In the third quarter of 2022, the sales of passenger cars and electric vehicles in Europe increased

The latest research from Counterpoint shows that the sales of European passenger vehicles (EV) will increase by 17% year-on-year in the third quarter of 2022. In this quarter, battery electric vehicles (BEVs) accounted for 61% of the total sales of electric vehicles. Germany is the largest market in the region, accounting for 1/3 of the total market, followed by Britain and France.

Market overview

In the third quarter of 2022, Mercedes-Benz continued to lead the European electric vehicle market with a share of 9.2%. Electric vehicles accounted for 35% of its total sales of electric vehicles, up 75% year on year. Its plug-in hybrid electric vehicle (PHEV) models include GLE, GLC and C; The best-selling BEV models are EQB, EQA and EQC. Although Mercedes-Benz is in the leading position in the sales of electric vehicles in Europe, it has failed to gain a place in the top ten best-selling models. Mercedes has 20 models to choose from, which is the largest among all automakers, but the sales of most models are less than 1%.

The sales volume of Volkswagen in the second quarter was hit, and the sales volume of electric vehicles fell 44% year on year. However, its supply chain recovered in the third quarter, overtaking BMW to become the second largest electric vehicle brand, with a market share of 8.9%. Its BEV models are led by the ID series, including ID.3, ID.4 and ID.5 models. The shipment volume of PHEV models increased significantly.

BMW dropped to the third place with 8.6% sales share. Its pure electric vehicle series accounts for 45% of its electric vehicle sales. The best-selling BEV model is i3, followed by i4 and iX. The X5 is its best-selling PHEV model, followed by the 3 series and X3.

Among other best-selling brands, Tesla's sales increased significantly compared with the previous quarter, and once again entered the top five brands. In September, Model Y was the best-selling electric vehicle model in Europe, accounting for 70% of Tesla's sales.

In the third quarter of 2022, the top ten electric vehicle models in Europe accounted for about 27% of the electric vehicle market. The best-selling electric cars are Tesla Model Y, Volkswagen ID. 4 and Ford Kuga.