According to the European Automobile Manufacturers Association (ACEA), sales of new electric cars in the European Union in May fell by 12 percent compared to last year.
In Germany, the largest electric car market in the EU, due to 2023 m. December. the end of the electric car subsidies saw a 30% drop in sales, resulting in a 16% drop in sales this year. Overall, EU car sales in May decreased by 3%, and in the United Kingdom and the countries of the European Free Trade Association (EFTA) – by 2,6%.
Demand for electric cars in Europe is declining after several years of growth, and competition for affordable models is intensifying. European Commission imposed temporary tariffs of up to 38,1% on electric vehicle imports from China, which will take effect in July. As a result, in May 34,2% decreased “Tesla” sales in the EU, and the company expects the new tariffs to increase the prices of Chinese models.
Nevertheless, electrified vehicles, including all-electric models, hybrids and plug-in hybrids, in May. accounted for 48,9% of all new passenger cars registered in the EU, compared to 46,2% a year ago. The share of electric vehicles decreased to 12,5%, while the share of hybrid vehicles increased to 29,9%. ACEA notes that the electric car market was expected to stagnate, but sales are expected to grow from 2025 in line with new EU car emissions targets.