- Europe’s electric car market is overtaking China
- Germany, France and the UK drive Europe’s sales
- Tesla hardly plays a role for Europe’s rising sales
- German manufacturers drive Europe’s E-Auto / PHEV sales with the most
With the race to comply with European CO2 regulations – arguably the most important driver for the approval of electric cars and plug-in hybrids – Europe’s electric car market can set itself apart from China. For the first time, Europe‘s electric car market reached a new high in registrations of over 100.000 units in a month; mind you in a combination of purely electric and partially electric new registrations of passenger cars.
This is amazing insofar as Europe in the first seven months of 2020 a total of 499.532 vehicles with a plug. Divided into 268.802 purely electric cars and 230.730 plug-in hybrids; the biggest surge in new registrations (~ 20 percent) took place in July 2020 alone. An announcement! If we look at July in detail, it turns out that 53.084 electric cars and 57.900 part-time electric vehicles were approved. With the more PHEV registrations, electric vehicles and part-time electric vehicles are also getting closer in terms of the total number of registrations.
Europe‘s electric car market is overtaking China
Because a total of 499.There are 532 vehicles with plugs in Europe and 486 in China.000 vehicles opposite. There, the registration numbers consist of 108.000 plug-in hybrids – significantly fewer than in Europe – and 378.000 pure electric cars together. It is recognized on the basis of the mere numbers that E-cars in China learn more about subsidies, tax releases and other promotions. To classify the development on the Chinese market, we lost a few words in our article “NEV sales figures in China are stabilizing” in mid-August 2020. Brief introduction in advance: “New Energy Vehicles” (NEV) are pure electric cars and plug-in hybrids.
Despite the fact that China is now slightly behind Europe in terms of approvals, the market is of great importance. Auto professor Ferdinand DudenhOffer also believes that the automotive future will develop in the Middle Kingdom. If only because of the enormous size of the market. To classify the growth so far: In 2010, only about 17.000 electric cars on the road. By 2019, that number had grown to a total of 7.2 million, 47 percent of them in China. According to data provider Qichacha, China has 47 in 2019.000 newly established companies related to new energy roles.
In the future, however, more and more Chinese electric car start-ups are likely to push their way to Europe. NIO, Xpeng Motors, World Champion as well as Geely – with its brands Polestar and Volvo – are traded as favorites. Furthermore, these companies have already been able to prove on their home market that their own e-cars definitely find their customers. Number increasing mind you. It can be said that both Europe and China are on the right track in terms of e-car sales; Europe is even likely to break the one million vehicle mark for registrations in 2020.
Germany, France and the UK drive Europe’s sales
With the introductory phase of CO2 fleet values in 2020 as the main driver, the European market remains on a growth course. Driven by just these CO2 fleet values, which manufacturers have fulfilled Matthias Schmidt, automotive analyst, already in the past that the car manufacturers 2020 reach their CO2 goals. It can be said that France, Germany and Norway continue to dominate the electric car market. Norway has meanwhile lost third place in the ranking to Great Britain.
The automotive analyst assumes that these three markets will massively determine and drive e-car sales in 2020 and thus take over the role of the former e-car market leader Norway. All three countries together account for 57.7 percent of the European electric car market. Or expressed in absolute numbers, 155.164 of the 268.802 registered electric cars/ from Germany, France and Great Britain. In July, the three largest electric passenger car markets Germany, France and the United Kingdom were again responsible for the majority of registrations. An announcement.
A number of important adjustments for both private purchase and tax incentives for electric cars and plug-in hybrids will help to achieve the CO2 conformity targets this year. As well as sales in the three main markets will continue to grow. Furthermore, appropriate leasing deals in the market also play an important role for the second half of the year. Because these should also contribute a part for sales growth.
In particular, markets with generous buying subsidization benefit from corresponding deals. Because a large part of the depreciation of a vehicle, interest and associated risks over a fixed term are covered by the subsidies. What leads to interesting leasing transactions, especially for e-cars of the entry-level class.
Tesla hardly plays a role for Europe’s rising sales
More significant is that this record sales in Europe has been reached without the typical Tesla tailwind. Because the American automaker “shone” in July 2020 with the lowest European monthly volume for a half for a half. In the seventh month of the year, Tesla had just 913 vehicles sold on the market. In the same period of the previous year, 4.354 vehicles sold in Europe.
In addition, the rolling registration numbers over the period of the past 12 months fell below 100 for the first time.000 units dropped – since November 2019. This meant that Mercedes-Benz by the end of July 2020 – in total (37.801 units) from PHEV (24.236 units) and electric cars (13.565 units) – more vehicles than Tesla (37.565 units) could sell. However, one should not ignore the fact that plug-in hybrids in particular were responsible for the increase in sales at Mercedes-Benz. Most Stromer also come with 9.016 vehicles from the soon to be purely electric car brand smart.
End of the third quarter could turn this relationship again. Because then for Tesla is the next quarterly final sprint. Already in the second quarter, Tesla was able to convince with considerable production and production figures. Also, the view into the financial key figures did not disappoint. With the production manufactured in China and the popularity of own vehicles in the local market, a significant increase in sales should be expected.
German manufacturers drive Europe‘s E-Auto / PHEV sales with the most
The upswing in the second half of the year will be driven mainly by German manufacturers who have taken the reaching of the conformity objectives late in the eye. The French manufacturers, on the other hand, have already taken to achieve their own CO2 goals month for month at the beginning of the year. We have already reported on the importance of the paragraph of Mercedes-Benz in the previous paragraph. But also VW will be with the starting sale of the ID.3 Pause an important role for the year-end spurt.
“The ID.3 is a unique project in our group, “said VW CEO Herbert’s recently recently to understand. Furthermore, he confirms his statement again that the ID.3 the company is fundamentally changing. The VW ID.3 can be done slowly but certainly his way to the street. Initially only to journalists and dealers, then but also to private customers. This will continue the entry into the mass market for VW, which will also have a positive impact on the European electric car paragraph.
In addition to VWS Meb Stromberers, however, partial circuits play an increasingly important role in Europe. This can be seen from the fact that Fiat Chrysler Automobile (FCA) brings with its brand Jeep First Phev on the street. Alone in July, the brand was able to discontinue 400 units. These consisted of compass and renegade models together.
Personally, I hope that this glance or outlook at the European electric car market has shown you where we are at the moment and how things may continue in the coming months and years.
You are also welcome to e-mail me with questions about e-mobility that concern you in everyday life. The answer to this may also be of interest to other listeners of the podcast. As always, about criticism, comments and Co. I’m happy of course. So feel free to contact us, also for the topic suggestions already mentioned. And of course I’m also very happy about a positive rating from the podcast provider of your choice! thank you.
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