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<\/p>\nEuropeans are ditching what used to be the de facto fuel for passenger cars\u2013diesel\u2013in favor of battery-powered vehicles. <\/p>\n
According to the European Automobile Manufacturers\u2019 Association (ACEA), new EV registrations in the European Union have surpassed those of diesel-powered cars from January to October for the first time. This means EVs are now the third most popular type of vehicle here, after gas-powered cars and hybrids.<\/p>\n
Last month, EU registrations for battery-electric cars increased by 36.3% compared to October 2022, reaching 121,808 units, while the diesel car market continued to decline, with sales seeing a decrease of 13.2 percent.<\/p>\n
Year-to-date, the EU saw 1.2 million new EVs registered on its territory, a massive increase of 53.1% compared to last year, and reached a total market share of 14% in the first ten months of this year.<\/p>\n
By contrast, diesel-powered cars went from having a 15.9% market share in October of last year to just 12% this year. That\u2019s a noteworthy decrease when compared to the year 2015 when diesel had a grip on the European car market with a 50% share. Year-to-date, diesel has a 13.9% share.<\/p>\n
\u201cIn October, the market share of battery-electric cars rose to 14.2%, up from 12% in the same month last year. The year-to-date share now stands at 14%, surpassing diesel\u2019s cumulative share for the first time,\u201d ACEA said in a statement.<\/p>\n
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Hybrids saw a healthy increase in sales, too, with 2.2 million new registrations in the EU from January to October, up by 29.8% compared to the same period last year. On the other hand, plug-in hybrids were down in popularity on the Old Continent, with just 72,002 units sold last month, leading to a market share of 8.4% year-to-date, down from last year\u2019s 10.2%.<\/p>\n
Gasoline-powered cars are leading the way in terms of registrations, growing its market share by 8.1% in October. However, in the first ten months, this category contracted from 35.4% to 33.4% compared to the same period last year.<\/p>\n
In other words, it looks like diesel- and traditional gas-powered cars are slowly but surely making room for the next wave of hybrid and electric vehicles, whether people like it or not.<\/p>\n
As a reminder, the European Union Parliament voted to ban the sale of all new cars that produce carbon dioxide emissions from 2035.<\/p>\n