Morning Bites

🇪🇺 Total car sales in the EU rose 4% YoY in 1Q26

🚗💨 Internal combustion engine (ICE) car registrations in Europe decreased 3% YoY in 1Q26, after the 8% YoY drop in 4Q25. Petrol car sales shrank 17% YoY (vs. -18% YoY in 4Q25), while diesel car sales declined 16% YoY. Diesel cars accounted for 23% of total ICE car registrations. Stronger HEV sales (+12% YoY in 1Q26) partially offset the decline in petrol and diesel registrations. Overall, the sales figures remained weak, compared with pre-Covid levels. We note that the EU represents 23% and 30% of global Pd and Pt autocatalyst demand, respectively

🚘 EV sales in Europe rose 28% YoY in 1Q26, after the +40% YoY in 4Q25. Specifically, BEV sales were up 26% YoY (vs. +41% YoY in 4Q25), while PHEV sales surged 33% YoY. The share of BEVs in total EV sales inched down to 67% (vs. 69% in 4Q25)

#cars #EV #nickel #lithium #cobalt