Key Takeaways
- In 2023, the European Union produced 13.2 million passenger cars, marking a 16.4% increase from 2022
- Germany accounted for 4.11 million passenger car productions in the EU in 2023, representing 31.1% of total EU output
- EU commercial vehicle production reached 2.34 million units in 2023, up 6.2% from the previous year
- EU new car registrations totaled 10.5 million units in 2023, down 0.9% from 2022
- Battery-electric vehicles (BEVs) achieved a market share of 14.6% of new car registrations in the EU in 2023
- Germany led with 2.86 million new car registrations in 2023
- The EU automotive industry directly employed 1.2 million people in vehicle manufacturing in 2022
- Indirect employment in the EU auto supply chain supported 13.8 million jobs in 2022
- Germany hosted 770,000 direct auto manufacturing jobs in 2022
- EU automotive industry invested €44.7 billion in R&D in 2022
- Battery electric vehicles required 70% of EU auto R&D spend in 2023
- Germany invested €25 billion in auto R&D in 2022
- EU auto exports reached €172 billion in 2023
- Germany exported 4.5 million vehicles worth €150 billion in 2023
- EU vehicle imports totaled €50 billion in 2023, mainly from Asia
The European auto industry rebounded strongly last year while accelerating its electrification shift.






