Around 11 million: the EV market grows despite China's weakness

(dpa) Charging instead of fueling: Electric cars are becoming more popular. Worldwide, new registrations even hit a record - despite stagnation in the largest market China.

Don't worry about insufficient range: Larger batteries, a denser charging network and integrated navigation systems make route planning easier and ensure a reliable power supply. | Photo: Bernd Thissen/dpa
Don't worry about insufficient range: Larger batteries, a denser charging network and integrated navigation systems make route planning easier and ensure a reliable power supply. | Photo: Bernd Thissen/dpa

Worldwide, people are buying more and more electric cars. In the first nine months of this year, there were around eleven million new registrations—a record. That is 12 percent more purely battery-powered electric vehicles (BEVs) than in the comparable period last year, according to an analysis by PwC of the world's leading markets. In the third quarter, the growth was even a bit higher at 16 percent.

Europeans as Drivers

The decisive driver for growth is Europe, as the consultancy notes. There, since the start of the year 2.5 million electric cars have been sold — a rise of 42 percent compared with the previous year. In the by far largest market, China, electric car sales are stagnating at around 6 million. The overall market has shrunk by several million vehicles, which is why the market share of BEVs has increased. The United States stands out from the rest. There, BEV sales fell by 29 percent to 746,000. The market share is now only 6 percent. Here, the combustion engine remains the vehicle of choice.

...and Germany?

In Germany there were 604,000 electric car registrations - 58 percent more than in the previous year. This places Germany worldwide in third place, with the gap to No. 2, the USA, narrowing. Persistently high fuel prices are making internal-combustion cars increasingly unattractive, according to PwC. For consumers, the costs of electricity and fuel are no longer incidental, but significantly influence the purchase decision. Electric-powered cars are, according to the calculations, considerably cheaper to run than diesel or petrol cars.

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