European New Car Registrations Rise 0.6% Amid Shifts in Vehicle Preferences
July 2024 saw 1,025,290 new cars registered across Europe, according to the Association of Automobile Manufacturers of Europe (ACEA). Fully electric vehicles (BEVs) accounted for 139,657 units, marking a 5.9% decline compared to July 2023. Plug-in hybrids (PHEVs) saw an even sharper drop of 10.6%