Analyst: Europe met expectations for EV sales in 2020

Analyst: Europe met expectations for EV sales in 2020-europe

At the end of 2020, a final spurt in terms of electric car and plug-in hybrid sales was to be expected. But how it came about was not foreseeable. A very special kind of approval offensive has led to the fact that in 2020 727.927 electric cars and 606.466 plug-in hybrids were registered in Europe. Both important pillars for the automotive industry to achieve the imposed CO2 fleet targets.

Significant here is the fact that every eighth (12.4 percent market share) car on Europe‘s roads was either a PHEV or a purely electric vehicle. This, coupled with the fact that last year saw the lowest car market sales since 1985 due to Covid-19, resulted in BMW, PSA, Renault and Daimler hitting their CO2 targets. According to the Volkswagen Group, the Wolfsburg-based German manufacturer missed its CO2 target by 0.5g/km. At the end of December, the prospect of missing the CO2 targets was higher, at that time there was talk of 1g/km.

Certainly the result at VW would have been even better if the ID.3, VW’s first Stromer based on the modular electric drive matrix (MEB) would have come onto the market earlier. It was only introduced in September in 2020 at 56.500 customers handed over. In total, VW passenger cars were able to drive around 212.000 electrified Volkswagens handed over to customers, around 134 of them.000 electric cars.

If you look at December 2020 alone, it shows that every fourth car registration showed some form of electrification. For 2021, according to automobile analyst Matthias Schmidt from Berlin, it can be assumed that the market will develop as dynamically as in the previous year. Albeit at a slightly reduced growth rate. The manufacturer’s entire fleet will be counted towards the fleet average in 2021 and the value of the super credits on offer will be reduced (if manufacturers have any left of their capped 7.5g/km amount spread over three years). To explain: Vehicles that emit less than 50g CO2 per kilometer are affected by the super credits, for example, will be counted twice for fleet consumption in 2020, 1.66 times in 2021 and 1.33 times in 2022 – limited to 7.5g /km. After that, you won’t get any more super credits.

Schmidt describes 2021 as a gala event for e-mobility, after which 2021 was the “press preview” of what seems possible in terms of e-drive. The analyst also assumes that the share of e-vehicles will increase to 8.5 percent of the market penetration. This equates to 1.045 million units in a recovering Western European total passenger car market of 12.3 million units. Then there are PHEVs, which will play a key role in helping to ensure compliance, especially for premium manufacturers. Thus, according to his analysis, the PHEV market is expected to account for 15.5 percent of the market in 2021, which corresponds to 1.907 million units.

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1 thought on “Analyst: Europe met expectations for EV sales in 2020”

  1. I don’t know why the PHEV’s are always captivated. Only manufacturers who can’t do BEVs do that. Adding a few power windows doesn’t make a mild hybrid. For me, PHEV stands for Pre-Historic Electrified Vehicle.

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