Home » European market at historic lows, but electric cars are booming

European market at historic lows, but electric cars are booming

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European market at historic lows, but electric cars are booming

Registrations of new cars in the Old Continent recorded a negative record in February: just 794,600 units. A figure that is 5.4% lower than the volume recorded in February last year, but also 25% lower than in the same month of 2020 and 30% lower than in February 2019.

Jato’s data indicates that last February was the worst February in the last 42 years.

Electricity sales + 77% and a record share of 11%

On the other hand, the demand for 100% electric cars increased by 77% in February to 87,400 units, for a market share of 11%. A percentage that grows to 19.5% by adding registrations of plug-in Hybrid cars. It should be noted that a year ago these cars represented 13.4% of total sales, while two years ago in February 2020 the market share was 6.3%.

Photo Tesla Model Y

Tesla in the lead thanks also to the new Model Y

Tesla confirms its leadership in the electric market with almost 15,800 units, up 188% compared to February 2021. This is a share of 18.1% compared to 11.1% the previous year which means that the latest Tesla for sale, the Model Y is already making a profit across Europe. In fact, together with the first Model 3, it conquers the second position in the ranking of the 10 best-selling EVs.

The electric Fiat 500 on the podium after the two Teslas

Behind the two Heads, however, the Fiat 500e is third, with 3,800 units, up 74%. The electric 500 represents 38% of the total sales of the Fiat 500. It was followed by the old Kia e-Niro, whose sales have improved in recent months, although the second generation was revealed. The fifth position is occupied by the Hyundai Ioniq 5, a record for the crossover presented last year, so much so that it surpasses rivals such as VW ID.4, Skoda Enyaq and Kia EV6.

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