2023-06-21 11:08:45
Sales of electric cars rose sharply in May and now represent 13.8% of European sales, compared to less than 10% in May 2022.
Sales of electric cars marked a marked increase in May and now represent 13.8% of European sales, against less than 10% in May 2022, according to figures published on Wednesday by the Association of European Manufacturers (ACEA). Sales of electric vehicles have notably exploded in the Netherlands, Sweden, France and Germany, and the American Tesla now represents 2.6% of market share. While the EU validated at the end of March the end of the sale of cars with thermal engines in 2035, gasoline cars are declining, however remaining in the majority among new registrations (36.5%). Hybrids are in second place and now represent 25% of sales (+1.8 points over one year).
Sales of rechargeable hybrids (which can be plugged into a socket or terminal) continue to decline (-0.6%), penalized by Germany, which has cut subsidies on this type of engine. More broadly, new car registrations in Europe recorded a tenth consecutive month of growth in May, at +18.5%, but still remain nearly a quarter lower than before the health crisis. Nearly one million new passenger cars were put on the roads of European Union countries last month.
Read alsoCitroën overtakes Renault and Volkswagen to manufacture the first electric car in Europe for less than 25,000 euros
Volkswagen rules the European market
The European automotive market has started to grow sustainably again since August 2022, when the Covid-19 crisis, combined with a shortage of parts including crucial electronic components, had dealt it a severe blow. During the first five months of 2023, the market grew by 18%, driven in particular by the catch-up of Spain (+26.9%) and Italy (+26.1%). Since the beginning of the year, Volkswagen has largely consolidated its position as Europe’s biggest car seller, ruling over 26.1% of the market (+1.2 points in one year) with more than 1.1 million cars sold, helped by the dynamism of its Czech brand Skoda and the Spanish sports car Cupra. The German giant is followed by the Franco-Italian-American Stellantis (18.9% of the market, down 1.7 points over one year), whose Alfa Romeo brand jumped 133.8% over one year thanks to new SUVs. The French Renault reached 11% of the European market (+1 point in one year), helped by the dynamism of Dacia low-cost cars whose volumes grew by 42.9% over the first five months of the year. Hyundai-Kia and Toyota saw their progress slowed down to 8.8% and 6.9% market share.
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