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Evolution In European Car Registrations: Diesel Decline And Electric Surge

Overview Of A Decade Of Change

New Eurostat data shows a significant shift in the European Union’s passenger car market over the past decade. Diesel car registrations fell by 67% between 2014 and 2024, while battery electric vehicles expanded rapidly, reaching a 13.9% share of new registrations by January 2025.

Key Figures And Sector Trends

The 2025 edition of Key Figures on European Transport analyzes passenger car registrations across 20 EU countries, which accounted for 93% of all new registrations in 2024. The report tracks long-term changes in vehicle types and provides context on infrastructure, energy consumption, economic impact, and environmental performance.

Shift In Energy Types

Data covering 2014–2024 highlights a clear change in the energy mix of passenger vehicles. Diesel-powered cars, including hybrid variants, declined by 67% over the period. Petrol-powered vehicles, also including hybrids, increased by 60%, reflecting a broader transition away from diesel technology.

The Rise Of Electric Mobility

Battery electric vehicles recorded the strongest growth. Registrations increased 45-fold compared with 2014 levels, raising their market share from 0.3% to 13.9% of new registrations by 2024. Vehicles using other alternative fuels, including liquefied petroleum gas, natural gas, hydrogen, and biofuels, rose by 13% over the same period.

Looking Ahead

The data confirms a structural shift in the EU automotive market as manufacturers and consumers move toward alternative energy sources. Continued growth in electric mobility is expected to shape future transport, energy, and industrial strategies across the European Union.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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