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European EV Sales up 31% in First Half 2022
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2022-09-02
The first half of 2022 was a rough time for the European new car market. According to the data by JATO Dynamics, new car registration dipped 14% from the same period last year, landing at 5.54 million registered cars across 27 countries. SUVs and EVs were a main factor preventing a further decrease. SUVs had 4% less registration compared to the last period, taking up nearly 50% of the total registration. EV registration increased from 485 thousand vehicles to 633 thousand vehicles, up 31%, taking up 11.4% of the whole BEV market share, and up nearly 4 percentage points from a year ago.
The uptrend of BEV demand doesn't equally benefit all carmakers. Although Tesla still holds a large chunk of EV sales, its growth rate is lower than the market's average. With issues in new car supply due to the production halt in China as well as the increased number of market competitors, Tesla's market share dropped from 13.75% in the first half of 2021 to 13.33% in the first half of 2022.
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