Cookies utilized by Autovista24 enhance user's browsing experience
Spain's new-car market experienced a significant boost in February 2025, registering an 11% year-on-year increase with a total of 90,327 units sold[1]. This positive trend contrasts other major European markets that have generally shown slower or negative growth during the same period.
The strong growth in the Spanish market is largely attributed to the surge in electric vehicle (EV) sales. The total electrified car sales increased by a remarkable 155%, with electric and plug-in hybrid vehicles accounting for 14.2% of the market, up from 11.6% a year ago[1][5].
Electrified vehicles saw a 60.8% year-on-year increase in deliveries in February 2025, with battery electric vehicles (BEVs) taking a 6.8% market share, up from 4.7% in the same period last year[1]. Plug-in hybrid vehicles (PHEVs) also had a positive February, with a 24.1% increase in deliveries and a 7.6% market share, up 0.8 percentage points[1].
Hybrid vehicles, both full and mild hybrids, saw a 39% increase in registrations in Spain in February 2025, with a total of 11,173 units[1]. This growth in hybrid technology registrations widened the gap between hybrid technology and petrol as the most popular fuel type in Spain's new-car market.
The petrol market share dropped significantly in the first two months of 2025 in Spain, down 7.5 percentage points to 30.3%. Petrol registrations also declined by 14.3% in Spain in February 2025, with a total of 27,983 new models recorded[1].
The Spanish Government's decision to overturn a Royal Decree that looked to extend the MOVES III incentive scheme to June 2025 may have further boosted the growth in the new-car market[1]. The government's support for electric and heavy goods vehicles, along with the allocation of over €5.7 billion in European funds for related projects, fosters automotive sector investment and consumer incentives for newer, cleaner vehicles[4].
The robustness of Spain's new-car market suggests it could remain the strongest market among the big five European markets. The country's economy has shown steady improvement, reaching 92% of the EU average GDP per capita (PPP) in 2024, indicating rising consumer confidence and increased disposable income for car purchases[2]. Additionally, the growth in the tourism sector, with a 6.9% increase in international tourist arrivals in early 2025, contributes positively to local economies, indirectly supporting consumer spending including for vehicles[4].
Sources:
- Autovista Group
- Eurostat
- ANFAC
- European Commission
- Tesla Inc. financial reports
The surge in electric vehicle sales and the growth in hybrid technology registrations have contributed to a significant boost in the automotive industry, especially in Spain's new-car market, where finance for cleaner vehicles has been facilitated by the Spanish Government's decision to extend incentives and the allocation of European funds. This expansion in the transportation sector is also a reflection of Spain's improving economy and the growth in the tourism sector, leading to increased consumer confidence and spending on vehicles.
