Monday, November 27, 2023

In Q1, battery-powered electric vehicles nearly doubled their market share in the EU, according to the ACEA

Battery-powered electric cars (BEVs) quadrupled their market share in the European Union in the first quarter, according to industry figures released on Thursday, as the continent’s rollout of models accelerates.

According to figures from the European Carmaker Association (ACEA), BEVs accounted for 10% of total passenger car sales in the EU, exceeding plug-in hybrid electric cars’ 8.9% share.

In the January-March period, 224,145 BEVs were sold across the EU, up from 146,125 in the same period last year.

Hybrid electric vehicles now account for more than a quarter of the market, up from around a fifth last year. Cars powered by gasoline and diesel lost market share throughout the period but still accounted for 52.8 percent of the EU market.

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