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Reading: Almost 50% of new passenger cars are electric in the EU, ACEA reveals
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EV-a2z > News > Almost 50% of new passenger cars are electric in the EU, ACEA reveals
News

Almost 50% of new passenger cars are electric in the EU, ACEA reveals

EV-a2zm
Last updated: 2023/12/22 at 4:23 PM
EV-a2zm Published December 22, 2023 3 Min Read
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Electric car sales accounted for nearly half of all new passenger car registrations in the European Union from January to November period, Reuters reports, citing the ACEA’s latest data.

Contents
Electric cars growthCall for a “robust” industrial strategy

This notable growth in electric car registrations aligns with the EU’s overall car registration increase of 6.7% last month, marking its 16th month of growth in a row.

The EU car market continues its journey in the fast lane as it records its sixteenth consecutive month of growth! 📈

🚗💨 Year-to-date car sales soared by 15.7%, totalling nearly 10 million units.

⚡🔋 In November, battery-electric car sales surged by 16.4%, with a year-to-date… pic.twitter.com/GWPd68j4a1

— ACEA (@ACEA_auto) December 20, 2023

Electric cars growth

As per the data released on Wednesday, battery-electric vehicle (BEV) registrations surged 16.4% year-on-year to 144,378 units. It is indeed remarkable, considering its sales decline in Europe’s largest EV market (Germany) by 22.5% to 44,942 vehicles.

As expected, hybrid electric vehicles (HEVs) continue to lead the electrified market with a 28.7% YoY growth owing to their popularity in three leading markets: Germany (+38.4%), France (+35.8%), and Italy (+30.2%).

On the other hand, plug-in hybrid electric vehicle (PHEV) registrations suffered a notable drop of 22.1% to 72,002 units in November. 

Petrol-powered cars only reported a 4.2% growth, while diesel cars declined by 10.3%.

Presented below are the market share of cars per power source in the EU:

PowertrainShare
Petrol32.7%
HEV27.4%
BEV16.3%
Diesel12.2%
PHEV8.1%
Other3.3%

As you can observe, electrified vehicles, including BEVs, PHEVs, and HEVs, reached a total market share of 51.8%.

REPORT:
🇪🇺🇪🇺
Nearly half of new passenger cars in EU electrified

– Sales of electric cars in the EU were almost half of all new passenger car registrations between January and November 2023 and already crossed the halfway mark in the month of November alone.

– EVs – either… pic.twitter.com/fZAMiNMREr

— Tesla Vidas 🌍 (@VidasL) December 20, 2023

Call for a “robust” industrial strategy

Despite the notable increase in electrified vehicles in the EU, the ACEA warned earlier this month that the region may lag behind without a robust industrial strategy.

Is the EU electric vehicle industry at risk of falling behind other global competitors?

A new report by @Polytechnique finds that the lack of a robust EU industrial strategy puts the region on the back pedal in its efforts to shore up domestic electric vehicle (EV)… pic.twitter.com/KYYOUDb77v

— ACEA (@ACEA_auto) December 14, 2023

ACEA’s concern is based on a new report by France’s Ecole Polytechnique University that underlined the effectiveness of the US electric vehicle incentives under the Inflation Reduction Act. It also indicated China’s strong and reliable EV supply chain. 

On the other hand, Europe such kind of policies to improve its electric vehicle supply chain and incentives to encourage people to join the shift. 

“Unlike China and the US, the EU lacks a robust industrial strategy to shore up electric vehicle manufacturing.”

Sigrid De Vries, ACEA Director General

EU #ElectricVehicles industry risks losing ground without a robust EU industrial strategy. #China ’s strategic policy encompassing mining, refining, manufacturing, charging networks, etc which has significantly bolstered its competitive edge https://t.co/gV5qr9Mdl1 #EUGreenDeal

— Alexander von Witzleben (@AlexWitzleben) December 14, 2023

Therefore, the report called for the EU to launch its own industrial strategy to avoid losing against China and the US in electric vehicle production. Such a strategy is indeed crucial for the region to boost its electric vehicle adoption further. It can also significantly strengthen its EV manufacturing industry.

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TAGGED: Electric Vehicle, EU, Europe, EV
EV-a2zm December 22, 2023 December 22, 2023
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