The 2024 forecast for European alternative fuel vehicle registrations highlights significant growth, notably in Germany, France, and Italy. Germany leads with nearly 1.96 million registrations, followed by France at 0.84 million, indicating robust adoption. Year-on-year growth in 2023 was highest in Hungary (71.11%), Romania (65.93%), and Germany (60.83%). Over five years, the compound annual growth rates reflect sustained investment and consumer interest across many countries.
Future trends suggest a continued push towards electrification and sustainability, with further incentives likely driving higher adoption rates, particularly in emerging markets within Europe. Key factors include environmental regulations and infrastructure developments.
Top countries in Alternative Fuel Vehicle Registrations by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,957,600 | 2023 | +25.97% | +60.83% | View data |
| 2 | 2 France | 841,660 | 2023 | +23.53% | +43.06% | View data |
| 3 | 3 Italy | 672,350 | 2023 | +15.5% | +21.52% | View data |
| 4 | 4 Spain | 310,630 | 2023 | +14.45% | +23.43% | View data |
| 5 | 5 Sweden | 286,520 | 2023 | +22.62% | +39.64% | View data |
| 6 | 6 United Kingdom | 258,570 | 2023 | +5.25% | +10.81% | View data |
| 7 | 7 Netherlands | 206,420 | 2023 | +12.33% | +31.68% | View data |
| 8 | 8 Poland | 156,620 | 2023 | +19.57% | +36.69% | View data |
| 9 | 9 Norway | 155,340 | 2023 | +9.1% | +11.76% | View data |
| 10 | 10 Switzerland | 143,030 | 2023 | +21.39% | +45.96% | View data |
