Currents Of Change: Battery EVs Surpass Diesel For 1st Time In EU
Portfolio Pulse from Anan Ashraf
Battery electric vehicles (BEVs) surpassed diesel in market share for the first time in the EU, reaching 15.1% in June. Tesla Inc, Volkswagen, and Stellantis NV were notable winners, with Tesla recording a 168% increase in vehicle registrations. This comes after the European Parliament approved a law banning the sale of petrol and diesel vehicles from 2035.
July 19, 2023 | 11:06 am
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POSITIVE IMPACT
Stellantis NV registered approximately 189,000 vehicles in the EU.
The high number of vehicle registrations for Stellantis NV indicates strong demand for its vehicles in the EU, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Tesla recorded the highest growth in vehicle registrations in the EU, with a 168% increase.
The increase in Tesla's vehicle registrations indicates a growing demand for its electric vehicles in the EU, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Volkswagen remained the most popular automaker in the EU, with over 273,000 vehicles registered.
Volkswagen's high number of vehicle registrations suggests strong demand for its vehicles in the EU, which could have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100