Morning Bites (part 1)

🇪🇺 Total car sales in the EU were broadly flat YoY in 1Q25, as solid demand for BEVs and HEVs offset the weakening sales of petrol/diesel cars

🚗💨Internal combustion engine (ICE) car registrations in the EU declined 6% YoY in 1Q25, vs. the +1% YoY in 4Q24. Specifically, petrol car sales were down 21% YoY in 1Q25 (vs. -10% YoY in 4Q24), while diesel car registrations dropped 26% YoY (vs. -14% YoY in 4Q24). Diesel cars accounted for 23% of pure-ICE car sales in 1Q25 (broadly flat QoQ and YoY). HEV sales jumped 20% YoY (vs. +21% YoY in 4Q24), as buyers see them as an affordable compromise between pure-ICE and EVs

🚘EU+UK EV sales grew 20% YoY in 1Q25, after the flat YoY dynamics in 4Q24 (mainly due to low base effect). In particular, BEV sales jumped 28% YoY (+2% YoY in 4Q24), while PHEV sales were up 6% YoY (vs. -4% YoY in 4Q24). The share of BEVs in total EV sales remained at 68% in 1Q25 — the same as in 4Q24

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