Europe new car sales rebound in 2023 - Industry group

PARIS - New car sales in Europe rebounded with a bang in 2023, rising by 13.9 per cent as electric vehicles overtook diesel for the first time, an industry group said on Thursday.

Sales of new electric cars shot up by 37 per cent year-on-year and accounted for 14.6 per cent of those overall, the European Automobile Manufacturers' Association said.

The figures marked a stark turnabout from those of 2022, when new vehicle registrations dropped to their lowest levels since 1993 as component shortages hindered automakers.

In particular, sales in France, Italy and Spain posted double-digit increases, compared with 2022.

Automakers are facing a 2035 deadline set by the European Union to phase out sales of new combustion engine vehicles.

Sales of hybrid cars also soared last year, up by nearly 30 per cent.

However, petrol cars still remained a large part of the new vehicle market, at 35.3 per cent of Europe-wide sales last year, representing 3.7 million cars.

Volkswagen remained in pole position among car manufacturers, with the group selling 2.8 million new cars in 2023, up by 18 per cent on the previous year. - AFP