Sales growth of EVs dimmed across major EU markets in H1 2018

Sales growth of EVs dimmed across major EU markets in H1 2018

According to a Tuesday disclosure by EY consultancy, the growth of sales of electric-vehicles (EVs) and plug-in hybrid car across the major European Union (EU) markets recorded a year-on-year drop in the first half of 2018.

As per EY, the main reasons for the decline in EV and plug-in hybrid sales growth in EU’s leading markets were the battery limits of these vehicles and an inadequate charging infrastructure.

Going by the figures disclosed by EY, registrations of EVs in the EU recorded an increase of 33 percent during the January-June 2018 period. In comparison, the increase in EV registrations recorded in the EU during the same six-month period in 2017 was 54 percent.

In reporting the dimmed EV sales growth in the EU during January-June 2018, EY has also pointed out that even though the EV demand was quite strong the EU’s biggest auto market Germany, it could not counterbalance the meek demand in the UK, which is the EU’s second-biggest auto market.

Against the backdrop of the EY report, the consultancy’s partner Peter Fuss said in a statement that EVs are “a niche product” as of now, and added: “Charging infrastructure remains inadequate and the models currently available mostly don’t offer a good enough range.”