Friday, January 10, 2025

Sales of electric cars are collapsing in Europe – here's the fix

While sales of electric cars are still progressing in Denmark, the rest of Europe has seriously found the reverse gear. The situation is particularly bad in Germany.

Overall, sales of electric cars in Europe fell by 12 percent, and in May the market share was down to 12.5 percent.

This is shown by figures from ACEA (European Automobile Manufacturers' Association). A development that Boosted has already described. Read more about it here.

It is especially in Germany that motorists' lack of desire for new electric cars drags them down. After the country's government in December 2023 immediately withdrew support for electric cars to patch a gaping hole in the treasury, it has only gone one way for electric cars. Namely downwards.

In May, sales of electric cars in Europe's largest car market fell by a further 30.6 percent. At that expense, both the petrol and diesel cars advanced.

READ ALSO: Legendary Mercedes resurrects with V6 engine and at least 450 hp

In fact, France was the only major market to register an increase in the electric car in the month of May. This was a plus of 2 percent compared to a year ago.

But the big winner right now is the hybrid car. And it comes at the back of the Volkswagen. As a consequence of consumers' desire for cows disappearing together with the state subsidy, the brand from Wolfsburg has shifted a full 500 billion kroner from the development of the electric car to the hybrid cars. Read more about it here.

Speaking very much of the hybrids, the car type – both with and without a cord – is the big winner at the moment. At home, it is Toyota in particular that, as the best-selling brand, lives up to the changing market. Meanwhile, Tesla – similar to the trend in other countries – is in free fall.

So far, Tesla's sales in Europe have fallen by 10 percent this year, when compared to the record year of 2023. Which meant that a 37-year-old record set by Opel was smashed. Read more about it here .

Read more exciting news from and about the world of cars right here!

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