The latest year-on-year data from the New Passenger Car Registrations indicator showcased that in the month of August, hybrid and battery electric vehicles(BEVs) far outperformed sales of traditional, petrol and diesel vehicles, showcasing that a shift in consumers behaviour may have occurred. Petrol car sales fell by -16%, diesel by -18% whereas, sales of hybrid cars rose by 14% and BEV’s sales grew by 30%.
Year to date sales of hybrid cars in Europe almost reached 2.5 million compared to the 2 million sales of “old school” petrol and diesel.
Growth in EU passenger registration saw a 5.3% rise in August, following a 7.4% gain in July and market the 2nd consecutive month of growth, as demand from three out four of Europe’s largest economies, Germany, France and Spain increased rapidly. BEV car purchases from Spaniards contributed the most to the overall sale increase.
Chinese car brands saw significant growth, more than doubling their sales compared to a year earlier, with models from BYD and MG leading the pack, and outpacing their US rivals, Tesla in sales across Europe
Volkswagen remained the top-selling carmaker in Europe, followed by Stellantis and Renault, with the Volkswagen T-Roc being the best-selling car model in August 2025
In related news, the US administration stated that it will lower import tariffs of European cars from 27.5% to 15%, with Washington moving to honour the revised US-EU trade agreement announced back in July, following the European Commission’s legislation revision which is set to reduce duties on a range of U.S. goods.
Technical Analysis
BYD Chart – BYD sales in Europe thrive on robust demand for budget-friendly consumers
Resistance: 115 (R1), 124 (R2), 133 (R3)
Support: 103 (S1), 95 (S2), 86 (S3)