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Economy News

The Economic Times

Economy / The Economic Times

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European car sales grow in March as EV rise offsets combustion engine decline

European new car sales surged 11.1% in March, driven by a massive 42% jump in electric vehicle registrations. This strong performance, with EVs making up nearly 70% of sales, helped offset declining petrol and diesel models. Tesla saw an impressive 84.3% growth, surpassing competitor BYD. Legacy automakers also reported moderate gains.

23 Apr 2026 9:52 am