European automotive markets see surge in electric vehicle adoption

European automotive markets are experiencing a significant shift toward electric vehicles (EVs). In France, August 2026 saw a 7.4% increase in new car registrations, totaling 94,351 units. Notably, EVs reached a record 38% market share, driven largely by the social leasing program. The Tesla Model Y emerged as the top-selling vehicle in France, outpacing the Peugeot 208, while Renault and Tesla together accounted for a third of all electric sales.

In Belgium, the market also showed growth, with EV registrations reaching a record 46.2% share, primarily driven by professional and company car fleets. Meanwhile, Leapmotor is expanding its global footprint through a joint venture with Stellantis, which facilitates the distribution of its models in Europe and Mexico. Leapmotor reported record global deliveries in August, exceeding 100,000 units.

Manufacturers are also updating their lineups to remain competitive. Renault has introduced updates to the R5 E-Tech, offering improved range and new configurations. Concurrently, Chinese manufacturer Geely is entering the French market with the E2, a budget-friendly electric city car priced lower than the Renault 5, though it does not qualify for certain European ecological bonuses.