Electric car sales in Europe jump, but still just 4% of market

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Registrations of electric cars in Europe jumped 57.4% in the first quarter of 2020, but still only accounted for 4.3% of total registrations, auto industry data showed on Tuesday, as carmakers struggle to meet tough new anti-pollution rules.

FILE PHOTO: Employees work at a production line of the electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020. REUTERS/Matthias Rietschel

With economies facing deep recessions and consumer confidence plunging, analysts fear it could get harder to persuade drivers to embrace change. Of the 3,054,703 new cars registered in the first three months of the year, 52% were petrol powered and 28% were diesel, the ACEA data showed. Demand is down by at least 50% from a year earlier, according to more than half of the 1,357 dealers polled by ZDK.

“There are between 750,000 to 1 million unsold cars sitting in German dealerships, the vast majority of them are conventional petrol and diesel cars,” ZDK spokesman Ulrich Koester said.Germany extended its lead over Norway in terms of new electric car registrations, with a 63.3% rise. Sales in France jumped 145.6%, while Norway’s declined 12.4%.

 

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