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Electric cars: the first drop in sales in Europe since 2020 Auto Plus news in your smartphone Auto Plus news in your inbox

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Electric cars: the first drop in sales in Europe since 2020 Auto Plus news in your smartphone Auto Plus news in your inbox

Although new car sales have grown significantly over the years, the Covid-19 crisis has changed everything. Thus, due to the restrictions, as well as the closure of factories and dealerships, the number of registrations has fallen sharply worldwide. But although the health care crisis is far behind, the situation is starting to improve again, and sales are starting to slowly grow again. This is especially true electric models, and their market share exceeded the 20% mark. And for a reason, the offer continues to expand over the years, and prices also fall thanks to the appearance on the market of cheaper models.

A slight decline

In addition, customers can also benefit from attractive financial assistance, particularly in France with an environmental bonus, among others. Yes, but is that enough? Well, not necessarily. Indeed, for the first time since 2020, sales of electric vehicles fell slightly. In any case, this is data from ACEA, the Association of European Automobile Manufacturers, which indicates a drop of 16.9% in December 2023. A brutal drop, and the first of the pandemic of 2020. So this 160,700 zero-emission cars which were spent during this period.

Global decline

But in reality, not all countries are in the same boat. And it is not for nothing that the biggest drop is observed in Germany, where sales of electric cars fell by 47%. In particular, the termination of assistance provided for the purchase of zero-emission cars. But in general, new car sales tend to decline regardless of their engine. In fact, the car market has decreased by about 3.3% compared to December 2022. It remains to be seen whether this decline will be permanent or if sales will pick up in the coming months.

Read also:
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Author: Marie Lizak
Source: Auto Plus

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