Romanian car market registers sharpest decrease in new fully electric vehicles in 2024
<p>Romania saw the largest percentage decrease in new fully electric cars registered in 2024, a nearly 33% drop, according to data from the <a href="https://www.acea.auto/pc-registrations/new-car-registrations-0-8-in-2024-battery-electric-13-6-market-share/">European Automobile Manufacturers Association</a>.</p>
<p>Fully electric cars represented 10.1% of new cars sold in Romania in 2023. Last year, the figure dropped to 6.5%.</p>
<p>Across Europe, 1.44 million new fully electric cars were registered last year, a 6% drop compared to 2023. The largest market, Germany, experienced a 27% decline, down to 380,000 units, while the second-largest market, France, saw a 2.6% decrease.</p>
<p>The primary reason for the decline in fully electric vehicles was the reduction or elimination of government subsidies for purchasing such cars.</p>
<p>In Romania, the decrease was from over 14,000 to under 10,000 registrations. However, hybrid and diesel cars performed well, with diesel registrations increasing by 15%.</p>
<p>Some smaller markets also saw declines of over 20% in fully electric vehicles, but several countries reported significant growth: Belgium (37%), the Netherlands (16%), Spain (11%), and Hungary (47%). </p>
<p>Among non-EU countries, two stand out for electric car sales: the UK, with 381,000 units last year (a 21% increase), and Norway, with 114,000 units (a 9% increase). </p>
<p>Overall, 10.6 million new cars (gasoline, electric, hybrid, diesel, LPG) were registered in the EU in 2024, up by 0.8%. Spain continued to show resilience with a solid 7.1% growth rate. In contrast, declines were observed in France (-3.2%), Germany (-1%), and Italy, with a slight drop of 0.5%.</p>
<p>The Volkswagen brand held an 11% market share, while Toyota accounted for 7.5%. Dacia increased its market share compared to 2023, reaching 5.1% from 4.9%. Skoda held 6.2% of the market, Renault 5.9%, and BMW 5.8%. </p>
<p>Several brands saw registration declines exceeding 20%, including Fiat, Mini, smart, Jaguar, and Lancia/Chrysler.</p>
<p><em><a href="mailto:radu@romania-insider.com">radu@romania-insider.com</a></em></p>
<p><em>(Photo source: Nicola Ferrari | <a href="https://www.dreamstime.com/">Dreamstime.com</a>)</em></p>