电动汽车销量增长也放缓，部分原因是环保激励政策存在分歧，而欧盟监管机构则征收高额关税，试图将廉价的中国电动汽车拒之门外。European Union's new car sales in August dropped by 18.3%, reaching the lowest level in three years.
According to the information from the Securities Times, data released by the European Automobile Manufacturers Association (ACEA) on Thursday showed that, dragged down by double-digit declines in major markets such as Germany, France, and Italy, the EU's new car sales declined by 18.3% in August, reaching the lowest level in three years. Pure electric car sales plummeted by 43.9% in August for the fourth consecutive month, while the sales in Germany and France, the EU's largest electric car market, declined by 68.8% and 33.1% respectively.
Car sales in Europe have been significantly lower than pre-COVID-19 levels. Car manufacturers such as Volkswagen (VWAGY.US) have warned that this trend may not change in the foreseeable future.
The growth of electric car sales has also slowed, partly due to disagreements over eco-friendly incentives, while EU regulatory agencies impose high tariffs in an attempt to keep cheap Chinese electric cars out.
The data shows that in August, pure electric car and plug-in hybrid car sales declined by 43.9% and 22.3% respectively, while hybrid car sales increased by 6.6%, reaching a market share of 31.3%.
The car registrations of the three major European car manufacturers, Volkswagen, Stellantis (STLA.US), and Renault (RNLSY.US), all declined by 14.8%, 29.5%, and 13.9% respectively compared to the same period last year.
The sales of electric car giant Tesla (TSLA.US) decreased by 43.2%.
In recent months, the market share of hybrid cars in the European Union has increased, as buyers see it as an affordable compromise between rbob gasoline cars and electric cars.
In order to inject new stimulation into the electric car market, Germany agreed in September to grant companies selling electric cars a tax reduction of up to 40%, after ending the subsidy plan aimed at accelerating the green transition last year.
However, the European Transport and Environment organization (Transport & Environment) stated earlier this week that by 2025, the total market share of electric cars sold in the European Union will reach 20% to 24%, mainly due to lower sales prices.