Electric cars in Europe: More than 20 percent of new registrations are electric cars

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Germany is one of the driving forces, according to figures published by the Acea manufacturers association on Wednesday. Compared with August of the previous year, electric car registrations in Germany increased by approximately 171 percent, accounting for a share of almost 32 percent, ranking fifth in the European comparison.

A total of 787,626 new vehicles were sold in the European Union last month. This means new registrations increased year-on-year for the thirteenth month in a row; this time it increased by 21 percent compared to August 2022.

“However, there is still a large gap with pre-crisis levels: an EU-wide decline of 17 percent compared with August 2019,” consultancy EY said. However, Acea said otherwise weaker August figures showed the EU market had recovered from last year’s material shortage.

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The petrol engine remained the most popular vehicle last month, although the share of new registrations in the EU fell to just under 33 per cent from just under 39 per cent in the previous year. The second most preferred choice by buyers in August was hybrid vehicles, which made up 24 percent of the market.

For the second time since June this year, cars with fully electric drive took third place in the rankings, ahead of diesel cars: e-cars had a market share of 21 percent (165,165 units sold), while diesel vehicles had a market share of 12.5 percent. Plug-in hybrids constituted 7.4 percent.

“The electricity boom across Europe is likely to peak in August,” said EY’s Constantin Gall. On the one hand, Germany will no longer be the engine of growth because commercial e-car purchases will no longer be subsidized this month. “On the other hand, we are seeing the first signs of waning momentum in some other countries,” Gall added. He assumes that there will be discussions about new purchasing incentives, especially in Germany.

(AFP)

Source: Blick

Ella

I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.