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The share of electric cars in decline on the European market

All-electric isn't happening right away.

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The share of electric cars in decline on the European market

All-electric isn't happening right away. 100% electric vehicles confirmed their decline in October, reaching 14.2% of the European market, according to sector statistics published on Tuesday. Electrics, which represented 12% of sales in the European Union at the end of 2022, had reached 21% market share in August 2023, before dropping off in September.

Over the first ten months of the year, however, with 14% of sales, electric vehicles overtook diesel for the first time (12%). Gasoline cars remain in the lead with 33.4% of sales, ahead of hybrids (29%). All energies combined, the European market continued its recovery with 855,484 new passenger cars registered in EU countries, an increase of 14.6% over one year, said the Association of European Automobile Manufacturers (ACEA) in a statement.

Also readCarlos Tavares: “With the electric car, Europe has rolled out the red carpet for Chinese manufacturers”

Over the first ten months of the year, the market grew substantially (16.7%), totaling nearly nine million units. But it is still far from the volumes recorded before Covid-19 which disrupted supply chains, particularly for electronic chips. This ten-month trend was driven by the largest national markets, such as Germany (13.5%), France (16.5%), Italy (20.4%) and Spain (18 .5%).

The German group Volkswagen consolidated its first European position over the same period, at 26.1% market share, seeing its registrations rebound by 20.5% compared to the first ten months of 2022, thanks in particular to the Skoda and Audi whose sales grew by a quarter. At the same time, its Franco-Italian-American rival Stellantis lost almost two points of market share to 18.4%, the growth in its registrations (6%) being lower than the general trend. Two brands even moved into the red, Fiat (-1.8%) and Citroën (-1.5%). The Renault group also continues its rebound (10.9%, or 21.2% over one year), in particular thanks to its economical brand Dacia.

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