Abstract:

As COVID-19 confinement measures were eased in most European markets, new car registrations more than doubled in May. Registration numbers for FCA-Tesla, whose sales were hit especially hard in April, tripled within a month. Nevertheless, on average for all manufacturers, year-to-date (YTD) new car registrations remained 44% below 2019 figures, and the share of electric vehicles dropped to 7% in May. Volvo is the only manufacturer that was able to maintain an electric vehicle share above 20% (all plug-in hybrid electric vehicles). The market-wide YTD electric vehicle share remains at 8%, more than twice as high as during the same months in 2019.