Demand  in Germany dropped 28.9%,.

Only 13% of new vehicle registrations in Europe were electric, down from 13.9% in March last year and down from 14.6pc for all of 2023.

It came as new vehicle registrations overall fell by 5.3% across the European Union to 1 million last month.

Hybrid cars accounted for 29% of the European market in March, up from 24.4% y-o-y.

March petrol vehicle sales decreased by 10.2% in Europe and  March diesel vehicle sales fell 18.5%.

Battery EV sales were 8% of the US vehicle market last year,

GM, Ford and Tesla have all reported falling electric vehicle sales.

Tesla had a Q1 sales fall of 8.5% and is laying off 10% of its workforce.

Ford’s EV business lost $4.7 billion before interest and tax last year while sales of its consumer ICE and hybrid vehicles made a $7.5 billion profit.

In Q1 GM sold 16,425 electric vehicles in the US, down from 20,000 in Q1 2023.