The European car market as a whole is growing for the first time since June 2021, August is the first month to record an increase in the total number of sales of passenger cars. The electric vehicles recorded a 2% growth when compared to the same period of time last year.
There were over 159,000 electric cars registered in August across Europe, and the market share of EVs has grown to 21%. The battery-powered EV sales went up by 12% to 99,000 units and got a 13% share. In contrast, plug-in hybrids dropped 10% to 61,000 and now account for 8% of the total market.
The year so far has seen 1.4 million EVs registered in Europe, which is 20% of all car sales. Out of those, 870,000 vehicles were BEVs, and 580,000 were plug-in hybrids. The PHEVs are slowly losing market share to all-electric cars.
The Tesla Model Y was leading the sales but VW ID.4 is not far behind with Skoda Enyaq iV taking a close third place. Looking at the entire year so far, we can see that Tesla is far ahead of its competition, but it’s the Fiat 500e that is selling in high numbers and chasing Model 3 for second place.
Best selling electric cars and plug-in hybrids in August 2022 and 2022 year-to-date:
The takeaway from these results is rather positive, the sales of all-electric cars continue to increase and plug-in hybrids continue to decrease every month. The electric cars are slowly chipping away at the market share and the sales would have been much higher if not for the constant supply issues. The waiting time for electric cars around Europe varies from 4 weeks to up to a year showing unwavering support from customers. The orders keep coming in, and the manufacturers are struggling to keep up with them.
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