Europe Gets More Electric
BEV sales there surpass diesel’s share year-to-date for the first time.
Increased momentum toward electrified adoption continued to outpace the phenomenon in the U.S., where EV sales hit a record 8% in the third quarter.
IMAGE: Pexels/Ashley Fontana
Vehicle sales surged in Europe in October for the 15 straight month of gains, as battery-electric models surged, passing diesel’s share year-to-date for the first time.
New registrations rose about 15% to more than 855,000 units, according to the European Automobile Manufacturers’ Association.
Battery-electric registrations jumped 36% to nearly 122,000 units and reached a 14% market share for the year so far, while hybrids rose about 39% for a nearly 29% market share. Diesel’s share fell to 12%, and gas shrank to 33%.
Several countries’ increased BEV adoption led to the substantial gains. Belgium and Denmark both saw triple-digit increases in their battery-electric registrations for the month.
The increased momentum toward electrified adoption continued to outpace the phenomenon in the U.S., where EV sales hit a record 8% in the third quarter, up from 6% year-over-year.
Originally posted on Auto Dealer Today
More Industry
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →