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In the second quarter of 2016, Alternative Fuel Vehicle (AFV) registrations have remained steady in the EU (+0.6%) with a total of 147,784 units, according to recent figures released by the ACEA (European Automobile Manufacturers’ Association).
Among the largest markets, Spain saw the biggest increase (+84.4%), followed by the UK (+18.4%), where a total of just over 46,000 units have been registered in the first six months of the year, second only to Italy (104,648 units). Italy maintains the lead primarily because of the popularity of non-electric alternatively fuelled vehicles (natural gas vehicles (NGV) + LPG‐fuelled vehicles + ethanol (E85) vehicles), 84,047 of these where sold in the country in the first two quarters of the year.
According to the SMMT, AFVs have secured a market share in the UK, of 3.2% year-to-date, with a growth rate of 22.0%. The positive trend continued in August with registrations up 30.8% compared to the same period last year.
The UK alternatively fueled vehicles market is today one of the strongest in the EU. Cheaper running costs represent the main reason why an increasing number of consumers are considering purchasing AFVs. Forecasts are optimistic, but further reduction in costs of ownership as well as the resolution of issues with insurance and charging facilities will also influence future sales.
New passenger car market in the EU: total alternative fuel vehicles sales Q1+Q2
|Country||Q1+Q2 2016||Q1+Q2 2015||% Change|