European EVs Surpass 25% of New Car Market in July

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โดย Business Today·EU·Read original
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Battery electric vehicle sales in Europe accounted for more than one in four new car registrations in July. Data from E-Mobility Europe, New Automotive, and Fier Automotive show that BEV registrations across 16 major European markets rose 13.6% year on year to 224,266 units, representing a 25.7% share of all new car registrations. The growth was supported by high fuel prices after the Iran war began in February, government subsidy measures, and the launch of more affordable EV models. France recorded 44,378 BEV registrations, a 35% share of its new car market, while Germany registered 78,609 units and a 29.3% share. France received a significant boost from the Social Leasing programme, a support measure for low-income EV buyers, which helped lift the electric share from 17% in July last year to 35% in July this year. The Nordic and Benelux markets remain the regions with the highest electric vehicle shares in Europe, with Denmark at 80.1%, followed by Finland at 52.6%, the Netherlands at 47.3%, Belgium at 42.8%, and Sweden at 42.6%. In the United Kingdom, more than 50% of Renault's July orders were electric vehicles, up from just 10% two years ago. The Renault 5 became the best-selling EV in Britain in July, and Renault plans to launch the electric Twingo later this year with a starting price below 20,000 pounds. In the first half of this year, EV sales in the European Union rose 40.5% year on year to more than 1.2 million units, accounting for 20.7% of total car sales. However, the European EV market still faces significant constraints, particularly an insufficient number of public charging stations for the many consumers living in apartments who cannot install home chargers. Analysts warn that if infrastructure problems are not addressed, EV sales growth could begin to slow in some areas. The situation in Europe contrasts with the United States, where the EV market is under pressure from the removal of the federal electric vehicle tax credit and a still-limited number of affordable models. Cox Automotive estimates that US EV sales this year could fall 23% from 2025, with a market share of just 6.2%.

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Renault SA
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Renault's EV orders in UK exceed 50% and Renault 5 is best-selling EV in Britain, indicating strong demand for its electric models.

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