Between 2017 and 2022, the trade of electric and hybrid cars in the EU registered a staggering increase, the EU’s statistical office Eurostat announced on Monday (7 November).
In 2022, 42 per cent of the total number of cars imported were electric or hybrid, indicating an increase of 35 percentage points (pp) compared with 2017. The change in exports saw a 24 pp increase in 2022 (26 per cent of the total number of cars exported) from 2017 (2 per cent of the total).
Non-plug-in hybrid cars went from 6 per cent of total car imports and 0.4 per cent of car exports in 2017 to 21 per cent and 13 per cent, respectively, in 2022. Full electric cars represented 15 per cent (+14 pp compared with 2017) of car imports and 9 per cent of exports (+8 pp) in 2022, plug-in hybrid cars represented 7 per cent (+6 pp) of car imports and 4 per cent of exports (+3 pp).
In terms of value, in 2022, the EU spent a total of 37.0 billion euros on imports from extra-EU countries on hybrid and electric cars, an increase of 27 per cent, compared with 2021 (29.1 billion euros). Imports of non-plug-in hybrid cars were worth 16.0 billion euros, followed by full electric cars (12.6 billion) and plug-in hybrid cars (8.4 billion euros).
Exports of the same products to extra-EU countries amounted to 59.1 billion euros in total value, +41 per cent compared with 2021 (42.0 billion euros). Non-plug-in hybrid cars exports totalled 28.5 billion euros, while exports of full electric cars reached 22.4 billion euros and plug-in hybrid cars 8.1 billion euros.
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