Electric cars to reach 29% market share in Romania in 2024

Green Forum
The Automotive Manufacturers and Importers Association (APIA) estimated that "green" cars will reach a 29% share of the total car market in Romania by the end of 2024. During this period, the market for new cars registered locally is expected to continue growing, but at a slower pace of only 5.3% compared to 2023.

This analysis estimates that almost three times as many "green" cars as diesel cars will be registered in Romania this year.

Within this segment, fully electric cars will have a 12.7% market share, equivalent to a 24.7% jump in registrations compared to the previous year.

In 2024, manufacturers and importers forecast a continuation of the growth trend in the number of "electrified" cars registered, at a similar level to the previous year (+24.4%).

The trend in registrations of four-wheel drive (4x4) cars this year shows a market share of around 25.9%, with a 14.4% increase in registrations compared to last year.

According to APIA, the light commercial vehicle category will grow by 7.2% compared to 2023, with a market share of total registrations of around 10.8%, almost at the same level reached a year ago of 10.6%. At the same time, growth for registrations of "electrified" cars in this segment is estimated at around 87.2% compared to the previous year's statistics.

 

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Green Forum  |  17 May, 2024 at 9:00 AM