Categories: Environment

The share of electric cars is decreasing in Europe, but…

Despite a slight decline since the start of the school year, the share of electric car sales has increased substantially over a full year.

The latest data from the European automotive sector reveals a rather astonishing decline in the share of electric vehicle sales in October, with a market share of “only” 14.2%. This data obviously contrasts with the peak of 21% reached in August 2023. However, comparing with last year’s figures, the share of electric cars is increasing.

By the end of 2022, electric vehicles accounted for 12% of total sales in the European Union. Despite the decline in October, they managed to overtake diesel for the first time in the first ten months of the year, with a market share of 14%. Petrol models retain first place with 33.4% of sales, followed closely by hybrids at 29%.

Soon back to pre-crisis level?

Overall, the European automotive market continues to show signs of recovery, with a 14.6% increase in new passenger car registrations in October compared to the previous year. Over the first ten months of the year, growth amounted to 16.7%, totaling nearly nine million units.

However, these figures remain below pre-pandemic levels, marked by disruptions in supply chains, notably due to the famous semiconductor crisis.

This ten-month recovery is largely attributed to large European markets such as Germany, France, Italy and Spain, which recorded increases of 13.5%, 16.5%, 20.4% respectively 18.5%.

How are the main groups doing?

The Volkswagen group maintains its dominant position on the European market, with a market share of 26.1% over the first ten months of the year. The growth in registrations, up 20.5% compared to 2022, is supported by the good performances of Skoda and Audi. This generally contrasts with the group’s sales of electric cars which are in free fall, as we discussed on Auto Plus a few days ago.

For its part, Stellantis experienced a slight decline, losing almost two points of market share to reach 18.4%. The growth in its registrations, although positive at 6%, is below the general trend. The Renault group continues its rebound with a market share of 10.9% and growth of 21.2% compared to the previous year. This success is largely attributed to Dacia.

Read also :
Chinese electric cars: the radical method found by Europe to prevent the “invasion”
Europe wants to put obstacles in the way of Chinese electric cars
According to Volkswagen, China is “two to three years ahead” in terms of electric cars

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