Electric vehicles already account for 10% of sales and the road to electrification has no turning back

Electric vehicles (EVs) almost doubled their market share year-on-year. According to ACEA data they now represent 10% of all sales.

In this way, EVs even outperform plug-in hybrids, which represent 8.9% of the Community market. Thus, during the first quarter of 2022, sales of battery electric vehicles (VEB) in the EU shot up 53.4% with a total of 224,145 cars. And many EU markets posted triple-digit percentage increases with Romania leading the way (+408%) and Spain (+110.3%).

Decline in enrollments:

However, in global terms, the registrations of new passenger cars in the EU have decreased in the first four months of 2022 by 14.4% and 20.06% in the month of April, according to the data handled by the European Association of Automobile Manufacturers (ACEA). The association attributes these figures to problems in the supply chain as the main constraint on car production where Italy and France have obtained the worst results.

From January to April 2022, the 14.4% decrease places registrations in the EU at a total of 2,930,366 units. The large drop in the months of March and April has produced a drag effect on the accumulated data. In this sense, there are four EU countries marked by decreases; Italy, where the biggest drop was experienced (-26.5%), followed by France (-18.6%), Spain (-11.8%) and Germany (-9.0%).

Thus, the 684,506 units of vehicles sold last April are, with the exception of the year of the pandemic in 2020, the weakest result this month in terms of volumes sold since the beginning of the records.

Forecasts for 2022:

The forecast for 2022 is that the EU passenger car market will grow by only 1.6% year-on-year in 2022 to reach 9.94 million units. This is an improvement over 2021 below 2020. And it will also be 24.4% lower than the 2019 record.


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