JARAMA
Electric vehicle sales declined in the European Union during December for the first time since April 2020, when the pandemic was in full swing. Registrations of battery electric vehicles fell 16.9% during the month to 160,700 units, according to the European Automobile Manufacturers Association. The decrease was attributed to a comparatively strong performance in December 2022 and a significant slowdown in Germany (-47.6 year-on-year), the largest all-electric vehicle sales market. Despite the low December count, the total volume of battery electric vehicles for the full year 2023 exceeded 1.5 million units, representing a substantial increase of 37% compared to 2022. The market share of the battery electric vehicles reached 14.6%, above the diesel market. share of 13.6%. Gasoline cars maintained first place with a market share of 35.3%, while hybrid-electric cars took second place with a market share of 25.8%.
The European leaders in car registration market share in December were Volkswagen (OTCPK:VLKAF) with 26.1%, Stellantis (New York Stock Exchange: STLA) and 14.0%, Renault SA(OTCPK:RNSDF) and 11.9%, Hyundai Motor (OTCPK:HYMTF) and 7.6%, Toyota Motor (TM) and 6.8%, BMW (OTCPK:BMWYY) and 8.3%, Mercedes-Benz AG Group (OTCPK:MBGAF) and 6.9%, Tesla (TSLA) and 3.5%, and Ford Motor (F) and 2.9%.
