Do you know the Top Facts in the EV market in 2024 in Europe:-

1. January 2024

       The EU witnessed a surge in hybrid-electric car registrations with a significant growth in Spain, France, and Italy. The hybrid-electric cars are accounted for a whopping 28.8% of the EU market share.

2. April 2024:

The battery-electric car registrations are high with pure EVs as they rose by 14.8%, totaling 108,552 units. The market seems to be steady at around 12%. France and Belgium are impressively increasing with 45.2% and 41.6% respectively.

3. June 2024:

The registrations of battery-electric cars dipped slightly by 1%, landing 156,408 units. The market share settled at 14.4%, down from the previous 15.1%.

4.China:

The EV market in China doubled from 2021 to mid-2023, reaching a dazzling 32%.

5. United States:

In the first half of 2023, the EV market witnessed growth of 25%. The plug-in hybrid EVs got a smaller slice of 19% compared to Europe’s 34%.

6. India

        By mid-2023, EVs accounted for just over 2% of new vehicles with a promising 82% increase from the end of 2022.

7. The Netherlands

The Dutch are riding the electric battery passenger fleet in the Netherlands with a stellar performance of 303,227 vehicles.

8. Belgium

       The electric car fleet is powered up by electrons with a dash of a total of 81,683 vehicles.

9. Luxembourg

        The electric car fleet is sparking with 12,828 vehicles and shows eco-conscious attitudes.

It shows that Benelux regions are electrifying towards a greener future.

As per the experts, the EU union is multiplying their production of electric vehicles like Stardust. So, a battle between EV experts and Traditional vehicles.

In 2023, a whopping 1.5 million new battery-only electric vehicles were registered, not hybrid but pure electric vehicles. Hence, the EU’s total EV count to 4.5 million. A whopping 45.8% surge as compared to 2022.

So, the post-pandemic shining rays for the EV industry compared to other tech industries.

In 2023, the share of BEV cars is among new registrations reaching a cosmic 14.6%.

Well, the EV constellation is shining high due to the expansion of the charging networks, prices evolving, and also more people embracing the electric car vibes.

The top-selling electric cars in 2024: –

1. Tesla Model Y

The vehicle is designed as sleek with zippy performance with a reigning champion. During the first half of 2024, clocked in at 101, 181 units, a cosmic fleet of electric awesomeness. A dip of 26% in sales was seen compared to the previous year. A range of 575 Km is available.

2. Tesla Model 3

It strutted its stuff with 58,400 units, showing a 37% surge in sales with efficient style and unmistakable Tesla charm. A range of up to 472 Km is available.

3. Volvo EX30

A grand entrance by the Volvo EX30 selling 36,980 units. A range of 472 Km is available.

4. MG MG4

       The vehicle joined partly with 31,922 units. A range of 472 Km is available.

5. Volkswagen ID.4

The vehicle cruised in with 29,146 units by facing a 30% sales drop. A range of 472 Km is available.

6. Volkswagen ID.3

The eco-friendly vehicle is stuffed with 29,136 units, despite a 17% sales slide. A range of 472 Km is available.

7. Skoda Enyaq

The vehicle is selling 25,248 units and is known as the quiet achiever that winning hearts. A range of 472 Km is available.

8. Volvo EX40

The vehicle rolled in with 25,223 units showing a 5% decrease with a reliable friend when you need a jump-start. A range of about 472 Km is available.

The range is as per the European WLTP (Worldwide Harmonised Light Vehicle Test Procedure) cycle.

Sources:- European Vehicle Market Statistics, acea driving mobility for Europe, inside evs, car selling statistics, statista, Eurostat