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Big bounce in European EV sales in September

Posted on - 14 Nov 2022

Category - Data update

There was a substantial bounce in European EV sales in September, with sales up 56% m/m. While some of this was down to the lumpy nature of Tesla deliveries (41,500 vehicles delivered for the month), there was also an acceleration in non-Tesla sales. Given that consumer appetites have not changed, we posit that this is most likely a fleet demand event, and caution that it is most likely a one-off. We’re not really expecting a material re-acceleration in European EV sales in the near-term. And, indeed, if one looks at the seasonality, one can see that September is normally a...

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BYD China Europe EV sales EVs Tesla