Sales of electric cars are rising rapidly in the EU - diesel cars have been surpassed for the first time. Nevertheless, the end of the environmental bonus is making itself felt in Germany.

Sales of electric cars are rising rapidly in the EU - diesel cars have been surpassed for the first time. Nevertheless, the end of the environmental bonus is making itself felt in Germany.

According to a report by www.t-online.de, sales of electric cars in the EU are increasing rapidly. Sales of electric cars increased by 37 percent compared to the previous year to 1.5 million, which caused the European new car market to grow by 13.9 percent. The share of electric cars in all new cars sold rose to 14.6 percent and exceeded that of diesels for the first time. This clearly shows that electric cars are gaining an ever larger market share.

However, the positive developments are occurring more strongly in some EU countries than in others. Italy, Spain and France in particular recorded strong increases, while Germany only recorded a significantly smaller increase of 7.3 percent. Compared to pre-crisis levels in 2019, total sales are still 19 percent lower despite the growth.

Experts still predict a positive development for consumers, as a “discount battle” is emerging and new cars are becoming cheaper again. This could lead to increased interest in car purchases, especially related to electric cars. However, there are massive differences between EU countries when it comes to the electric car market, with electric cars playing a larger role in some countries than in others.

The effects of these developments on the market are diverse. On the one hand, there is continued growth potential for electric cars in Europe, which makes investment opportunities in the field of electromobility attractive. On the other hand, the differences between EU countries could bring new challenges for manufacturers and dealers, as the electric car market differs greatly depending on the country. The upcoming “discount battle” could also create price pressure on manufacturers, which could impact their profit margins. Overall, the development of the electric car market in EU countries will bring both opportunities and risks.