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Electric car sales surge over 70% in Europe, nearing a third of the market
Electric car sales in Europe grew more than 70% and now account for nearly a third of all sales, according to newly released market data. Here's what lies behind the figure.
Electric car sales in Europe grew more than 70% and now account for nearly a third of the market, a leap that confirms the advance of battery vehicles across the continent.
## A third of the market is now electric
The figure that sums up the moment is twofold: electric cars are surging more than **70%** in Europe and account for nearly a third of the market. This is no small number. It means that one in three vehicles sold on the continent already runs on battery alone, and that the pace of growth remains in the high double digits.
The figure is circulating as part of European market developments, though the publication reporting it does not detail the exact period or the body that measured it. It is best taken as a snapshot of the moment, not a closed data series.
## What lies behind the growth
Growth of more than **70%** does not come out of nowhere. It reflects a mix of factors that have been pushing for years: European regulations setting deadlines for the combustion engine, public purchase incentives in several countries, and a model offering that has multiplied.
The result is that electric cars have gone from being a minority option to competing head-to-head with diesel and petrol in the overall tally. Nearly a third of the market is no longer a curiosity but the dominant trend.
## The fine print behind the figure
Nearly a third of the market is not the same as nearly a third of the car fleet. The fleet is the total number of cars on the road, and there electric vehicles remain a clear minority. The figure refers to new sales, not to what is on the road.
It also says nothing about prices or charging infrastructure, two factors that determine how solid this pogre really is. A market growing at **70%** can slow down if buyers' wallets or charging points fail to keep up.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (0 replies).
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