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Diesel is weakening, electric is booming
Although car sales in the EU fell by a total of eight percent in August, new registrations of electric cars rose significantly by 80 percent.
Diesel is weakening, electric is booming
Gerhard Schwartz, Partner and Sector Leader Industrial Products at the auditing and consulting company EY Austria, would actually have expected an even greater decline in registration numbers: “Manufacturers and dealers seem to have driven up new registrations with a large number of their own registrations, at least in some markets.” It is currently difficult to make a reliable forecast for the rest of the year, says Schwartz. In any case, the downward trend in sales of new diesel cars that has been ongoing since 2015 is continuing: new registrations of diesel cars in the five largest EU markets (Germany, Great Britain, France, Italy and Spain) fell by a quarter in August, and by at least 17 percent in Austria. In contrast, the trend towards more new registrations of electric vehicles continues: In August, sales of electric vehicles, including plug-in hybrids, rose by 25 percent in the top 5 markets, and even by 52 percent in Austria.