Abstract:

The average share of battery electric vehicles (BEVs) among total new registrations in Europe in 2024 was 14%, down slightly from 15% in 2023. Apart from Tesla (100%), the KG Mobility manufacturer pool had the highest BEV share in 2024 (37%) and a share of 49% in December alone. At 27%, Volvo-Polestar-Suzuki had the third-highest share of BEVs in 2024, and this was a seven-percentage-point increase over the previous year. BMW (22%) and Mercedes-Benz (18%) also had above-average BEV shares. While Subaru-Mazda-Toyota (2%), Renault-Nissan-Mitsubishi (8%), and Hyundai (11%) lagged in BEV sales, their shares of full hybrid electric vehicles (HEVs), at 65%, 23%, and 20%, respectively, were well above the 12% average of European manufacturer pools. For mild hybrid electric vehicles (MHEVs), Volvo-Polestar-Suzuki and Ford dominated in registration shares—47% and 41%, respectively. The share of plug-in hybrid electric vehicles (PHEVs) in new registrations in Europe fell to 7% in 2024, down one percentage point from 2023.