BEVs nearly double market share in EU during Q1
Fleet electrification continues to gather momentum in the European Union, with the market share of all-electric (BEVs) almost doubling in Q1 2022 and only declining in Italy.
The market share for BEVs rose from 5.7% in Q1 2021 to 10%, after sales volumes increased by 53.4% year-on-year to 224,145 units in the bloc. Romania saw the strongest growth in BEV sales at 408% and 2,108 new registrations.
Spanish BEV sales surged 110.3%, French 42.7% and German 29.3%. Italian sales of all-electric vehicles, however, were the only ones in the EU to decline (14.9%), the latest ACEA data shows.
Sales of hybrid electric vehicles (HEVs) rose 5.3% in the bloc to 563,030 units, while registration of the more sustainable plug-in hybrid electric vehicles (PHEVs) dropped 5.3% to 199,107 units. Despite this slip in sales volumes, the PHEV market share in the EU still rose from 8.2% to 8.9% in Q1 2022. That’s because sales of diesel and petrol declined in the Jan-March period, continuing to lose market share, Kallanish notes.
The overall European BEV market -- which includes EU countries, Iceland, Norway, Switzerland and the UK -- rose by 60.8% with 325,285 new registrations. Germany led the top-five largest markets in this group with 83,774 BEVs sold in the period, while Sweden recorded the biggest volume growth at 285.7%.
Country | Sales volume |
Annual growth |
Germany | 83,774 | 29.3% |
UK | 64,165 | 101.9% |
France | 43,510 | 42.7% |
Norway | 26,803 | 39.9% |
Sweden | 19,715 | 285.7% |
Source: ACEA
Registrations of diesel cars dropped 34.7% and petrol sales shrunk 23.1% in Europe in Q1 2022, reflecting the progress in fleet electrification and the ongoing challenges in the supply chain, particularly the shortage of semiconductors and other components.
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Anonymous
Very good overview of the weekly steel market.
Anonymous