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EVs Lift Europe’s February Auto Market as Tesla Rises and BYD Leads

Electrified models reached about two-thirds of EU registrations, reflecting cheaper options supported by policy incentives.

Overview

  • European registrations increased 1.7% in February to 979,321 vehicles, according to ACEA data that tracked a return to growth after January’s dip.
  • Electrified cars captured about 67% of EU registrations, with battery-electric up 20.6%, plug-in hybrids up 32.1%, and hybrids up 10.1% year over year.
  • Tesla ended a 13‑month slide as February registrations rose 11.8% in Europe, and ACEA figures cited for the EU show a roughly 29% jump in the bloc.
  • BYD marginally outsold Tesla for the month, with both brands at about a 1.8% market share in Europe, underscoring the growing presence of Chinese automakers.
  • EU and U.K. officials are easing some CO2 rules after carmakers warned about thin EV margins and Chinese competition, and environmental groups say rebranding petrol models as mild hybrids can inflate “electrified” tallies without big emissions cuts.