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In June, new car registrations in the major European countries were significantly higher than the corresponding figures of the previous year. New registration numbers for January to June also surpass the previous year’s numbers.
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In five short years, new BEV launches have risen from 6% in 2018 to 70% in 2023, according to a recent Dataforce analysis.
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Fleets lead the growth in the European LCV market, registering a 12.5% increase January to April 2023 compared to same period last year, according to new analysis by research firm Dataforce.
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The Dataforce study, involving 350 fleet managers and 2,000 private individuals, investigated new forms of fleet acquisition and the increasing importance of transport sustainability in changing users’ mobility behavior.
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In recently released report, analysts at German-based Dataforce believe that although “high electricity prices and fewer incentives to buy will make electric mobility less attractive next year,” good reasons support an expanding BEV market in 2023.
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While the fleet market gave Germany’s passenger car market its first positive result since February, other market segments developed more cautiously.
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Noting that the plans of vehicle manufacturers are an important indicator, the Dataforce study reported “almost all brands have already publicly communicated plans and indicated time periods from which they want to offer exclusively fully electric vehicles.”
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Can the European car market recover in 2022? How will electrification continue, and which trends will determine market dynamics? In this report from Dataforce, several experts weigh in on the new year's prospects.
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The Covid-19 pandemic and semiconductor shortage have disrupted the trend towards self-registrations in Europe. The Dataforce analysis of market channels in new registrations figures explains the pre-crisis trend and the changes in the last two years, along with the differences between market and brand strategies.
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With the increased amount of packages and groceries being delivered to European homes, the need for clean commercial vehicles is increasing. Also, the fact that a lot of cities must improve inner city emissions to comply with emission regulations is adding to the pressure.
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