Sales of electric cars are booming in Europe and as they become ubiquitous, some home truths will be unavoidable.
According to Brussels-based green lobby group Transport & Environment (T&E), sales of mainly battery electric vehicles (BEV), and plug-in hybrid electric vehicles will account for 10% of sales in Europe this year, and 15% next year. That compares with just 3% in 2019.
The surge in mainly BEVs compares with the disastrous but probably temporary dive in internal combustion engine (ICE) powered vehicles. But the rapid acceleration in sales means electric cars are moving away from early adopter buyers who are rich, to more mainstream and value seeking sections of the market.
These “cheaper” BEVs still cost more than twice as much as their ICE equivalents