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Twelve of its 13 markets experienced growth the uk was the only exception.
Europe car market share. Will we see europe s plugin vehicle pev market share end 2020 in double digits. Electrified cars gained market share. The average for the european. The two france headquartered automakers account for.
The average market share of new passenger plug in electric cars in europe more than doubled in h1 2020 to 7 8 from less than 3 in h1 2019. Europe probably will exceed 1 million sales of plug in hybrid and electric vehicles this year as tesla makes more cars available in the region and vw ramps up deliveries of its battery powered id3. That explains why used car pricing remains strong and continues to increase across. Overall results are similar to general plug in car sales but there are some surprises for example the netherlands went from the 4th highest bev phev market share 10 1 to 2nd highest bev.
The european new car market outperformed the global market in 2019 with suvs particularly popular. Automotive manufacturing is one of europe s most enduring industrial activities and it accounts for millions of jobs billions of euros in investment and represents a large portion of the continent s exports. In this post we will compare plug in market share in 28 countries the european union plus efta norway switzerland iceland and the uk using available registration data from the european automobile manufacturers association acea. The average market share of new passenger plug in electric cars in europe more than doubled in h1 2020 to 7 8 from.
German and french carmakers dominate second placed psa group has a strong presence in europe along with fellow french car manufacturer renault. The 7 9 market share more than doubles the 3 6 result of 2019 and gets mighty close to the disruptive 10 mark. Europe s used car market grew by 10 3 in august year on year indicata reports. Let s take a look at the progress of electrification in major european markets.
Demand for used cars outstrips supply. The market s healthy growth confirms a europe wide trend.
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