NFDA calls for EV price incentives in spring budget after EU car market returns to growth

January saw a return to growth in new passenger car registrations, according to the latest European Automobile Manufacturers’ Association (ACEA) figures. These followed a -3.3 per cent contraction in December. New car registrations in the EU witnessed an increase of 12.1 per cent year-on-year, reaching 851,690 units for January 2024. “It is positive to see a return to growth in the EU car market following the contraction experienced in December 2023, particularly with January traditionally being a slower month” said Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), commenting on the figures.