European new vehicle registrations increased by 10% to 1,155,648 units in September, marking the slowest rate of growth recorded this year. In comparison to September 2020, when the pandemic was impacting the market, total volume was down by 11%.
The demand for electric vehicles was high considering the lack of affordable EVs on the market. Last month, EV registrations totalled 186,380 units accounting for 16.1% of the market – an increase of 13% when compared to September 2022.