SALES OF ELECTRIC VEHICLES BEAT DIESEL CARS IN EUROPE FOR THE FIRST TIME

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Wed 22 December 2021:

Vehicles that run on cleaner fuel are becoming more popular in Europe. Last month, sales of electric vehicles (EVs) and plug-in hybrids on the continent outstripped those of diesel vehicles.

The Tesla, Renault Zoe, and Dacia Spring appear to be gaining popularity among drivers.

In the last two years, EV and plug-in hybrid models have grown in popularity. There has been a drop in overall new car sales as the global chip shortage continues.

Despite the healthy growth of the EV market, sales overall of new cars in Europe were sluggish, due to a combination of the Covid-19 pandemic and the widely-publicised semiconductor shortage.

Compared to November 2020, the total volume last month was 18% lower than last year and 29% lower when compared to November 2019  before the pandemic had hit the market, Jato said.

Jato Dynamics, a London-based motoring business intelligence firm, has shared these findings. It looked at data from about 25 European markets.

According to the company, however, sales of petrol cars were more than double those of EVs and hybrids.

Jato global analyst Felipe Munoz said, “If you want a new car in this current environment, the chances are that EVs are going to be more accessible given the range of offers and incentives available.”

In Europe, 217,709 low-emission vehicles were registered last month. It was responsible for 26% of the total. It was higher than the 18 percent for diesel cars.

An unprecedented shortage of chips has affected dozens of industries globally, with the likes of games console makers and washing machine producers falling short of production targets, along with carmakers.

Investment bank and financial services company Goldman Sachs said in an analysis that  up to 169 industries are affected.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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