Vehicle Registrations and Market Share of BEVs in the EU

In the final three months of 2022, the number of new vehicle registrations increased, concluding the year at a total of 2,530,000. Despite the fact that several manufacturers experienced a decrease in sales in comparison to 2021, the aggregate 5% decline for 2022 was smaller than the 10% decline observed in the third quarter. Stellantis and Volvo had notably fewer new registrations than the previous year, with a decrease of 15% and 8% respectively. On the other hand, the Tesla-Honda pool saw a positive outcome, ending the year with an increase of 26%.
In the third quarter of 2022, the average market share of Battery Electric Vehicles (BEVs) increased from 13% to 18%, while Plug-in Hybrid Vehicles (PHEVs) saw a rise from 9% to 12%. BEVs accounted for 13% of all new automobiles registered in 2022, a 3% increase from 2021. Volvo (+18 percentage points) and BMW (+6 percentage points) achieved the highest improvements in their BEV share compared to 2021, with a respective 29% and 15%. At only 1%, down from 2% in 2021, the Mazda-Subaru-Toyota pool still has the lowest percentage of BEVs among all registrations.

All manufacturers have achieved their respective CO2 targets for 2022, with an average over-compliance of nearly 12 g/km. The Mazda-Subaru-Toyota pool is the only industrial consortium that is exempt from compliance requirements, and may still make use of super-credits.

In 2022, Norway had the highest registration share of BEVs and PHEVs (88%), followed by Iceland (58%), Sweden (56%), Finland (38%), Denmark (38%), the Netherlands (35%), Germany (31%), Belgium (26%) and Luxembourg (24%), all of which had registration shares that were above the European average of 23%.

New registrations of light commercial vehicles (vans) decreased by an average of 18% across all EU manufacturers in 2022 compared to 2021. The Stellantis group reported a higher share of battery electric vans (10%) than the overall market average, with the average share increasing from 6% in the third quarter to 8% in the fourth. The average share of battery-electric vans rose by two percentage points (5%) in 2022. The highest percentage of battery-powered vans (8%) was recorded in Germany in 2022. All manufacturers, apart from the Renault-Nissan-Mitsubishi group, achieved their CO2 targets for 2022, with Stellantis surpassing them by 25 g/km.

Source: European passenger car and light commercial vehicle registrations: January–December 2022 | The ICCT

A table showing the percentage share of plug-in hybrid (PHEV) and battery electric (BEV) passenger cars by various manufacturers for Q4/2022, 2022 overall, and 2021. Manufacturers include Tesla-Honda, Volvo, Hyundai, VW-SAIC, BMW, Mercedes-Benz, and more.
Vehicle Registrations and Market Share of BEVs in the EU | Source: The ICCT
Related news

Electric vehicles now cheaper than combustion models in China

China has reached a significant milestone in the electric vehicle (EV) market: EVs are now cheaper…

read more
Electric Vehicles
Asia
Published by: Editorial board | July 18, 2024

Five countries lead Europe’s electric truck charging infrastructure

Europe is advancing with the electrification of Heavy Duty Vehicles (HDVs). Recent data from Gireve shows…

read more
EV Charging
Europe
Published by: Editorial board | July 17, 2024

China leads the charge in global EV adoption, surpassing US And EU

Over the last two decades, the global electric vehicle (EV) market has seen remarkable growth, with…

read more
Electric Vehicles
Global
Published by: Editorial board | July 15, 2024

Innovative battery act regulations to drive sustainable battery use in EU

The European Commission has unveiled comprehensive new regulations under the Battery Act, set to transform the…

read more
Batteries
Europe
Published by: Editorial board | July 15, 2024