Jato: EV sales in EU26 made up 10,4% while PHEVs lost ground

According to Jato Dynamic’s latest figures for car registrations in Europe, July 2022 was marked by new vehicle registrations continued to fall by 10 percent to 866 038 units. BEVs accounted for 10,4% of total registrations while PHEVs further lost ground, ‘no longer qualifying for a number of incentives across Europe.’

Year-to-date sales of new cars fell back by 13% compared to the same period last year, to the same levels as 2020, the start of the pandemic. “The impact of the chip shortage and current lack of consumer confidence is proving to be just as damaging to the market as the arrival of Covid-19,” says Felipe Munoz, Global Analyst at Jato Dynamics.

Going against the stream

Electrified cars are still going against the current, with 157 614 units sold in July, with 90 139 pure electric BEVs. The growth is slowed by 2%, triggered by the falling interest in plug-in hybrids in several countries, where less or no government incentives are offered for these types of vehicles.

BEVs are doing well in all 26 member states of the EU, showing an increase of 2,6% compared to July 2021, except for Italy, with a slight regress of -1,3%. BEVs caught a market share of 10,4% over the whole EU26 market, with Sweden (26,2%), the Netherlands (22,7%), and Danmark (19,4%) pushing the average upward.

Belgium 7,6%

To compare, BEVs scored in the EU’s biggest market, Germany at 13,9%, France at 11,8%, an increase of 69%, and Belgium at 7,6%, an increase of 2,5%. The latter is relatively high, as in Belgium, no direct EV subsidies are offered, except for a 100% tax deduction, contrary to its neighboring countries.

But a new law foresees all new company cars should be zero-emission from 2026 on, and companies and the leasing sector are taking a headstart as far as the supply of BEVs allows.

Norway (68,9%), not an EU member, still reigns as the country with the highest EV adoption rate but might reach a tipping point as the government rethinks its support program.

The Norwegian Road Administration “Statens Vegvesen” advised a few months ago to drop favorable measures like the use of bus and taxi lanes, increase the city tolls, a powerful motivator, from 50% to 70%, and finally level with conventional cars in 2025.

Chinese making progress in Europe

Another remarkable trend in the figures, says Jato, are the Chinese EVs making progress in Europe, “becoming a credible alternative for those looking for an affordable and appealing electric car.”

“China’s OEMs (including MG, excluding Geely Group) posted a 72% increase, with 3 501 electric cars registered during the month. MG led with almost 3 000 units, up by 56%, followed by BYD with 238 units. Almost half of the Chinese electric cars sold in July were registered in Sweden and Norway.”



Ready to join the conversation?

You must be an active subscriber to leave a comment.

Subscribe Today

You Might Also Like

%d bloggers like this: