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Europe Car Forecasts Turn Negative, While Electric Sales Growth To Stall

Posted on May 10, 2022 by News Admin

Sales prospects for cars and SUVs in Western Europe are fading fast with forecasts dropping into negative territory as economic prospects weaken, and even the rock-solid electric car revolution is likely to take a breather over the next couple of years.

Western Europe’s battery-electric vehicle (BEV) sales more than doubled in 2020 to just under 750,000 and jumped again in 2021 with sales of 1,143,000 or 10.3% of the market. At the start of the year, LMC Automotive was confidently predicting sales would bound ahead by a healthy 8.6%. Western Europe includes all the big markets of Germany, Britain, France, Spain and Italy.

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