E-cars are currently in the fast lane around the world.
Munich In the third quarter of 2021, the number of newly registered electric cars in the world’s most important auto markets rose significantly. According to a market analysis published by the management consultancy PwC Strategy &, the plus in 14 car markets examined was a total of 123 percent compared to the same quarter of the previous year.
Once again, China is the big driver. With 782,000 newly registered electric vehicles in Q3, the Middle Kingdom recorded an increase of 190 percent. This means that more BEVs have come onto the streets in China than vehicles of all drive types in Germany as a whole (626,672) over the same period.
The increase in BEVs in the five most important car markets in Europe with a total of 53 percent is also remarkable. If you add PHEVs and hybrids to the BEVs, the market share of electrified cars has risen from 8 percent in 2019 to 38 percent in the Big Five in Europe.
The distribution of the various electric drives varies considerably from region to region. In Germany in particular, the hybrid still dominates (16.6 percent market share), but PHEVs (11.9 percent) and BEVs (11.7 percent) have caught up a lot in the last twelve months, with the growth of fully electric vehicles being stronger recently.
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According to PwC analysts, Germany achieved a particularly strong 63 percent increase in BEV compared to the rest of Europe. Italy even recorded a plus of 122 percent here.
Volkswagen benefits, tax revenues decline
Some corporations have particularly benefited from the current EV boom. In Europe as a whole, for example, Volkswagen increased its BEV sales by 81 percent compared to the third quarter of 2020. There is currently a clear change in paradigm in drive types. For 2019, the market shares of combustion vehicles and e-vehicles in Europe’s top five were 92 to 8 percent.
By the end of Q3 2021, this ratio had shifted to 62 to 38 percent. The market analysts already see parity within reach.
In the USA the development is less dynamic. With 91.6 percent, combustion engines are still the drive of choice there. However, the e-market share has increased from 4.7 to 8.4 percent compared to the previous year. In the case of electric vehicles, the market share of hybrids is highest at 5.1 percent. BEVs come to 2.4 percent, PHEVs to 1.0 percent.
With the growing importance of e-cars in numerous European markets, according to PwC Strategy, revenues from mineral oil tax will also decrease there. In view of the potential losses for the state coffers, the analysts expect a decline in the currently partly generous state subsidies for e-vehicles.
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