Electric vehicles reach 29% share of European car market — InsideEVs
In the countries of the European Union, the United Kingdom and the member states of the European Free Trade Association, electric vehicles accounted for 29.2% of newly registered cars in August. This was up from 20.2% in the same month last year, InsideEVs reports, citing data from the European Automobile Manufacturers' Association (ACEA).
According to an assessment by the International Council on Clean Transportation (ICCT), electric vehicles accounted for 29% of all new cars in the region in August. Over January-August, their share of the regional market reached 23.2%, according to ACEA data, and 23%, according to the ICCT estimate. At the same time, electric vehicles surpassed both petrol and diesel cars individually in sales share.
Decline in the share of internal combustion engine vehicles
In August, petrol cars accounted for 18.5% of all new registrations, while diesel cars accounted for 5.8%. In the first eight months of the year, the combined share of petrol and diesel models was 27.9%, according to ACEA estimates, and 29%, according to ICCT data.
A year earlier, at the end of August, electric vehicles held 17.7% of the new car market, while petrol and diesel models together accounted for 35.8%. Hybrid cars remained the largest segment in August, with a 32.8% share. Since the beginning of the year, their share has stood at 36.3%, compared with 34.7% in the corresponding period last year.
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Leaders among automakers and countries
Among local automakers, BMW Group had the highest share of electric vehicles in sales over January-August at 30%. This was 10 percentage points higher than last year. The ICCT links this result, among other things, to the success of the new BMW iX3 crossover.
The highest rate of electric vehicle registrations in the first eight months of the year was recorded in Norway, at 98% of all new cars. It was followed by Denmark with 82%, Finland with 50%, Iceland with 47% and Sweden with 43%. Croatia had the lowest figure among the listed countries, at 4%.
Volkswagen, according to the publication, is increasing electric vehicle assembly in Germany and reducing production of vehicles with internal combustion engines. For the first time, the company received more orders for electric vehicles in Germany than for ICE vehicles, including due to demand for the ID. Polo.
