European Market Monitor: Cars and Vans (March 2025)
Passenger Car Registrations
The average share of battery electric vehicles (BEVs) among total new registrations in Europe remained steady at 16% in March 2025, consistent with February 2025 levels. The BMW pool led with a 25% BEV share, followed by the Mercedes-Volvo-Polestar pool at 23%. In contrast, the Tesla-Stellantis-Toyota pool lagged behind the European average with a 14% BEV share.
The share of plug-in hybrid electric vehicles (PHEVs) increased slightly to 8% in March, with the Mercedes-Volvo-Polestar pool dominating at 23%. SAIC led in full hybrid electric vehicles (HEVs) with a 41% share, representing a 24 percentage point increase from the 2024 average.
CO2 Emissions and Manufacturer Performance
Average CO2 emissions among manufacturer pools stood at 103 g CO2/km in March 2025, remaining 10 g CO2/km above the 2025 target of 93 g CO2/km. The Hyundai and Tesla-Stellantis-Toyota pools made significant progress in reducing their target gaps by 25% and 13%, respectively. The BMW pool was in compliance with its 2025 target, while Nissan was the farthest from reaching its target.
Passenger Car Registrations by Country
Major European markets showed varied trends, with total passenger car registrations declining 15% in France and the Netherlands, while Italy surpassed France in market size. New registrations surged 24% in Spain and 19% in Czechia compared to the previous year. Combined BEV and PHEV market shares averaged 24% in Europe, with Norway leading at 95%.
Van Registrations
Over 346,000 new vans were registered in Europe in the first quarter of 2025, marking a 13% decrease from the same period in 2024. The share of battery electric vans rose to 9%, up from 6% in the first quarter of 2024. Nissan led with a 13% BEV share among van registrations.
Charging Infrastructure Development
Europe reached over 1 million public charging points by the end of the first quarter of 2025, representing a 28% increase in alternating current (AC) charging points and a 54% increase in direct current (DC) charging points compared to the same period in 2024. Denmark recorded the largest growth in DC chargers at 104%, followed by Belgium.
The data indicates continued growth in electric vehicle adoption and charging infrastructure development across Europe, with varying performance among manufacturers and countries.
