January saw a surge in sales of Chinese electric vehicles across Europe building market share. According to Jatro Dynamics, although the overall European car market posted a decline of 1.9% year on year, Chinese car brands continued to accelerate, with 37,134 vehicles registered in January, an increase of 52% from January 2024. The market share of Chinese brands grew from ...
Read More »EV sales across Europe fall 1.1% in 2024 amid concerns on pricing and infrastructure
EV sales across Europe fell 1.2% last year to 1,985,996 units in an overall market up 0.9%. The drop in registrations was also reflected in the market share of BEVs in Europe, which decreased slightly from 15.7% in 2023 to 15.4% last year. Jato said a lack of clarity about incentives for BEVs, the high average retail price of new ...
Read More »High cost of BEVs remains ‘barrier to entry’ for consumers despite price cuts
The decline in the BEV-ICE price gap has led to greater uptake of EVs in Europe as models become more accessible and affordable. But despite this, the high cost of Western BEVs remains a barrier to entry for consumers, while Chinese manufacturers now offer electric cars for as little as €3,250 in China, according to the latest figures from Jato ...
Read More »Poor car sales and steep prices point to ‘deep-rooted’ problem in Europe
Carmakers across Europe need to cut prices to boost sales volumes in a mature market under pressure from Chinese carmakers and the EU Mandate. That’s the view from Jato Analytics which said concerns “are mounting over the survival of Europe’s automotive industry” if manufacturers are unable to find ways to reduce their prices. Car sales in Europe are in ...
Read More »BEV sales across Europe fall 36% in August as demand crashes
Sales of cars across Europe fell 16% to 753,482 units in August, according to the latest data from Jato Dynamics. This was the biggest year-on-year drop since June 2022. A total of 8.64 million new cars have been registered in Europe so far in 2024 – an increase of 1.9% compared to the same period last year. The decline ...
Read More »‘Lack of clarity’ sees BEV sales in Europe fall 6% in July
Demand for electric vehicles fell in July, with their market share decreasing from 14.6% in July 2023 to 13.5% last year, according to analysis of 26 European countries. According to JATO’s data, 139,300 new electric cars were registered last month, down 6% from July 2023. Felipe Munoz, Global Analyst at JATO Dynamics, said: “The lack of clarity around the incentives ...
Read More »European demand for BEVs slowed in H1
European demand for BEVs slowed in H1 as Tesla and Volkswagen lost ground to BMW and Chinese OEMs. JATO Dynamics’ data for 28 European countries revealed that new passenger car registrations increased by just 4.4% between January and June 2024, compared to the same period last year, with volume increasing from 6,559,213 units in H1 2023, to 6,847,842 units in ...
Read More »Chinese cars account for 19% of BEV sales across Europe in May
Chinese cars accounted for one in five (19%) BEVs sold in Europe in May, according to JATO Dynamics’ data for 28 European markets. Felipe Munoz, Global Analyst at JATO Dynamics, since the global pandemic, the European car market has only recovered to 75%-80% of its original size. “As a result, many factories across Europe are not operating at full capacity, ...
Read More »JATO Dynamics reveals world’s best-selling car of 2023
The Tesla Model Y made history last year as the first ever pure electric vehicle to lead the global market, says JATO Dynamics. It secured this position despite being without a presence in most emerging markets, where it is unaffordable for most. Felipe Munoz, senior analyst at JATO Dynamics, said: “Tesla is a brand made for the developed world. “While ...
Read More »EVs, SUVs and Chinese-made cars are no longer main drivers of growth
Growth in Europe’s new car market was driven mainly by demand for B-hatchbacks and compact cars as opposed to EVs, SUVs and Chinese-made cars, says JATO Dynamics. April was a positive month with a total of 1,080,517 new vehicles registered, an increase of 12.6% compared with the same month last year. A total of 4,461,734 new units have been registered ...
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