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Alternative Fuel Vehicle (AFV) market recorded a strong performance in the first months of 2016 in Europe. AFV registrations rose 6.4% compared to last year, to 154,795 units in the first quarter of 2016 according to the latest figures released by ACEA (European Automobile Manufacturers’ Association).
AFVs have been continuously performing well since last year with Electric Vehicles (EVs) recording the largest increase of 26.8%, backed by the growth of battery (33.9%) as well as plug-in electric vehicles (23.5%). EV registrations rose from 28,181 units in Q1 2015 to 35,730 units in Q1 2016. On the other hand, new registrations of cars powered by propane or natural gas showed a consistent decline (-22.4%) with approximately 15,000 units less than in the first three months of 2015.
Amongst the largest European markets Spain experienced the strongest growth in AFV registrations over the quarter (+51.9%), followed by France (+28.7%), the UK (+23.7%) and Germany (+13.0%), whilst Italy saw a double digit decline (-12.9%).
Positively, the UK recorded one of the best performances amongst the largest European markets. In the first quarter of 2016 hybrid electric vehicles (HEVs) totalled 15,075 registrations in the UK compared to 12,115 in the same period last year. Electric Vehicles (EVs) rose to 10,639 from 8,670 in Q1 2015.
Considering that AFVs is likely to continue to increase and become one of the key sectors of motoring, we are pleased to see that the UK is playing a crucial role in this segment of the market.