EV sales growth stalls in Europe

admin admin | 07-19 16:30

Sales of battery electric vehicles ticked 1.6% higher, to 954,094 units, or 13.9% of the market.
Europe is supposed to switch to electric vehicles in a little over a decade, but sales growth of climate-friendly vehicles stalled in the first half of the year, according to data received on Thursday.

Instead, data from the European Automobile Manufacturers' Association (ACEA) showed that the modest 4.4% overall growth in the sales of new cars in Europe came primarily from hybrid vehicles.

Sales of hybrids, not including plug-in hybrids, rose by 21% to just over 2 million, or nearly 30% of the market.

Sales of battery electric vehicles ticked 1.6% higher, to 954,094 units, or 13.9% of the market.

Petrol vehicles remained the biggest segment with a market share of 35.2%, but sales dipped 1.5%. Sales of diesel vehicles fell by 7.9%.

Sales of vehicles using fuel cells, natural gas, liquefied petroleum gas, super-ethanol and other fuels bounded 6.9% higher.

European carmakers have committed to shifting production to battery electric vehicles but have recently appeared disappointed by the lack of sales growth despite introducing more models.

The stall in consumer uptake comes as government incentives to purchase electric vehicles have dropped in some countries and while there are still few models affordable to those on modest incomes.

The ACEA said that while overall sales in the European car market expanded modestly in the first half of the year to nearly 6.9 million vehicles, they remain considerably lower than pre-pandemic levels.

Some 8.7 million vehicles were sold in Europe in the first half of 2018.

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