The market share of electric cars exceeded 20% in Europe for the first time in August, according to figures from the manufacturers’ association (ACEA), according to which the total market experienced its thirteenth consecutive month of increase. Last month, 787,626 units were sold in the European Union, a year-on-year increase of 21%. The increase is clear in the three largest markets: +37.3% in Germany, +24.3% in France and +11.9% in Italy.
“The European market is recovering from last year’s component shortages,” ACEA explains in a press release.
With sales growth of 118.1% in one year, up to 165,165 units, which represents 21% of new car registrations, electric models have surpassed diesel models for the second time after last June.
Gasoline engines continue to lead with a third of the market
On the engine side, gasoline continues to lead with almost 33% of the market, less than in August 2021 (39%). Hybrid cars occupy second position (24%), ahead of electric cars with 21%.
Diesel now represents only 12.5% of the European market (16% in August 2021), while around 7% of sales were plug-in hybrid models, down from 8.5% a year earlier. In the first eight months of the year, the increase is 17.9%, with 7.1 million cars sold, remaining below the 9 million in 2019, before the Covid-19 pandemic.
Between brands and manufacturers, the Volkswagen group continues to be the market leader with 27% of sales (209,500 units) in August, ahead of the Stellantis group (17%). Renault is in third place, with 9.5%. Tesla saw the largest growth in August: +247% to 27,300 vehicles. This same month, the Californian manufacturer especially surpassed the Fiat, Citroën, Seat, Cupra and Ford brands.
Source: BFM TV
