EVs overtake conventional car sales in September 2020 across Europe

EVs overtake conventional car sales in September 2020 across Europe

Demand for petrol and diesel-powered cars suffered double-digit percentage drop in September 2020, allowing environment-friendly EVs to overtake the conventional cars across Europe, fresh data published by JATO Dynamics revealed.

JATO, an Uxbridge, London-headquartered global supplier of automotive business intelligence, hybrids, plug-in hybrids and electric cars accounted for 25 per cent of new-car registrations across Europe during the month of September. It was only the second time when electric vehicles accounted for more than a fifth of total number of new-car registrations.

Registrations of diesel cars were recorded at 24.8 per cent of the total for the month of September. The figure represents a significant decline from 50 per cent a decade ago.

Overall new-car registrations in Europe showed a small growth of 1.2 per cent in the month under review, while registrations of gasoline and diesel cars suffered double-digit declines from the corresponding month of 2019. On the other hand, registrations of e-vehicles enjoyed a jump of 139 per cent year-to-year, with a total of 327,800 e-cars registered.

Hybrids and plug-in hybrids represented 53 per cent of the total registrations, with volume growing 124 per cent from September 2019. For the year, advocacy group Transport & Environment has predicted EVs’ share of 10 per cent of European new-car sales for the year, up from 3 per cent in 2019.

Commenting on the data, JATO Dynamics’ global analyst Felipe Munoz said that the shift to electrification has finally started taking place and the people are now ready to adopt electric vehicles.

Speaking on the topic, Munoz said, “Although this is largely down to government policies and incentives, consumers are now ready to adopt these new technologies.”

Toyota led all other auto brands with the highest registrations of e-cars, mainly hybrids. The Volkswagen (VW) Group also posted strong EV sales, with registrations of 40,300 electrified models during the month of September. The figure placed VW at second position, just behind the Japanese auto brand.

Sales of e-cars have apparently been boosted by the European Union’s stricter emissions standards that went into effect on 1st January 2020, which left various automakers to scramble to fill their showrooms with e-cars or purchase emissions credits from EV makers like Tesla Motors.

However, researchers underlined that the European economy could become a hurdle to further growth as only rich countries like Germany are in a position to wield incentives and infrastructure programs to boost EV sales. Poorer countries keep lagging far behind in EV adoption.