EU finalises sunset period for petrol and diesel vehicles. Starting in 2035, the EU will ban the sale of petrol and diesel new cars. However, there are exemptions for small manufacturers. Niche automakers producing 1,000 to 10,000 cars a year will receive a one-year exemption until 2036. More exclusive brands producing under 1,000 units are safe for now.
So far, the EU has 27 countries. There are also a lot of people who want to join. Albania, Moldova, the Republic of North Macedonia, Montenegro, Serbia and Turkey are all candidate countries. That is to say, by 2035, it is very likely that there will be more than 27 countries.
Is this decision crazy? What was your first thought? Could this be a major opportunity for Chinese EVs in the European auto industry? Including BYD, Hongqi and Weilai, etc. have already landed in the European market. To gain a firm foothold, it will take time to verify.
How will Japanese cars respond? Will you stick with fuel cars? Can it fit into Europe’s electrification path?
In fact, many European auto companies have embarked on the road of de-fueling and zero-emission without hesitation. Volkswagen has announced that it will stop the production of gasoline-powered vehicles in the European market from 2023. Jaguar says it will say goodbye to gasoline cars as early as 2025. The second-largest auto group, Stellantis Group, has the opportunity to spend a lot of time in 2030 to realize that all cars sold by the group in Europe are pure electric models. Its brands include Alfa Romeo, Peugeot, Citroen and Jeep.
In September 2022, European car sales increased by 9% year-on-year. Among them, plug-in passenger vehicles (including PHEVs and BEVs) sold nearly 250,000 units, an increase of 7% from a year ago. The market share reached 24%, almost a quarter of the share. About 165,000 BEVs were sold, an increase of 16% year-on-year. The growth in BEV is much larger than average. About 16% of the passenger car market. While the growth was not explosive, it was quite positive. And the Tesla Model Y became the best-selling car in Europe in September, with 29,595 sales.