Registrations of battery electric vehicles (BEV) continue to fall in the European continent, as sales growth slows in the US and British manufacturing

EV sales hit speed bump as drivers unplug from the electric dream

submited by

Style Pass

2024-08-30 16:30:04

Registrations of battery electric vehicles (BEV) continue to fall in the European continent, as sales growth slows in the US and British manufacturing of the wheeled machines declines sharply.

The EV revolution is showing early signs of running out of charge in Europe, while reports paint a less rosy picture in the US too after consulting firm J.D. Power lowered its sales forecast for EV growth from 12 percent this year to just 9 percent.

According to the European Automobile Manufacturers' Association (ACEA), BEVs accounted for 12 percent of the EU car market in July, down from 13.5 percent the previous year. New registrations of the vehicles dropped by 10.8 percent, with shrinkage in countries such as Germany (down 36.8 percent) offsetting gains elsewhere.

In the UK, there was a healthy 10.5 percent increase in BEV registrations year on year; this was eclipsed by plug-in hybrid electric vehicles (PHEV), which enjoyed a 28.2 percent increase in registrations, and hybrid electric vehicles (HEV), the registrations of which increased by 17.1 percent.