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  3. The market share of electric cars in the EU grew to 6.8 per cent

The market share of electric cars in the EU grew to 6.8 per cent



Renault ZOE

The European Automobile Manufacturers Association (ACEA) is noticing a shift in registrations in favour of electric cars for the first quarter of 2020.

New registrations of cars with combustion engines shifted the share in favour of electric cars in the EU in the first quarter. Between January and March, the market share of cars with electric engines in the EU grew to 6.8 per cent, as the European Automobile Manufacturers Association declared on Tuesday in Brussels.

In the same period last year, the percentage was 2.5 per cent. Combustion engine-powered cars are more affected by the COVID 19 pandemic restrictions than those with electric drives.

Renault ZOE

Since mid-February, buyers of electric cars in Germany have been receiving an enlarged premium, which is financed by the federal government and the auto industry. The delivery time for some electric cars is also longer than for those with a combustion engine, which is why the crisis may not yet have had such an impact on these models.

From this year, stricter limits for CO 2 emissions will apply in the EU. If manufacturers fail to meet the requirements, expensive fines could result. Therefore, the carmakers want to increase the proportion of low-emission cars.

While new registrations for battery-electric cars increased significantly in the EU in the first three months of the year and, when combined, doubled to a good 167,000 vehicles, the number of registrations for cars with petrol and diesel engines descended rapidly.

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Renault ZOE

Still, a tie in sales is not anticipated before 2030.

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By Electric Hunter, 13 May, 2020

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