EU Sees Significant Decline in New Car Registrations
In August, the EU market for new cars experienced its most significant decline in more than two years. Read Full Article at RT.com.
TroibNews 
In August, the EU market for new cars experienced its largest decline in over two years, as reported by the European Automobile Manufacturers’ Association (ACEA). Data revealed that registrations of new automobiles fell by 18.3% year-on-year across the bloc. This decline was particularly pronounced in the region's three major markets, with Germany experiencing a 27.8% drop, France a 24.3% decrease, and Italy a 13.4% fall. Spain, the fourth largest car market in the EU, also noted a 6.5% decline.
Only a handful of EU member states—specifically Poland, Slovenia, Cyprus, and Malta—reported slight increases in new car registrations last month, per the ACEA data.
Most of the new vehicles delivered in the EU were petrol-fueled, with hybrid-electric vehicles following closely behind, representing 31.3% of the market. However, the share of new battery-electric vehicles (BEVs) in the EU car market fell to 14.4%, a notable decrease from the 21% recorded in August 2023. Deliveries of BEVs have now been declining for four consecutive months this year, marking a stark contrast to the steady growth seen throughout 2023, according to ACEA.
The association represents Europe's 15 major manufacturers of cars, trucks, vans, and buses. The overall decline in new car registrations coincided with Brussels’ implementation of provisional tariffs in July on BEVs manufactured in China. Following an investigation into anti-subsidies, the European Commission determined that the BEV value chain in China benefits from “unfair subsidisation,” posing “a threat of economic injury” to European BEV producers.
As a result, carmakers faced levies ranging from 17.4% to 37.6%, depending on the identified subsidies and their cooperation with the investigation.
Mark B Thomas contributed to this report for TROIB News
Only a handful of EU member states—specifically Poland, Slovenia, Cyprus, and Malta—reported slight increases in new car registrations last month, per the ACEA data.
Most of the new vehicles delivered in the EU were petrol-fueled, with hybrid-electric vehicles following closely behind, representing 31.3% of the market. However, the share of new battery-electric vehicles (BEVs) in the EU car market fell to 14.4%, a notable decrease from the 21% recorded in August 2023. Deliveries of BEVs have now been declining for four consecutive months this year, marking a stark contrast to the steady growth seen throughout 2023, according to ACEA.
The association represents Europe's 15 major manufacturers of cars, trucks, vans, and buses. The overall decline in new car registrations coincided with Brussels’ implementation of provisional tariffs in July on BEVs manufactured in China. Following an investigation into anti-subsidies, the European Commission determined that the BEV value chain in China benefits from “unfair subsidisation,” posing “a threat of economic injury” to European BEV producers.
As a result, carmakers faced levies ranging from 17.4% to 37.6%, depending on the identified subsidies and their cooperation with the investigation.
Mark B Thomas contributed to this report for TROIB News
