Guan Cha Zhe Wang·2025-12-24 09:56Core Insights - The European automotive market is experiencing a significant shift towards electric and hybrid vehicles, with pure electric vehicles (EVs) accounting for 16.9% of the market share, an increase of 3.5 percentage points from the previous year [1][4] - Hybrid vehicles have surpassed one-third of the market share, indicating a strong preference among EU consumers [1][4] - The total market share for fuel vehicles has decreased to 36.1%, down 9.7 percentage points compared to the same period last year [1][4] Market Performance - In the first 11 months of the year, the EU registered 9.86 million new cars, a year-on-year increase of 1.4% [4] - Pure electric vehicle registrations reached 1.6624 million, marking a 27.6% increase year-on-year [4] - The largest four markets (Germany, Belgium, Netherlands, and France) accounted for 62% of the electric vehicle registrations, with Germany seeing a 41.3% increase [4] Hybrid and Plug-in Hybrid Vehicles - The registration of new hybrid vehicles rose to 3.4089 million, a 14.5% increase year-on-year, representing 34.6% of the total market [4] - Plug-in hybrid vehicle registrations reached 912,700, up 33.1% year-on-year, making up 9.3% of new car registrations [6] Fuel Vehicle Decline - Gasoline vehicle registrations totaled 2.6657 million, down 18.6% year-on-year, with a market share of 27% [6] - Diesel vehicle registrations fell to 890,000, a 24.4% decline, representing only 9% of the market [7] Company Performance - Volkswagen Group registered 2.7311 million new cars in the EU, a 5% increase, maintaining a market share of 27.7% [8] - Stellantis Group registered 1.541 million vehicles, a 5.5% decline, with a market share of 15.6% [8] - BYD saw a remarkable 240% increase in registrations, totaling 110,700 vehicles, the highest growth rate among all automotive groups [8] Market Trends - The shift towards electric vehicles is becoming a prominent trend in the European market, despite the EU's recent decision to abandon the 2035 ban on internal combustion engine vehicles [10] - The demand for electric vehicles is increasingly being met by Chinese manufacturers like SAIC and BYD, impacting the expansion of local European brands in the electric vehicle segment [10] - Despite tariffs of up to 35.3% on Chinese electric vehicle imports, the competitive pricing and quality of Chinese electric vehicles have solidified their position in the European market [10]