The declining share of electric cars on the European market

Although the market grew substantially over the first ten months of the year, totaling nearly nine million units, it is still far from the volumes recorded before Covid-19.

All-electric isn’t happening right away. 100% electric vehicles confirmed their decline in October, reaching 14.2% of the European market, according to sector statistics published on Tuesday. Electrics, which represented 12% of sales in the European Union at the end of 2022, had reached 21% market share in August 2023, before dropping off in September.

Over the first ten months of the year, however, with 14% of sales, electric vehicles exceeded the diesel(12%). Gasoline cars remain in the lead with 33.4% of sales, ahead of hybrids (29%). All energies combined, the European market continued its recovery with 855,484 new penger cars registered in EU countries, an increase of 14.6% over one year, said the ociation of European Automobile Manufacturers (ACEA) in a press release.

Read alsoCarlos Tavares: “With the electric car, Europe has rolled out the red carpet for Chinese manufacturers”

Volkswagen, number one in electric vehicles in Europe

Over the first ten months of the year, the market grew substantially (16.7%), totaling nearly nine million units. But it is still far from the volumes recorded before Covid-19 which disrupted the supply chainsnotably electronic chips. This ten-month trend was driven by the largest national markets, such as Germany (+13.5%), France (+16.5%), Italy (+20.4%) and Spain (+18.5%).

The German group Volkswagen consolidated its first European position over the same period, at 26.1% market share, seeing its registrations rebound by 20.5% compared to the first ten months of 2022, thanks in particular to the Skoda and Audi whose sales increased by a quarter. At the same time, its Franco-Italian-American rival Stellantis lost almost two points of market share to 18.4%, the growth in its registrations (+6%) being lower than the general trend. Two brands even moved into the red, Fiat (-1.8%) and Citroën (-1.5%). The Renault group also continues its rebound (10.9%, or +21.2% over one year), in particular thanks to its economical brand Dacia.

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