New car sales in the European Union fell 18.3% year-on-year in August, the lowest level in three years, dragged down by double-digit declines in major markets such as Germany, France and Italy, according to data released by the European Automobile Manufacturers' Association (ACEA) on Thursday.
Photo via Pexels
EU BEV sales plunged 43.9% year-on-year in August, the fourth consecutive month of decline. Germany and France, the EU's largest EV markets, saw declines of 68.8% and 33.1%, respectively.
IT Home noted that sales of plug-in vehicles fell by 22.3% year-on-year, while sales of hybrid vehicles increased by 6.6% year-on-year, reaching a market share of 31.3%.
The three major European automakers, Volkswagen, Stellantis and Renault, all saw sales decline from a year earlier, at 14.8%, 29.5% and 13.9%, respectively. Electric car maker Tesla's sales fell 43.2% year-over-year, and China's SAIC saw a 27.5% year-over-year decline.