Nearly 160,000 electric cars sold in Europe in August

The European car market as a whole is growing for the first time since June 2021, August is the first month to record an increase in the total number of sales of passenger cars. The electric vehicles recorded a 2% growth when compared to the same period of time last year.

There were over 159,000 electric cars registered in August across Europe, the market share of EVs has grown to 21%. The battery-powered EV sales went up by 12% to 99,000 units and got a 13% share. In contrast plug-in hybrids dropped 10% to 61,000 and now account for 8% of the total market.

The year so far has seen 1.4 million EVs registered in Europe, which is 20% of all car sales. Out of those, 870,000 vehicles were BEVs and 580,000 were plug-in hybrids. The PHEVs are slowly losing market share to all-electric cars.

The Tesla Model Y was leading the sales but VW ID.4 is not far behind with Skoda Enyaq iV taking a close third place. Looking at the entire year so far, we can see that Tesla is far ahead of its competition, but it’s the Fiat 500e that is selling in high numbers and chasing Model 3 for a second place.

Best selling electric cars and plug-in hybrids in August 2022 and 2022 year-to-date:

When it comes to the most popular brands and automotive groups in 2022 VW Group is dominating the European market with Tesla coming in a distant 7th position despite making the most popular cars. VW Group counts Porsche, VW, Skoda, Audi and Cupra among its electric car brands and the numbers will always be skewed in favor of large automotive groups like that.

Here's the full ranking:

Top electric car brands by market share

• BMW
  9.1%
• Mercedes-Benz
  8.2%
• Volkswagen
  7.4%
• Tesla
  6.7%
• Kia
  6.3%
• Audi
  5.8%
• Peugeot
  5.6%

Top electric automotive groups by market share

• VW Group
  20%
• Stellantis
  16.3%
• Hyundai
  11.6%
• BMW Group
  11.1%
• Mercedes Group
  9.2%
• Renault-Nissan-Mitsubishi
  8.7%
• Tesla
  6.7%

The takeaway from these results is rather positive, the sales of all-electric cars are slowly going up, the plug-in hybrids are selling less and less every month. The electric cars are slowly chipping away the market share and the sales would have been much higher if not for the constant supply issues. The waiting time for electric cars around Europe varies from 4 weeks to up to a year showing unwavering support from customers. The orders keep coming in, and the manufacturers are struggling to keep up with them.

Source