BERLIN (Euronews) - Sales of electric cars have dropped off particularly in Germany as government financial incentives for electric vehicles slowed down. Consumers are also spending less amid fears of problems with the economy.
Electric car registrations for the European Union in July saw a fall of 10.8%, according to newly released figures from the European Automobile Manufacturers’ Association (ACEA). A total of 102,705 electric cars were sold in July, with the market share falling to 12.1% compared with 13.5% for the same month last year.
European Union passenger car registration numbers for July rose 0.2% year-on-year to 852,051 units, the ACEA revealed. It was the second consecutive month of growth although a much smaller rise than the 4.3% increase seen in June.
For the seven months until the end of July, car registrations increased 3.9% year-on-year to a total of more than 6.5 million sales, with electric car registrations accounting for 12.5% of the total market share.