Morning Bites (part 2)

🇪🇺 Total car sales in the EU rose 8% YoY in 2Q26

🚗💨 Internal combustion engine (ICE) car registrations in Europe fell 2% YoY in 2Q26, followng the 3% YoY decline in 1Q26. Petrol car sales dropped 16% YoY (vs. -17% YoY in 1Q26), while diesel car sales slid 17% YoY. Diesel cars accounted for 23% of total ICE car registrations. Stronger HEV sales (+13% YoY in 2Q26) partially offset the contraction in petrol and diesel registrations. Overall, the sales figures remained subdued compared with pre-Covid levels. We note that the EU represented 23% and 25% of global Pd and Pt autocatalyst demand in 2025, respectively

🚘 EV sales in Europe jumped 35% YoY in 2Q26, after the +28% YoY in 1Q26. Specifically, BEV sales surged 43% YoY (vs. +26% YoY in 1Q26), while PHEV sales were up 20% YoY. The share of BEVs in total EV sales rose to 70% (vs. 67% in 1Q26)

#cars #EV #nickel #lithium #cobalt