In the third quarter, the market share of electrically powered cars in the European Union tripled. This also has to do with the Corona crisis.
Dhe market share of electrically powered cars in the European Union more than tripled in the third quarter of this year compared to the previous year. As the European vehicle manufacturer association Acea has just announced, every tenth passenger car newly registered in the EU between July and September was either a purely electric car or a plug-in hybrid, the battery of which can be charged externally for the additional electric motor. According to Acea, the share was 3 percent in the same period of the previous year.
In an overall shrinking market, cars that burn gasoline or diesel are correspondingly less weighty. Nevertheless, these types of drive together still had a market share of around three quarters in the third quarter. Around half of the 2.8 million new vehicles had a gasoline engine, a good quarter had a diesel engine. The market share of battery-only vehicles and plug-in hybrids was around 5 percent each. Hybrid vehicles accounted for a little more than 12 percent of the market.
In total, the authorities in the EU registered around 274,000 new electrified cars in the third quarter alone. Between January and September, the electrified new registrations totaled a good 570,000 units. That was more than twice as many vehicles as in the same period of the previous year. In the course of the year up to and including September, electric cars had a market share of 4.1 percent, plug-in hybrids 3.9 percent.
According to Acea, the strong growth in the third quarter is mainly due to buying incentives from EU member states, which are intended to support the automotive industry during the Corona crisis and to a large extent benefit buyers of electric cars and plug-in hybrids. For example, the German federal government had raised the purchase premiums for electric cars as part of its Corona economic stimulus package. France had also introduced a purchase premium for electric cars.
The Bavarian Prime Minister Markus Söder (CSU) pleaded on Thursday to extend the German purchase premiums and, if possible, to increase them. “It is important that we keep the orders for a long time,” said Söder at the digital “Auto Summit” of the “Handelsblatt”. The manufacturers’ order books are currently well filled in the e and hybrid business, also benefiting from the increased incentives to buy in the summer. In view of the upheaval in the industry and the corona crisis, the aim must be to further stabilize the car sector.
With a view to alternative drives, according to Söder, the motto should now be: “Extend, expand and maybe set higher.” When asked, he named a period up to at least 2024 or 2025. In Germany, the electric car is financed with taxes and discounts from the manufacturer -Subsidy called “Umweltbonus” limited until the end of next year.