The Portuguese automotive market grew by 13.1% in the first quarter of 2024.

New vehicle registrations totaled 68,520, with electric cars making up 16% of this figure.

Over half of the new passenger cars, 51.5%, were powered by alternative energy, including electric.

The leading brands in the market included Peugeot, Renault, Citroën, Mercedes, and Dacia.

The light commercial vehicle segment experienced a 17% growth in March and 14.1% in the first quarter.

Conversely, the registration of heavy vehicles declined by 12.8% in March but increased by 9.5% in the first quarter year-over-year.

The data indicates a robust expansion of Portugal's auto industry with a strong shift towards electric and hybrid vehicles.