Sales of electric vehicles in the EU during Q3 registers major growth

Sales data released by a trade organization in the European Union shows, nearly one in five vehicles sold in the bloc during the third quarter of this year was an electrified model underscoring the trend of soaring EV sales.

In a statement, the European Automobile Manufacturers’ Association, (ACEA) said, battery electric and plug-in hybrid model sales across the European Union made up around 19% of total sales.

Sales of battery electric vehicle jumped by 57% to more than 212,000 units, while those of plug-in hybrid models rose by 43% to more than 197,000 units.

Sales of petrol cars dropped by 35% accounting for around 40% of overall sales; sales of diesel vehicles also slumped by more than 50% during the quarter. In comparison, less than a decade ago, diesel cars made up more than 50% of total sales in the EU.

Consumers have benefited from government subsidies for electric vehicles.

The European Commission has also proposed an effective ban on fossil-fuel vehicles from 2035, aiming to speed up the switch to zero-emission electric vehicles as part of a broad package of measures to combat global warming.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy, Sustainability

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