Europe’s EV Shift Gathers Pace as Petrol, Diesel Sales Slide
Three of the EU's four biggest EV markets recorded double-digit growth through August.
Sales of electric and hybrid vehicles in the European Union saw continued growth through August, contrasting with a sharp decline in petrol and diesel car sales. This transition to electric vehicles is occurring amidst significant global competition, particularly from China. Several major EU markets, including France, Germany, and Denmark, experienced robust growth in their electric car sales during this period.
- Electric and hybrid vehicle sales grew across the EU through August.
- Petrol and diesel car sales fell sharply due to higher energy prices and geopolitical uncertainty.
- Over 1.6 million new battery-electric vehicles were registered in the EU from January to August.
- Electric vehicles accounted for nearly 22% of the new-car market in the EU.
- The EV transition faces intensifying global competition, especially from Chinese automakers.
- France, Germany, and Denmark showed strong growth in electric car sales.
Write a comment