As vehicle prices rise, EU buyers postpone purchases

Knowledge from ACEA signifies that EV purchases are rising, however excessive ICE costs imply some prospects aren’t shopping for a brand new automobile in any respect. By Will Girling

Since H2 2024, the European automotive trade has been more and more vocal in regards to the issue reconciling extra stringent CO2 rules in 2025 with lacklustre electrical automobile (EV) adoption. Knowledge revealed by the European Car Producers’ Affiliation (ACEA) on 25 February would possibly add to the consternation.

Throughout the EU, new automobile registrations fell 2.6% year-on-year in January, with roughly the identical decline proven when additionally factoring within the EFTA and UK. Nevertheless, it wasn’t e-mobility dragging down the numbers: battery EVs and hybrid EVs each grew their respective market shares by 4.1% and 6.2%. As a substitute, it was the mixed fall in share for gasoline and diesel automobiles—from 48.7% to 39.4%—that took the area’s numbers into the pink.