Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Market share for diesel-fueled vehicles in Europe fell to 20.4pc in Q2 2021 compared to 29.4pc in Q2 2020 and dropped for petrol-powered cars to 41.8pc in Q2 2020 from 51.9pc annually, according to European Automobile Manufacturers Association (ACEA).


Although the demand for vehicles increased in the EU and the registration for petrol and diesel powertrains increased by 25.3pc and 7.8pc respectively, their overall market shares plummeted in the pandemic. 


This indicated that the demand for Alternatively Powered Vehicles like Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), Natural Gas vehicles (NGV) and LPG fuelled vehicles increased this year compared to last year, ACEA stated. 


BEV’s sales in the second quarter of the year rose by 231.6pc to 210,298 units compared to the same period in 2020 while PHEV registration jumped up by 255.8pc to 235,730 vehicles in Q2 2021 annually. 


Registration of HEV surged by 213.5pc in Q2 2021 to 541,162 units compared to the same quarter in 2020 and NGV saw a 41.8pc rise to 13,497 vehicles. LPG fueled vehicles grew by 134.1pc to 59,363 vehicles in Q2 2021 annually, ACEA reported.



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