Dutch BEV Market Up 82%, Fossil Fuel Vehicles Down 16%

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Dutch BEV market Up 82% is slowly recovering in 2022-H1 with 29,428 registrations YoY. ICE market is down 16% to 124,280 registrations.

The Dutch battery electric vehicle market is slowly recovering. It is up 82% in the first half of 2022 compared to the first half of 2021, thanks to 29,428 registrations. At the same time, the internal combustion engine vehicle market is down 16% to 124,280 registrations.

In 2020, the Covid-19 disruption influenced both market segments. BEVs grew a meager 19% and ICE vehicles dropped a whopping 27%. Lowering of taxes and EU fines for not selling enough BEVs caused carmakers to register many thousands of unsold cars as 2020 deliveries, creating a reservoir of BEVs that had to be sold in early 2021, often with nice discounts.

This year looks to get back to normal. In the first half, BEVs grew 82% and ICEVs dropped 16%, a clear shift to BEVs in an overall shrinking market. There is enough money to see a booming market, even with the currently high inflation rates. The sales figures are coming back, but delivery is often many months in the future, giving the impression of a shrinking market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines