EU Car Sales Growth Slows in December After Surging Nearly 14% in 2023
• Car sales in the EU rose 13.9% in 2023 to 10.5 million units; Italy (+18.9%), Spain (+16.7%), and France (+16.1%) saw strong growth
• December 2022 marked the first monthly decline after 16 consecutive months of growth, down 3.3% to 867,052 units sold
• Battery electric vehicle sales surged 37% in 2023 to over 1.5 million units sold, though declined 16.9% in December
• Hybrid electric vehicles jumped 29.5% in 2023 with over 2.7 million units sold, taking 25% market share
• Petrol cars still lead with 35.3% market share despite a slight decline, while diesel cars dropped to 13.6% share in 2023