The European Vehicle Market Statistics 2024/25 report offers a detailed statistical analysis of the European Union’s vehicle market, covering passenger cars, light commercial vehicles, and heavy-duty vehicles from 2001 to 2023. The report highlights key trends and findings in new vehicle registrations, technologies, fuel consumption, and tailpipe emissions.
Key Findings
- 10.6 million new cars were registered in 2023, marking a 14% increase from 2022.
- SUVs dominated the market, accounting for 48% of new car registrations in 2023.
- The average CO2 emissions from new passenger cars decreased by 2 g/km to 108 g/km in 2023.
- Battery electric vehicles (BEVs) made up 15% of new car registrations in 2023, while plug-in hybrid electric vehicles (PHEVs) accounted for 8%.
- The market share of diesel vehicles continued to decline, falling to 18% in 2023 from 53% in 2014.
Market Trends
The report reveals a significant shift in the European vehicle market, with SUVs becoming increasingly popular. In 2010, every tenth new vehicle was an SUV, compared to nearly every second new vehicle in 2023. The market share of SUVs rose to 48% in 2023, followed by the Lower Medium segment at 19%.
Electrification Progress
The adoption of battery electric technology is gaining momentum, particularly in commercial vehicles. In 2023, BEVs accounted for 40% of new bus registrations and 10% of light and medium commercial vehicles. However, the electrification of heavy trucks and coaches remains in its early stages, with only 1% market share in 2023.
CO2 Emissions and Technical Parameters
The report highlights a 47% reduction in average CO2 emissions from new passenger cars since 2001. However, vehicle weight increased by 21%, and engine power rose by 56% during the same period. The decrease in CO2 emissions can be attributed to the growing market share of BEVs and PHEVs.
Technologies and Market Share
The top 10 electric vehicle models accounted for 24% of all EV sales in Europe in 2023. BEVs made up 15% of new car sales, while PHEVs accounted for 8%. Hybrid electric vehicles (HEVs) continued to gain traction, reaching over 9% of new vehicle sales in the EU-27.
The report provides valuable insights into the evolving European vehicle market, highlighting trends, challenges, and opportunities in the transition towards decarbonized transport.
