Once again, the electric vehicle market seems generally unaffected by the pandemic while internal combustion engine sales keep dropping. As we have reported, the number of petrol and diesel car sold have been highly damaged by the pandemic, and new statistics from JATO Dynamics data show registrations fell by 32% and 31% respectively from June 2019.
However, EVs registrations keep skyrocketing as it seems that the global pandemic is accelerating the transition to electric with more customers choosing the greener option. JATO analysis has shown that compared to June 2019, the volume of new EVs registered rose from 111,300 units in June 2019 to 183,300 units last month, up by 65%, which means that the market share of EVs has rose to an incredible 16.2%.
Felipe Munoz, global analyst at JATO Dynamics has explained that these numbers are the result of a combination of multiple factors.
“Despite the decline in consumer confidence and employment, the new landscape seems to be offering a prime opportunity for electrified cars,” he said. “One not seen since their introduction. The combination of greater offers, better deals, higher incentives, and more consciousness among consumers for a green future, is boosting EV demand more than ever.”
The clear winner in the electric vehicle category is Renault as it has sold 10,225 ZOEs solely in the month of June overtaking Tesla’s throne as the most sold EV on the market. In comparison Musk’s company has had a bit of a rougher month as it has seen a 42% decline in volume.
The new Renault ZOE is quickly becoming an absolute hit for the French automaker and we can see why as we just recently test-drive it and were impressed by its abilities.
Overall, the car market is still suffering from the pandemic. According to JATO, 1.13 million units were registered last month in Europe, indicating a drop of 24% compared to the 1.49 million new cars registered in June 2019.
As the market is trying to recover from this uncertain time, electric vehicle sales are riding this wave and steadily becoming a bigger part of the market, bringing the all-electric revolution closer.
Discussion about this post