Market Share of Electric Vehicles has Doubled in Europe

The European Automobile Manufacturers’ Association (ACEA) said Friday that electric vehicles more than quadrupled their percentage of new car sales in Europe in the second quarter, with hybrids also seeing growth. 

 In the three months from April to June, all-electric vehicles accounted for 7.5 per cent of new automobile sales in Europe, compared to 3.5 per cent the previous year. In absolute terms, sales of battery electric vehicles in Europe more than tripled, reaching 210,298 vehicles. 

The ACEA reported significant gains in the region’s top four markets, with sales in Spain and Germany more than quadrupling. In the second quarter of 2021, plug-in hybrid electric vehicles (PHEVs) had an even better quarter, with registrations soaring by 255.8% to 235,730 units. Hybrid sales more than tripled to 541,162 vehicles, making them the most popular alternative-fuel vehicle. 

Meanwhile, despite the low number of vehicles sold in the second quarter of last year, when many European countries faced significant business limitations owing to the epidemic, registrations of new petrol and diesel vehicles grew. 

However, both gasoline and diesel witnessed significant declines in market share. Diesel’s market share fell from 29.4 percent to 20.4 per cent. Petrol had a greater drop, from 51.9 per cent to 41.8 per cent. 

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