Overview
- ACEA’s report released Tuesday shows February registrations across the EU, UK, and EFTA up 1.7% to 979,321, with electrified cars—battery-electric, plug-in hybrid, and hybrid—reaching 67% of the market.
- Tesla ended a 13‑month slide with roughly 12% growth in February registrations, yet BYD narrowly topped it for the month as both brands held a 1.8% share of Europe’s market.
- Battery-electric registrations rose 15.8% year over year as plug-in hybrids jumped 33% and hybrids gained 10%, while petrol fell 17% and diesel dropped 13.5% as buyers shift away from combustion engines.
- EU and UK regulators signaled rollbacks of some CO2 rules after automakers warned about EV profitability, and campaigners say rebranding some petrol cars as mild hybrids can inflate the ‘electrified’ tally without matching CO2 cuts.
- Investors welcomed Tesla’s rebound with a roughly 3–3.5% rise in TSLA, as coverage split between neutral data reads and sharper takes highlighting BYD’s faster growth and Tesla’s continued pressure in Europe.