Hybrid demand rises as EV appetite falls

New data has revealed a dampening of demand for EVs in favour of hybrids.

According to new registrations figures published by the European Automobile Manufacturers’ Association, EV market share across Europe fell by 11.3% in March to make up just 13% of new car sales, while hybrids rose by 12.6%.

Meanwhile, petrol car sales plunged by 10.2% and diesel sales fell even more sharply, by 18.5%.

Overall, new car sales dropped by 5.2% last month, although sales across the first quarter rose by 4.4%.

Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), said: “It is unfortunate to see that the final month of the quarter has not continued the growth experienced in January and February, with March seeing a contraction in the EU car market. This downturn, marked by a 5.2% contraction in new car registrations, underscores the challenging conditions facing the industry at this time of political uncertainty.

“It is also disappointing to see EV sales have witnessed a significant decline. With auto sector CEO’s calling for EU leaders to create the conditions for EV competitiveness and market demand it seems that March signals a period of tumult for the EV market despite most major markets being ahead of the UK in offering price incentives for EV registrations.”