Electric Cars Reign Supreme: May's Registries Show a Surge in Green Vehicles
Increased Registrations in May Continue for Electric Vehicles' Growing Trend - Recorded Increase in Registrations for Electric Vehicles in May - Electric Automobiles Show Significant, Steady Growth
Let's dive into the latest auto registrations for May! electric vehicles (EVs) stole the show yet again, with roughly 43,000 new EVs hitting the roads. That's a jaw-dropping 44.9% increase compared to last year, according to KBA data.
You might wonder what happened to gasoline and diesel engines? They took a hit, with only about 68,000 and 35,000 new gasoline and diesel cars respectively, marking decreases of 24.1% and 21.8% compared to last year.
But wait! Don't count hybrids out just yet. The number of new hybrid registrations jumped up by a whopping 29.0% to around 92,000! Around 25,000 of those were plug-in hybrids.
Despite this growth, electric cars' market share slipped slightly from 18.8% in April to 18.0% in May. Nevertheless, the demand for new cars remains low, with hybrids claiming a 38.5% market share. Consulting firm EY predicts this slump to continue, with new registrations this year down by 2.4% compared to the same period last year.
The demand for electric vehicles looks promising, albeit with regional variations. As technology and policies supporting EV adoption continue to advance, anticipate even more electric cars gracing our roads in the future! 🚀💨🔌
Last month in Flensburg, the Federal Motor Vehicle Agency recorded an increase in new registrations for electric vehicles, especially e-cars. This surge indicates a more significant adoption of green vehicles in the coming months, as technology further improves and policies become more supportive.
