The electric market continues to grow in Europe

In May, the electric market increased compared to 2022, rising from 10% of sales last year to 13.8% this year.

According to figures published by the European Automobile Manufacturers’ Association (ACEA), electric car sales have significantly increased in one year. In March 2022, the sale of electric cars in Europe accounted for only 10% of total sales. This year, that figure has increased by 3 percentage points, reaching 13.8% of total sales.

Tesla: 2.6% market share

Elon Musk’s company has seen its sales increase considerably. The South African billionaire’s manufacturer’s market share has risen to 2.6% overall, across all energy types. In May, Tesla sold 21,927 vehicles. A number incomparable to last year, which was “only” 957. In total, in Europe, 129,847 electric vehicles were registered. Tesla accounts for 16.8% of electric vehicle sales in May.

A decline in sales for plug-in hybrid cars

Sales of plug-in hybrid vehicles decreased by 0.6%. One response to this decline: Germany has cut subsidies on this type of vehicle. At the same period last year, the hybrid plug-in market represented 8.8% of cars sold, compared to 7.4% last month.

Four countries experienced a clear increase in electric vehicle sales. Germany, with an increase of 54.5%. Italy and France, with increases of 27.2% and 22.1%, respectively. Finally, Spain with a positive change of 10.3%.

Also read: Electric vehicles: towards kilometer-based taxation?