EU car market continues to gain momentum in February - Share of electric vehicles remains stable

The car market in the EU also grew in February. In the past month, new registrations rose by 10.1 percent year-on-year to 883,608 passenger cars, as announced by the European manufacturer association Acea on Thursday in Brussels. Among the four largest EU markets, France saw the strongest growth with 13 percent, followed by Italy with a slightly smaller increase. Spain with a nearly ten percent rise and Germany with a good five percent performed less well. In January, there was a gain of over twelve percent for new car registrations in the EU. The market share of battery-electric vehicles (BEV) remained stable in February at 12 percent compared to the previous year.