European Automotive Industry in the Century of Asia

The increase in registrations in the EU is well reflected in the quarterly data, with a sharp rise in registrations of new passenger electric vehicles, especially in Q4 2021 and Q4 2022. The trend is apparent even though many car manufacturers struggle with component shortages or direct supply chain disruptions. Fig. 2.6: Quarterly registrations of new full-electric battery passenger vehicles in the EU

Source: ACEA; selected countries with the most registrations and Czechia Plug-in hybrids face a similar situation to all-electric passenger cars, with an annual increase of nearly 71% in the EU in 2021 but only 1.2% in 2022, according to ACEA. The drop was mainly caused by a decline in leading economies; for instance, Sweden saw a 14% drop between 2021 and 2022, and France 10%.

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