Sun, 28 Nov 2021

BERLIN, Oct. 15 (Xinhua) -- Sales of electric vehicles (EVs) in Europe's five largest markets -- Germany, the United Kingdom, France, Italy and Spain -- rose by 60 percent year-on-year in September, according to a study published by the consulting firm Ernst & Young (EY) on Friday.

The global chip shortage is "slowing down sales momentum in what should be a booming market for electrified new cars," EY Germany noted in a statement. In the first half of the year, sales of EVs soared 147 percent.

"Growth momentum for plug-in hybrids slowed even more," the study found. In September, sales in the five largest markets in western Europe increased by only 28 percent, down from 52 percent in the previous month.

Despite this development, the market share of electrified cars climbed to a record high as 21.5 percent of all newly registered passenger cars in Germany, the United Kingdom, France, Italy and Spain were either electric or plug-in hybrids, the study found. This share doubled from a year ago.

Germany continued to have the highest market share of electrified new cars at 28.7 percent, followed by France and the United Kingdom, both at 21.6 percent. In Spain, by contrast, only 11.5 percent of newly registered cars were plug-in hybrids or electric.

"Demand for electric cars and plug-in hybrids remains high -- not least thanks to purchase bonuses and tax benefits," said Peter Fuss, senior advisory partner automotive at EY. "The fact that the growth curve is currently flattening is solely due to supply difficulties."

Aiming to have between seven and ten million electric vehicles registered in Germany by 2030, the government supports the purchase of purely electric vehicles with a premium of up to 9,000 euros (10,440 U.S. dollars).

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