Market share of battery electric vehicles nearly double in Europe in Q1 2022

The market share of battery-powered electric vehicles is reported to have doubled in Europe during the first quarter of 2022.

According to ACEA data, electric vehicle sales account for 10 percent of total passenger car sales in the European Union. That figure reportedly surpasses the number of plug-in hybrid electric vehicles.

There were 224,145 battery electric vehicles sold in continental Europe in the period January-March 2022. Compared to the same period in 2021, this number increased by around 146,125 units.

Hybrid electric vehicles account for more than a quarter of the market. This number is in fact an increase of about one-fifth compared to the same period last year.

Data from the European Association of Automobile Manufacturers shows that as many as 880,000 electric vehicles in Europe were sold last year.

Another study from Jato, claimed that battery-powered electric vehicles accounted for more than six percent of total global car sales in 202. Jato said that the electric vehicle market had doubled to 6.2 percent from 3.1 percent in the previous period.

This is because electric vehicles are becoming increasingly popular around the world. As additional information, China still leads the electric car market worldwide. Then followed by the European and North American markets.

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