Sales of New Electric Cars in Europe fell 78.3% in 1Q2020

Jiří Staník
June 19, 2020

Sales of electrically-chargeable vehicles amounted to XX thousand in 1Q2020, up /down by 1,053 thousand in 1Q2020 compared to last year

Electric cars represented XX% of all new cars sold in 1Q2020, up/down from XX% a year ago.

Most electric vehicles have been sold in Germany (XX thousand) while France registered the biggest increase in sales when compared to last year.

Electric-powered Cars

Sales of new electrically-chargeable passenger cars reached 292 thousand in the first quarter of 2020 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 78.3%, or 1,053 thousand more/less than in the previous year.

Share of electric vehicles increased/decreased to XX% of all new passenger cars sold in 1Q2020, up from XX% seen in the first quarter of 2019. Share of diesel-powered cars fell to 29.9% (from 33.2% in 1Q2019) while petrol-powered vehicles held XX% of the market.

In the first quarter of 2020, most electric vehicles (121 thousand) were sold in Germany (down 61.1% yoy), followed by France (21.0 thousand, down 88.8%), Sweden with 18.9 thousand cars (down 37.5%), 15.4 thousand new vehicles were registered in Netherlands (down 53.6%) and 15.2 thousand in Poland (down 67.1%). The five largest countries accounted for 60.3% of total new vehicles registered in April 2020:

 

As partly seen above, both the battery-electric (BEV) and plug-in hybrid (PHEV) segments provided a strong boost to this growth (+68.4 and +161.7% respectively):

TABLE: Sales of electric chargeable vehicles in Europe (thousands of vehicles)

Alternatively vs. Traditionally-Powered Cars

Overall, total of XX thousand passenger cars have been sold in 1Q2020 using alternative power (APV). Apart from the electric-chargeable vehicles (ECV), the APVs include Hybrid electric vehicles (HEV) and those vehicles running on ethanol (E85), liquid petroleum gas (LPG) and natural gas (NGV). Hybrid electric vehicles remained the best-sellers of the alternatively-powered vehicle segment, representing 9.4% of the total EU car market in the first quarter of 2020:

 

As the share of the APVs increases, the market share of the traditionally-powered vehicles continues to fall. In the first quarter of 2020, share of diesel-powered cars fell to 29.9% (from 33.2% in 1Q2019) while petrol-powered vehicles held XX% of the market.

TABLE: Sales of alternatively-powered vehicles in Europe (thousands of vehicles)
Jiří Staník
Jiří Staník
CEO & Founder
He spent nearly two decades analysing companies in the region of Central and Eastern Europe, primarily in the area of financial services. Jiri built and headed Equity Research at Wood & Company, a Central European brokerage firm, and got several awards (such as The Best Equity Research or The Best Analyst by Euromoney).