6% in 2023 to 13.6% last year, according to de Vries.
“The number of registered electric cars has since returned to the average of the past two years,” De Vries said. Consequently, the market share of electric cars climbed back to 15%.
ACEA noted that with a 15% market share, the EU’s target of 25% by 2025 is still far from being achieved.
The association says it has high hopes for the European Commission’s action plan to boost the automotive industry’s competitiveness, set to be unveiled on 5 March.
