Morning Bites (part 1)

🇪🇺 Total car sales in the EU inched up 1% YoY in 2024, as surging demand for HEVs (+20% YoY in 2024) offset the weakening sakes of petrol and diesel cars.

🚗💨Internal combustion engine (ICE) car registrations in the EU rose 1% YoY in 4Q24 (+2% YoY in 2024), vs. the 5% YoY decline in 3Q24. Petrol car sales were down 10% YoY in 4Q24 (vs. -15% YoY in 3Q24), while diesel car registrations dropped 14% YoY (vs. -20% YoY in 3Q24). Diesel cars accounted for 24% of pure-ICE car sales in 4Q24 (flat QoQ and YoY). HEV sales jumped 21% YoY (vs. +15% YoY in 3Q24), as buyers see them as an affordable compromise between pure-ICE and EVs

🚘EU+UK EV sales were flat YoY in 4Q24 (-2% YoY in 2024), after the 11% YoY drop in 3Q24. In particular, in 4Q24, BEV sales gained 2% YoY (vs. -10% YoY in 3Q24), while PHEV sales fell 4% YoY (vs. -14% YoY in 3Q24). The share of BEVs in total EV sales fell slightly to 68% in 4Q24, from 70% in 3Q24

#cars #EV #nickel #lithium #cobalt
https://metals-wire.com/news-reports