The new Peugeot 308 is not set to reach Australia until early 2015 but it's already collected a prestigious gong in the European Car of the Year for 2014.

Pug 308

Peugeot's rival for the likes of the Mazda 3, Golf and Focus amassed 307 points from the total of 58 jurors comprising motoring journalists from across Europe, with the BMW i3 electric car taking the runners-up spot with 223 votes.

Other contenders included the Tesla S (216 votes), Citroen C4 Picasso (182), Mazda 3 (180), Skoda Octavia (172) and Mercedes-Benz S-Class (170).

Peugeot last won the European Car of the Year in 2002 with one of the 308's predecessors, the 307.

It's the second consecutive year a small hatchback has won the Euro COTY following the Volkswagen Golf's win in 2013.

Previous winners past 10 years

2013 – VW Golf

2012 – Opel Ampera/Chevrolet Volt

2011 – Nissan Leaf

2010 – VW Polo

2009 – Opel Insignia

2008 – Fiat 500

2007 – Ford S-Max

2006 – Renault Clio

2005 – Toyota Prius

2004 – Fiat Panda