Economic Indicators

More than a fifth of cars sold in EU in August were full EVs – ACEA

2023.09.20 06:18


© Reuters. FILE PHOTO: A staff member poses with a charging plug for an e-Golf electric car, outside the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch

By Nick Carey

LONDON (Reuters) – Just over one in five new cars sold in the European Union in August was fully electric, as sales of zero-emission models more than doubled, data from the European Automobile Manufacturers Association (ACEA) showed on Wednesday.

Fully-electric models made up 21% of sales in the EU in August, the first time that they have made up more than one fifth of all sales, the ACEA said.

In the first eight months of 2023, nearly 1 million fully-electric cars were sold in the EU.

Overall, EU car sales were up 21% in August, which is typically a slower month for car sales, making it the thirteenth consecutive month of sales growth as the auto industry recovers from pandemic-related supply chain issues.

Fully-electric car sales more than doubled to 165,165 units for the month from August 2022.

Internal combustion models made up less than 50% of sales in August. Plug-in hybrids – consisting of both an engine and a chargeable battery – made up 7.4% of sales, while full hybrids – with a larger battery that is charged by the engine and not a plug – made up 23.9% of sales.

Diesel models accounted for just 12.5% of sales. Diesel vehicles comprised more than 50% of new car sales as recently as 2015.

Europe’s top car seller, Volkswagen (ETR:), posted a 21.2% increase in sales in August, the ACEA said. Stellantis (NYSE:) and Renault (EPA:) saw sales rise 6.4% and 22.3% respectively.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,885.46 0.08%
ethereum
Ethereum (ETH) $ 2,445.30 1.22%
tether
Tether (USDT) $ 1.00 0.12%
bnb
BNB (BNB) $ 560.34 0.17%
solana
Solana (SOL) $ 163.66 0.21%
usd-coin
USDC (USDC) $ 1.00 0.05%
xrp
XRP (XRP) $ 0.508461 0.43%
dogecoin
Dogecoin (DOGE) $ 0.169983 8.12%
staked-ether
Lido Staked Ether (STETH) $ 2,443.86 1.21%
tron
TRON (TRX) $ 0.161793 2.10%
cardano
Cardano (ADA) $ 0.33197 0.41%
the-open-network
Toncoin (TON) $ 4.60 4.89%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 4.75%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,892.78 1.01%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,851.45 0.01%
avalanche-2
Avalanche (AVAX) $ 23.42 1.00%
weth
WETH (WETH) $ 2,444.49 1.23%
bitcoin-cash
Bitcoin Cash (BCH) $ 339.62 0.08%
chainlink
Chainlink (LINK) $ 10.62 0.13%
leo-token
LEO Token (LEO) $ 6.08 1.44%
usds
USDS (USDS) $ 0.995688 0.16%
sui
Sui (SUI) $ 1.95 2.73%
polkadot
Polkadot (DOT) $ 3.85 1.13%
litecoin
Litecoin (LTC) $ 65.83 1.52%
near
NEAR Protocol (NEAR) $ 3.76 2.26%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,571.68 1.19%
aptos
Aptos (APT) $ 8.32 0.66%
uniswap
Uniswap (UNI) $ 7.06 1.72%
pepe
Pepe (PEPE) $ 0.000008 0.16%
internet-computer
Internet Computer (ICP) $ 7.19 0.84%
dai
Dai (DAI) $ 1.00 0.02%
bittensor
Bittensor (TAO) $ 432.65 0.90%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.19 4.10%
monero
Monero (XMR) $ 159.68 0.93%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
stellar
Stellar (XLM) $ 0.092329 0.53%
whitebit
WhiteBIT Coin (WBT) $ 18.95 0.15%
ethereum-classic
Ethereum Classic (ETC) $ 18.03 0.70%
kaspa
Kaspa (KAS) $ 0.105947 1.19%
first-digital-usd
First Digital USD (FDUSD) $ 0.999859 0.11%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.300463 0.68%
blockstack
Stacks (STX) $ 1.52 2.60%
okb
OKB (OKB) $ 37.53 0.47%
dogwifcoin
dogwifhat (WIF) $ 2.08 0.82%
filecoin
Filecoin (FIL) $ 3.34 1.48%
aave
Aave (AAVE) $ 131.25 0.32%
crypto-com-chain
Cronos (CRO) $ 0.072147 0.22%
arbitrum
Arbitrum (ARB) $ 0.48426 0.36%
mantle
Mantle (MNT) $ 0.56069 1.26%
immutable-x
Immutable (IMX) $ 1.08 0.24%