Hybrids top petrol power for first time in EU new car sales, ACEA says
Adds milestone in second paragraph, updates with charts
By Alessandro Parodi and Greta Rosen Fondahn
Oct 22 (Reuters) -Hybrids overtook petrol-powered vehicles in EU new car sales for the first time in September, industry data showed on Tuesday, accounting for 32.8% of the total, data from Europe's auto industry body showed.
Total car sales in the bloc dropped by 6.1% year-on-year, falling for two months in a row for the first time since July 2022, theEuropean Automobile Manufacturers Association (ACEA) said on Tuesday, as major markets Germany, France and Italy continued to stagnate.
WHY IT'S IMPORTANT
The sale of hybrid electric cars (HEV) has increased in the EU in recent months, as buyers see them as an affordable compromise between all-combustion and all-electric.
Fully electric (BEV) and plug-in hybrid (PHEV) car sales have instead slowed this year, in part due to diverging policies on green incentives among European countries, while regulators have imposed hefty tariffs to try to keep out cheap Chinese EVs.
BY THE NUMBERS
Electrified vehicles - either BEV, PHEV or HEV - sold in the EU accounted for 56.9% of all new passenger car registrations in September, up from 50.3% in the previous year.
September sales of battery electric cars rose 9.8% year on year, but year-to-date sales volumes have dropped 5.8%.
Hybrid electric sales were up 12.5% on the year, while those for petrol vehicles dropped 17.9% to a market share of 29.8% in September.
Registrations at Volkswagen VOWG_p.DE rose 0.3%, while they fell by 27.1% at Stellantis STLAM.MI and by 1.5% at Renault RENA.PA.
QUOTES
"Today's numbers illustrate that we're still a long way away from the thriving EV market Europe needs", ACEA Director General Sigrid de Vries said in the statement.
"This is not the steady and reliable market growth that is needed for a successful green mobility transformation".
CONTEXT
Volkswagen, Stellantis and Renault are among European automakers struggling with weak demand and trying to fend off competition from China.
Earlier this month, EU member states narrowly backed import duties on Chinese-made EVs of up to 45%, meant to counter what Brussels says are unfair subsidies from Beijing to Chinese manufacturers. Beijing denies unfair competition and has threatened counter-measures.
The halfway milestone https://reut.rs/3BVAGac
Race for the market https://reut.rs/4dVZZGp
Stellantis Europe car sales slowing down https://reut.rs/4e1MIvU
Falling passenger car sales in Europe https://reut.rs/4h8EsNz
Reporting by Alessandro Parodi and Greta Rosen Fondahn; editing by Sharon Singleton and Louise Heavens
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
