Slow but steady: EV sales increased in the EU in 2023 despite a market crowded with turtles
Out of the 27 European Union member countries, 15 fall short of achieving a 14,6% market share in electric cars.
Was 2023 a good year for the electric car in Europe? It depends on how ambitiously one interprets the data. According to the European Automobile Manufacturers' Association (ACEA), the past year marked a significant milestone as registrations of 100% electric vehicles (EV) in the European Union member countries exceeded 1,5 million units. This achievement signifies a robust 37% growth over the figures reported in 2022, cementing a gradual yet consistent expansion in the market.
Electric vehicles have now clinched a 14,6% share of the overall automotive market, indicating a steady increase in their popularity and adoption across Europe as, in 2022 this mark stood at 12,13%. In 2023, battery-electric vehicles ascended to the third position in popularity among buyers, overtaking diesel cars, which held firm at a 13,6% market share. Petrol vehicles continued to dominate the market with a 35,3% share, whereas hybrid-electric vehicles secured the second place, boasting a 25,8% share of the market. However, is this pace of expansion sufficient to meet the goals established by the European Union?