Electric Vehicle Sales Rebound in Europe but Fall Short of Expectations

Despite a September surge, electric car sales in Europe remain below last year's levels, highlighting ongoing challenges in the market transition.

Electric vehicles accounted for 17.3% of new car sales in Europe in September, up from 14.8% the previous year.
Sales increases were notable in Germany, Belgium, Italy, and Spain, yet year-to-date figures lag 5.8% behind 2023.
Hybrid vehicles surpassed gasoline cars for the first time, capturing 32.8% of the market compared to 29.8% for gasoline.
Diesel car sales continued to decline, now representing only 10.4% of the market, reflecting a broader shift in consumer preferences.
Automakers face potential fines if they fail to reduce average CO2 emissions, prompting calls for revised EU emission targets.