Not surprisingly, car sales have actually dropped due to the current health crisis. As the region of the world most affected by this pandemic, Europe is logically the most impacted in terms of sales. However, on closer inspection you realize that the whole market is not being impacted in the same way. Indeed, electric vehicles and plug-in hybrid cars have even increased their market share in the EU, from 7% in April 2019 to 17% in April 2020. Without doubt, this increase comes from the aid put in place by some European states. However, Bloomberg is right to point out that this increase in sales should go a long way in helping automakers meet their emissions targets.
Jato Dynamics recently released a report that says the European auto market has had its lowest sales in 38 years, while the number of registrations has dropped 52% from the same time last year. In this historic chaos, only hybrid cars saw a 7% increase in sales. In comparison, sales of electric cars fell 29%, while sales of gasoline and diesel cars plummeted 78%.
In Europe, the Tesla Model 3 remains the most popular electric car. However, this increase in sales also comes from many other manufacturers such as Mercedes, Volkswagen, BMW, Hyundai, Volvo and even Suzuki. Here's what it is for the US market according to Jato Dynamics: "The growth of the US vehicle market slowed last year after many years of strong growth. "At the start of the year, we expected the market to experience slow stagnation, but is now more likely to decline at a faster rate due to the impact of the global pandemic."