Home Latest News & Insights ELECTRIC MOBILITY LEADS THE WAY

ELECTRIC MOBILITY LEADS THE WAY

February 13, 2023
electric car

Electric mobility leads the way according to the latest data from European Automobile Manufacturers’ Association (ACEA).

The European Union (EU) saw a growth in the registration of new battery electric vehicles (BEVs) in 2022. This growth comes amid a decline in the overall car market.

The market share of BEVs reached 12.1%, a significant increase of 3 percentage points from 2021.

Hybrids also performed well in the EU car market, with a market share of 22.6%. However, traditional petrol and diesel vehicles saw a decline in their market share.

But petrol and diesel vehicles still acounted for more than half of the EU’s car sales in 2022.

This shift towards electric and hybrid vehicles highlights the increasing demand for more environmentally-friendly options.

The trend towards electrification will likely continue in the coming years, as governments and consumers alike prioritize reducing their carbon footprint.

Overall, the EU car market saw a significant change in fuel type preference in 2022. Electric and hybrid vehicles gained market share, and traditional petrol and diesel vehicles lost ground.