Part of EAFO’s Series on EV Market Trends Across Europe

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Despite a few hurdles during the year, the Greek new car market closed 2024 with a +1.9% rise compared to 2023, reaching 137,101 total new passenger car registrations, according to ELSTAT data processed by the Association of Motor Vehicle Importers Representatives (SEAA).

Passenger Car Registrations

• December 2024: 8,706 units (+5.7% vs December 2023’s 8,240).
• Full Year 2024: 137,101 units vs 134,484 in 2023 (+2,617 vehicles).

2024 had months of decline (notably March, and then July through October), but the market rebounded strongly in other periods, with June hitting a high of 14,147 registrations.

Powertrain Mix

EVs (fully electric BEV + plug-in hybrids PHEV) climbed to 20.6% of new passenger cars (up from 15.1% in 2023) – a 36.4% jump in volume. Conventional hybrids (HEVs) also grew significantly (+21.3%). In contrast, non-electrified petrol and diesel segments continued to shrink.

December 2024 vs December 2023

• Gasoline: 22.4% share (–12.9 percentage points year-on-year)
• Diesel: 5.6% share (–2.3 pp)
• Hybrids (HEV): 45.6% share (+8.6 pp)
• Rechargeable (BEV+PHEV): 20.6% share (+5.5 pp)

For the full year 2024, diesel’s share stands at 7.2% (down 6.2 pp from 13.1% in 2023), while hybrids reach 42.3% (+11.4 pp) and BEV+PHEV total 12.4% share (+3.4 pp).

Light Commercial and Bus Sales

Light commercial vehicle sales remained essentially stable at 10,761 (–1.0% vs. 2023’s 10,870). In stark contrast, bus registrations soared to 874 units (+246.8%), primarily driven by major city fleet upgrades.

Looking Ahead

“After a challenging first half of 2024, Greece’s new car market ended slightly above last year’s results,”. The standout development was the near 21% share of BEV and PHEV in December alone, part of a broader shift toward electrification. Still, ongoing support for charging infrastructure and EV incentives will be crucial to sustain this upward EV trajectory in 2025.” 

Said an SEAA spokesperson.

Source:

• SEAA

Views and opinions expressed are those of the author(s) and do not reflect those of the European Commission.