July has been yet another great month for electric vehicles. Statistics from JATO Dynamics show that in Europe EVs accounted for a solid 17% of total registrations.
This is the second highest monthly market share after June 2021, and the third highest ever in Europe as Battery Electric Vehicles accounted for 47% of that total.
Felipe Munoz, Global Analyst at JATO Dynamics has explained that although EV registrations keep soaring there is still a long road ahead.
“Consumers continue to respond positively to the deals and incentives attached to EVs, which have made these vehicles far more competitive in terms of their pricing,” he said. “We are beginning to see the impact of campaigns that favour EVs over ICE vehicles playout in the market, however the industry is not yet doing enough to enable EVs to absorb the losses sustained by traditional powertrains.”
The market share for gasoline cars has steadily declined from 63.4% in July 2019 to 59.8% in July 2020, and to 59.0% last month. Diesel registrations decreased by 166,000 units between July 2020 and July 2021, and almost 207,000 between July 2019 and July 2021, EVs gained 49,000 units between July 2020 and July 2021, and 125,000 units between July 2019 and July 2021.
In fact, overall, according to data from 26 European markets, new car registrations slowed in July, recording a year-on-year decline of 24% as total volume decreased from 1.27 million units to 967,830.
Meanwhile, Volkswagen also had a fantastic month as the most sold EV in the continent is the incredibly popular ID.3 with over 5,000 new units. The ID.4 also proved to be highly popular with over 3,600 new electric SUV on the road, placing sixth in the month.