Electric Surge: Tesla's Comeback Leads European Car Sales
European new car sales rose 11.1% in March, driven by a surge in electric vehicle registrations, with Tesla leading the growth. Electrified vehicles accounted for nearly 70% of new registrations, indicating a significant shift away from petrol and diesel cars.
New car sales in Europe increased by 11.1% in March, driven by strong electric vehicle sales. The Association of European Car Manufacturers reported 1,581,169 new car registrations, with electrified vehicles making up nearly 70% of the total. Tesla led the electric vehicle surge with an 84.3% year-on-year growth, surpassing Chinese rival BYD. Battery electric vehicles saw a 42% spike in March, driven by rising fuel prices. Countries like Germany, France, and Italy showed significant growth in electrified vehicle registrations. Traditional manufacturers like Volkswagen, Stellantis, and Renault experienced modest growth.
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