By 2023, about half of all new automobiles sold in the EU will be powered.

Hybrid/EV registrations are up from this time last year, albeit they were still strong.
According to statistics, sales of electric vehicles accounted for over half of all new passenger car registrations in the EU between January and November 2023 and had already surpassed the halfway point in November alone.

The European Automobile Manufacturers Association (ACEA) reported that as of November, over 47.6% of all new passenger car registrations in the EU were electrified cars, whether they were plug-in hybrids, full hybrids, or completely electric versions. This percentage was up from 43% during the same time previous year.

November saw the 16th consecutive month of growth in new automobile registrations in the EU, up 6.7% overall and 13.3% year over year for electric vehicle registrations. The results indicated that although diesel automobile registrations decreased by 10.3%, those for gasoline increased by 4.2%.

Fully electric vehicle registrations increased 16.4% to 144,378 over the previous year, despite a 22.5% decline in registrations to 44,942 in Germany, the largest EV market in Europe.

Consumer preference for hybrid-electric cars remained strong in the electrified market, with a year-over-year increase of 28.7%, while plug-in hybrid demand fell by 22.1%.

Out of around 2.5 million vehicles registered in the EU overall, over 1.5 million hybrid-electric cars have been registered in Germany, France, and Italy so far this year.

Despite the growth of electric cars, the ACEA warned earlier in December that in Europe, given China's dominance in the supply chain and US subsidies for its manufacturers, the EV industry risks lagging behind other countries' EV sectors in the absence of a strong EU industrial policy.

A stagnation in the market for electric cars over the last several months has also been mentioned by certain automakers and experts. The demand for electric vehicles (EVs) is not growing as anticipated, according to Volkswagen, the biggest automaker in Europe, while Mercedes-Benz, a manufacturer of luxury vehicles, warned of a "brutal" EV market with steep price drops and supply-chain problems in October.

According to the ACEA, Volkswagen and Renault had increases in registrations of 11.4% and 6.1%, respectively, in November, while Stellantis saw a 7.3% decline in registrations.

In the same month, Tesla, Elon Musk's electric vehicle startup, had a roughly 45% increase in registrations, accounting for approximately 22% of all electric vehicle registrations in the EU.

According to the ACEA, there were 1.08 million new car registrations in the EU, the UK, and the European Free Trade Association (EFTA) in November, an increase of 6%.