European new‑vehicle registrations rose 1.7% in February to 979,321 units, led
by strong growth in electric vehicles (EVs) and plug-in hybrids, according to
the European Automobile Manufacturers’ Association. Germany, Spain, Italy, and
the UK saw gains, while France fell nearly 15%. EV sales surged on new subsidies
and affordable models, with Germany up 27% and France 28% for battery-only
vehicles. Chinese EV makers BYD and Zhejiang Leapmotor gained market share,
outselling Tesla in February. Analysts warn the Iran war may slow overall
demand, with a prolonged conflict potentially reducing 2026 European sales by
4%.
