Europe's new car registrations logged strong growth in March driven by the surge in demand for battery electric vehicles, the European Automobile Manufacturers' Association, or ACEA, said Thursday.
Car sales increased 12.5 percent from a year ago to 1.158 million units in March, with electric and hybrid vehicles accounting for the majority of growth.
Battery electric sales advanced 48.9 percent compared to the previous year. Plug-in hybrid car sales climbed 28.2 percent and hybrid electric car sales grew 20.1 percent. Meanwhile, sales of petrol and diesel cars decreased 9.4 percent and 12.3 percent, respectively.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.