Sales of electric vehicles surpass diesel in Europe, a first

Jack Ewing

19.01.2022

Europeans bought more electric cars than diesels in December, a stunning illustration of the growing popularity of battery power and the decline of diesel, which was once the most popular engine option in Europe.

More than 20% of new cars sold in Europe and Britain in December were powered solely by electricity, according to data compiled by Matthias Schmidt, an analyst in Berlin who tracks electric vehicles sales. Sales of diesel vehicles, which as recently as 2015 accounted for more than half of the new cars in the European Union, slipped below 19%.

The December figures illustrate how electric vehicles are fast becoming mainstream. Sales of battery-powered cars soared in Europe, the United States and China last year while sales of conventional vehicles stagnated. Government incentives have made electric vehicles more affordable, the variety of electric cars to choose from has grown and buyers have become more conscious of the environmental cost of vehicles powered by internal combustion engines.

The growth of electric vehicles was all the more remarkable considering that the overall car market is in crisis. Sales of all new cars in the EU fell more than 20% in November as a shortage of semiconductors strangled production, according to the European Automobile Manufacturers’ Association.

“This is the real deal,” Schmidt said in an email. His figures, based on data from European government agencies, were first reported by the Financial Times. The data includes Norway, which is not a member of the EU and has the highest percentage of electric vehicles of any nation on the Continent.

Tesla was the bestselling electric vehicle brand in 2021, followed by Volkswagen, Schmidt said. Tesla will be in a good position to expand its leadership when the carmaker opens a new factory in Berlin this year to serve the European market.

Diesel was long popular in Europe because of tax policies that made diesel fuel less expensive than gasoline. Diesel-powered vehicles are generally more fuel-efficient than gasoline cars, but produce more harmful pollution.

Diesel’s decline began in 2015 after Volkswagen admitted that it had sold millions of diesel cars equipped with software that produced artificially low emissions during official tests.

FREE Stock Alert Newsletter on Canada's Trending Companies.

Join Now & Get 36-Page EV Market Study for FREE:

Sidebar-banner

* When you do, you’ll also get a free subscription to our EquityDaily alert newsletter. We always respect your privacy! Unsubscribe at any time.

EquityDaily publishes 30+ page reports on breakout markets, FREE to subscribers. Subscription is also FREE. Current Report:

Global Electric Vehicle Market Study

signup-popup

You will also receive weekly Stock Alert emails from the EquityDaily Newsletter when you subscribe.