The Peugeot 308 has been named the 2014 European Car of the Year.

The Peugeot 308 has been named the 2014 European Car of the Year.

Described as a clear winner, the 308 handily beat its nearest competitors with a total of 307 points. For comparison, the second place BMW i3 received 223 points while the third place Tesla Model S garnered 216 points. The remaining four finalists were the Citroën C4 Picasso (182 points), Mazda3 (180 points), Skoda Octavia (172 points) and Mercedes S-class (170 points).

According to the panel of 58 European jurors, the 308 is "stylish" and exudes "quality and elegance." The panel was also impressed by the car's lightweight EMP2 platform and its fuel-efficient engine lineup.

The 308 is also a competitor for the 2014 World Car of the Year and it will square off with the Audi A3, BMW 4-Series, BMW i3, Cadillac CTS, Citroën C4 Picasso, Ford Fusion / Mondeo, Infiniti Q50, Jeep Cherokee, Lexus IS, Mazda3 and Skoda Octavia.