LONDON, Nov 21 (Reuters) - New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc. Sales of fully electric cars rose 36.3% from a year earlier and full hybrid sales were up nearly 39% as the EU recorded its 15th consecutive month of sales growth, the European Automobile Manufacturers Association (ACEA) said on Tuesday. The ACEA said fully electric cars made up 14.2% of sales in October, overtaking sales of diesel cars for the third time.

For the ten months through October, sales of fully electric cars were up 53.1%. Electrified vehicles - either fully electric models, plug-in hybrids or full hybrids - accounted for over 47% of all new passenger car registrations in the EU between January and October 2023, up from 42% in the same period last year, the ACEA said.

Submitter note: the article has a graph, but I think it is worth noting here that Jan-Oct BEV sales in 2022 were 10.7% of all cars, and in 2023 BEV sales accounted for 14.0% of all cars. Jan-Oct PHEV sales in 2022 were 8.8%, and in 2023 they were 7.6%. It is also worth noting that from 2022 to 2023 many manufactuers have seen decreased market share (Stellantis, Hyundai/KIA, Toyota, Mercedes, Ford) of anywhere from ~0.2 to ~1.8 percent while VW Group and Telsa have seen increased market share of about the same amount lost by Stellantis et al, with Tesla’s gains in market share being the most significant (from 1.0% to 2.5%).

  • SpeculawyerB
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    1 year ago

    But WSJ just can’t stop itself from writing stories about the death of EVs. 🤣