EU car market sharply accelerates growth: Electric vehicles strengthen their positions

15:53 - 24.04.2026

 

April 24, Fineko/abc.az. The new car market in the European Union is showing steady recovery at the beginning of 2026, ABC.AZ informs, referring to the European Automobile Manufacturers Association (ACEA).

In March 2026, new car registrations in the EU increased by 12.5% compared with the same period of 2025. Following the 1st quarter, the growth was 4%.

The main growth factors were high consumer activity, updated tax incentives in large European countries and accelerated transition to eco-friendly transport.

The share of electric vehicles in the EU grew from 15.2% up to 19.4% over the year, while hybrid vehicles retained their leadership with 38.6%. At the same time, the share of gasoline and diesel cars decreased to 30.3% against 38.2% a year earlier.