Despite the lockdowns imposed because of the coronavirus pandemic, hybrid, as well as electric cars, have increased sales in Europe in April. It comes as good news to the carmakers as they might avoid paying fines for not reducing the average emissions of their vehicles.
From the data collected by Jato Dynamics, 17% of all car sales in the European market consists of plug-in hybrid cars as well as battery-electric cars. It shows a considerable increase compared to 7% in April 2019.
As car sales fall dramatically, it is notable that most European buyers will opt for either an electric or hybrid car. In April 2019, total car sales were 1.34units, including the diesel and petrol models. These units have fallen to 2929,600 cars in April 2020, according to Jato.
When compared to last year’s sales, battery electric car sales fell by 29%, which is far better compared to the 78% decrease in petrol and diesel cars in the market. The plug-in hybrid cars had a 7% increase in sales, said Jato. The companies that benefited most from the significant growth are Volvo, Volkswagen, and Ford.
As the showrooms in Europe and the UK reopen for the Covid-19 crisis, an increase of battery electric cars and plug-in hybrid cars, the automobile manufactures could reduce emissions, thus meeting the required targets. The total number of units sold in the UK and Europe determines the average emissions targets from 2020 to 2021.
According to Felipe Munoz, an analyst at Jato, governments are acting to protect their economies and their people. Due to this, electric vehicles have more traction as well as visibility due to incentives. This trend is due to the small growth that remained in 2019, being driven by electric cars.
The analyst predicts that the emission targets would be achieved mainly with sales of vehicles that emit huge amounts of CO2. This prediction concurs with the increase of plug-in hybrid sales in the European Market.
Vehicle manufactures are pushing the UK and European Union for the introduction of more subsidies that support the car manufacturing industry. Notably, according to the European Automobile Manufacture’s Association, this industry manages to employ 13.8 million people across Europe.
Environmental campaigners and politicians are pushing for prioritization of the electric car model development due to the health reasons imposed by the public transportation sector. However, car manufacturers, as they push to apply for electric car subsidies, the carmakers are also struggling to apply for fossil-fuel car subsidies. This move is sparking protests from politicians and environmental campaigners.