JATO Dynamics, the automotive business data and analysis company, released some interesting research for July 2020. According to the company, the motor industry in Europe is slowly reverting back to normal with data for 27 markets showing the industry registering 1,278,521 new passenger cars, down only 4 per cent month-on-month from 2019.

However, the really interesting information are the numbers surrounding electric vehicles (EVs).

According to JATO’s research, July saw EV registrations up 131 per cent year on year to 230,700 – the first time that these vehicles were bought by more than 200,000 consumers in a single month. As a result, EVs accounted for 18 per cent of total registrations in July, far greater than their market share of 7.5 per cent in July 2019.

Half of these cars were hybrids (HEV), with demand soaring by 89 per cent. Plug-in hybrids (PHEV) followed with 55,800 units, up by 365 per cent from July 2019.

Pure electric cars also showed encouraging results. Registrations jumped from 23,400 units in July 2019 to 53,200 this year, and models on offer increased from 28 to 38.

While the results for EVs were terrific, it’s worth noting that SUVs stole the show. They accounted for almost 42 per cent of total registrations – some 530,800 units.

Source: Motor Trader E-magazine (September 2020)

16 September 2020