Electrified cars already represent one third of new car market in Europe

In Belgium and Europe, the sales of electrified cars represented almost one-third of total sales for the second quarter of 2022. The European association of car manufacturers has just published the Q2 results.

The electrified models continue their growth path in a general car market that is still regressing compared to last year due to semiconductor and other parts shortages, not forgetting the Ukrainian conflict.

Europe

In Europe, fully electric cars represented one-tenth (9,9%) of the entire new car market in Q2 of 2022, with registrations growing by 11,1% to 233 413 BEVs.

On the other hand, plug-in hybrid cars or PHEVS expanded their market share (8,7%) despite a sales drop to 206 501 units (-12,5%). Hybrid electric vehicles or HEVs also had slightly lower sales (-2,2%, 534 754 cars in total) but increased their market share to 22,6%.

Due to the dramatic increase in gas prices, the market for natural gas vehicles plunged by 62,9% to 4 983 units sold. By contrast, LPG-fueled cars saw an increase in sales (+7,9%) up to 64 152 units in Q2. This was mainly due to solid gains in Spain (+57,6%), France (+21,9%), and Germany (+10,3%).

All this means that gasoline and diesel cars lost significant market share in the EU, down from 62,0% in Q2 last year to 55,8% for Q2 this year. However, gasoline cars now still account for 38,5% of the market (-3%), while diesel fell back to 17,3% of the total market (-2,9%).

BEVs are increasing the most

When we take a look at the specific countries, we see that the steepest increases for battery electric vehicles occur in member states that had a lag in electrified sales, like Bulgaria (+180,4%) and Cyprus (+395,5%), or Romania (+412,4%). Then, of course, the numbers remain modest in absolute figures, but finally, these markets start to react.

In its statistics, ACEA also makes a difference between the earlier members of the European Union (EU14) and the newer ones (EU12). However, the difference between the two is still huge: 224 039 BEVs have been sold in the EU14 (+9,2%) and only 9 374 in the EU12, but the last figure represents 89,6% increase.

A quick look at the figures in the UK shows that BEVs still increased by 21,3% in total sales (51 084), PHEVS lost 31,9% (21 502 in total), and HEVs regressed by 12,5% to 116 186 units. This is because there are almost no gas-powered cars sold in the UK.

In Norway, the market is still primarily dominated by electrified cars, but the sales regressed slightly to significantly. BEV sales slowed down by 5,3% in Q2, PHEV sales by a whopping 62,8%, and HEVS regressed by 39,5%.

Belgium

In Belgium, 31,6% of all newly registered cars are already electrified when we look at the figures for the first half year. There are two characteristics of the market which play a significant role here: almost 62% of the newly sold cars are company cars, and for every new vehicle sold, there are also 1,18 second-hand units sold.

When we look at the ‘fuel type’ used, gasoline still represents 49,6% in total (-2,4%), diesel 18% (-5,7%), BEVs 8,8% (+ 2,9%), PHEVs 15,4% (+2,9%) and HEVs 7,4% (+2,9%). There’s a big difference between individual buyers and company buyers.

Tax incentives

Seven of ten individual buyers are still looking for gasoline cars; 10% are still searching for a diesel. Electrified vehicles are still marginal here, with 3,3% for BEVs, 3,7% for PHEVs, and 11% for HEVs.

This is entirely different in the world of company cars: only 37% are going for gasoline, and 22,7% still believe in diesel. The same amount (22,6%) already goes for PHEVs, while 12,2% choose BEVs and 5,2% HEVs.

The tax incentives on electrified cars (BEVs and PHEVs)  play a significant role here, as well as the perspective that all company cars have to be electric as of 2026.

 

 

 

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