Electric car sales set a new market share record in the European Union in 2022, industry figures showed yesterday, as the region seeks to ditch fossil fuel cars.
Battery electric cars accounted for 12.1 percent of new car sales, compared with 9.1 percent in 2021 and 1.9 percent in 2019, according to the European Automobile Manufacturers Association (ACEA). ).
The EU has agreed to ban sales of new gasoline and diesel cars from 2035 as part of the 27-nation bloc’s effort to build a carbon-neutral economy by 2050.
Electric vehicle sales increased 28 percent last year, with more than 1.1 million vehicles sold.
These increases were especially driven by the German market, where sales accelerated at the end of the year, just before a drop in purchase premiums.
In Norway, a record four out of five new cars (79 percent) sold last year were electric, in a major oil-producing country that aims to end the sale of new fossil-fuel cars by 2025, a decade before the EU ban.
The Italian market was the only one that put the brakes on the electric motor in 2022, with a drop in sales of 26.9 percent.
It was also a strong year for hybrid cars, which achieved a market share of 22.6 percent.
Traditional petrol and diesel cars continued to lose ground, despite still accounting for more than half of EU car sales in 2022 at 52.8 per cent.
The diesel, hit by heavy sanctions and an increasingly reduced offer in the ranges of manufacturers, continues its decline, falling almost 20 percent with 1.5 million vehicles sold.
European automakers are investing 250 billion euros ($272 billion) in their electrification, said Luca de Meo, president of ACEA and chief executive of French automaker Renault.
“The auto industry is moving fast,” he said on January 31.
But De Meo said Europe needs more public charging stations, with installations limited to 2,000 a week in the EU, while 14,000 a week are needed to ensure the continent’s transition.
“Despite many recent announcements and advances, infrastructure development is lagging behind industry efforts,” De Meo said.