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Total registrations at Europe's two largest carmakers Volkswagen
and Stellantis rose by 11.5% and 15% respectively in January,
but were down 2.9% at Renault, data from the European Automobile
Manufacturers Association (ACEA) showed.
Sales of new battery electric (BEV) cars dropped 42.3% from
December to 92,741 vehicles, although that was a 29% increase
from a year earlier.
The trend was driven by Germany and France, the two biggest BEV
markets in the bloc, where fully electric sales fell
respectively by 59% and 46% from the previous month, but rose
24% and 37% from a year earlier.
The figures reflect a global slowdown in electric vehicle sales,
which dropped 26% in January from December but rose 69% from a
year earlier, according to data published last week, as subsidy
cuts or tighter rules in Germany and France weighed, among other
factors.
As the high cost of EVs has become a barrier to broader mass
adoption, Stellantis and Renault are trying to develop more
affordable EVs.
EVs - whether fully electric models, plug-in hybrids or full
hybrids - accounted for 47.5% of all new EU passenger car
registrations in January, up from 42.7% a year earlier, but down
from 53.3% in December.
U.S. EV pioneer Tesla saw a 66.9% yearly increase in EU sales in
January. The number of new vehicles registered in January in the
EU, Britain and the European Free Trade Association (EFTA) rose
by 11.5% to 1 million vehicles, the ACEA said.
(Reporting by Greta Rosen Fondahn and Alessandro Parodi; Editing
by Mark Potter)
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