14 August 2020
Increased incentives in response to Covid-19 boost European EV sales
Electric vehicle sales figures through July of 2020 show Europe’s uptake rate taking a sizable leap, enough to overtake the long-running leader China. Selling some 500,000 units in the first seven months of the year, Europe’s electric vehicle market has grown markedly as a result of the steps taken to aid auto manufacturers in recovering from the Covid-19 pandemic induced economic slowdown.
The boost to EV sales comes as European automakers strive to ensure fleet-wide emissions of under 95 g/km, requiring a considerable reduction from the 2018 average of 120 g/km. As a result, the increased market for electric vehicles comes at an advantageous time for automakers such as Volkswagen.
For more information on the progression of EV sales in Europe see this Bloomberg article
Automotive News Europe reports on German and French EV subsidy increases
Automotive New Europe details fleet-wide emissions regulations