For the first time, more electric cars than diesel were sold in Europe

The number of registrations of new passenger cars in Europe reached 713,714 in August. This is 18 percent less than a year ago and a third less than in 2019. This follows from the data of JATO Dynamics.

Although there was a year-on-year decrease in the number of newly registered passenger cars in Europe in August, their number increased year-on-year from January to August. And that by 12.5 percent. For the first time, however, the share of electric vehicles (including plug-in hygrids and hydrogen cars) exceeded the share of cars powered by diesel engines. While diesels registered 20 percent, the share of electric cars rose to 21 percent.

The August year-on-year decline in production and registration of new cars can be attributed to the lack of chips, which is due to the reverberations of the coronavirus pandemic, the decline in sales of diesel cars is long-term. In 2017, almost every second new car sold ran on diesel, and last spring their share dropped to 30 percent. On the other hand, the share of cars with a petrol engine is still between 50 and 60 percent.

The best-selling car in Europe became the Dacia Sandero in August, the plug-in hybrids were dominated by the Ford Kuga and the electric car was the first for the Volkswagen ID.3.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Siemens’ Quarterly Profit Beats Estimates as the Company Benefits from AI-Related Demand

German industrial conglomerate Siemens increased its profit from industrial...

Sell Stop Orders: How They Work, When They Trigger and Where They Fail

A sell stop order allows investors to automatically sell an asset...

German Authority Investigates PayPal Over Possible Restriction of Competition

The online payment system PayPal may be engaging in...

Airbnb Could Earn More From the Same Booking

Airbnb plans to bring car rentals and partner services directly into its platform. With AI customer support reducing overheads, the company aims to earn higher profits from existing customer bookings.

Over-the-Counter Markets: How OTC Trading Works Outside Centralized Exchanges

Over-the-counter (OTC) trading allows investors, financial institutions, and companies...

Maersk’s profits grew, but a return via Suez may squeeze margins [1]

Maersk posted an operating profit of USD 3.3 billion...

Shooting Star Candlestick: How to Read It Without Trading the Shape Alone

A shooting star candlestick can warn that an upward...
spot_img