Electric Vehicle Sales Grow Exponentially

Electric and plug-in hybrid cars made significant progress in the third quarter of 2022, reaching 13.5% of global sales.

Leading the way in battery and electric vehicle production, China has set a true commercial record this year, with sales increasing by +109%, a figure that is quite impressive. In Europe, the growth is however +5%, and reaches even +48% in the United States.

The threshold of 10 million electric and plug-in hybrid vehicles produced since the beginning of the year could therefore be reached, representing a +58% increase. Still at a global level.

Read our comparative review of Ford Kuga E85 Hybrid vs. Peugeot 3008 PHEV

In France, the automotive market is growing thanks to the performance of electric cars (+39% in the third quarter of 2022), notably due to the announced end of the famous €6,000 ecological bonus for models sold for less than €47,000. The increasingly criticized plug-in hybrid is feeling the impact, with a significant decline in sales during the same period (-13%), although it still allows avoiding the well-known Malus. The introduction of PHEV models offering better electric autonomy from next year could potentially change the situation.

A Difficult Goal to Achieve

However, despite this flattering appearance, the goal of reaching 2 million electric and plug-in hybrid vehicles in France by 2030 still seems hypothetical. An additional boost for the industry will be necessary to reach this ambitious figure, especially since the ecological bonus could cost up to 4 billion euros per year in 2030 and even 8 billion euros annually in 2035 if we aim to achieve the 100% electric car target by 2035 (source France Stratégie).

Source: The Automobile Journal

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