T&E's dashboard shows that EU electric car sales remained stable in 2022, growing at a slightly slower pace. With huge waiting lists for electric vehicles, EU carmakers need to step up supply – or risk not just losing sales to foreign rivals but also their hopes for a European battery industrial chain.
Most up-to-date data is available here.
Despite a difficult start to the year, the battery electric vehicle (BEV) market managed to overcome supply chain issues and finish 2022 with a 3%p growth in its share of the EU vehicles market:
With huge waiting lists for BEVs, EU carmakers need to step up supply – or risk not just losing sales to foreign rivals but also their hopes for a European battery industrial chain.
Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.