The Prestige Of Electric Cars In The EU Market Increases 57 Percent In Q3 2021

JAKARTA - The European Union (EU) car market has shifted to electric-powered vehicles and sales have continued to soar, while fossil fuel cars have fallen sharply.

This is because of a new rule that calls on the EU community to transition from gasoline and diesel powered vehicles to electric vehicles. In fact, in other European states, there are orders to eliminate all sales of non-electric vehicles.

Therefore, sales of electric vehicles are expected to increase significantly. This is also evidenced by sales data released by the European Automobile Manufacturers Association (ACEA), which represents major European car, truck, van and bus makers, that one in every five new vehicles sold across the EU during Q3 was electrified.

In addition, sales of electrified models have continued to increase as sales of cars running on fossil fuels have declined. Data from ACEA also shows that battery-powered electric vehicles and plug-in hybrid models account for about 19 percent of sales across the EU.

Quoting Slashgear, Monday, October 25, this figure represents an increase of about 57 percent for the quarter, with 212,000 units sold per battery electric vehicle. Those numbers look very similar when looking specifically at plug-in hybrid vehicles.

In that segment, sales were up 43 percent for Q3, to nearly 197,000 units. While a significant increase in sales for the third quarter was noted, the pace of growth was slower than in 2020.

It's no surprise that the pace of growth for pure battery-powered vehicles and plug-in hybrid vehicles has slowed during 2021, as the pandemic and chip shortages have had a significant impact on the segment.

Therefore, when sales of electric vehicles are compared to traditional cars, which have decreased by 35 percent, the increase in demand for electrification becomes even more pronounced.

Currently, the European Commission is eyeing a ban on all fossil-fuel vehicles, which will take effect in 2035. However, it appears that European consumers have embraced electric vehicles before the ban was enacted.