Disclaimer: This information merchandise was up to date with knowledge extracted on 17 October.
Between 2017 and 2023, EU commerce of electrical and hybrid vehicles elevated considerably. In 2023, 44% of the whole variety of vehicles imported into the EU have been electrical or hybrid, indicating a major enhance in contrast with the share noticed in 2017, which was 8%. EU exports jumped from 2% of the whole variety of vehicles exported in 2017 to 27% of the whole in 2023.
Non-plug-in hybrid vehicles went from 6% of the whole EU automotive imports and 0.4% of EU automotive exports in 2017 to 18% and 11%, respectively, in 2023. Full electrical vehicles represented 21% (+20 proportion factors (pp) in contrast with 2017) of EU automotive imports and 11% of EU automotive exports (+10 pp) in 2023, and plug-in hybrid vehicles represented 6% (+5 pp) of EU automotive imports and 4% of EU automotive exports (+3 pp).
Supply dataset: ds-045409
When all 3 classes (full electrical, plug-in hybrid and non-plug-in hybrid) between 2022 and 2023, there was a slight change: the share of non-plug-in hybrid vehicles within the whole variety of EU commerce of electrical and hybrid vehicles decreased, with imports and exports down by 3.1 pp and a pair of.2 pp, after being the most important class in 2022. Alternatively, each imports and exports of full electrical vehicles continued to extend (+5.7 pp and +1.6 pp, respectively).
By way of worth, in 2023, the EU spent €48.3 billion on imports from extra-EU nations on hybrid and electrical vehicles, a rise of 31%, in contrast with 2022 (€37.0 billion). Imports of full electrical vehicles have been value €22.7 billion, adopted by non-plug-in hybrid vehicles (€16.3 billion) and plug-in hybrid vehicles (€9.3 billion).
Exports of the identical merchandise to extra-EU nations amounted to €62.5 billion in whole worth, +6% in contrast with 2022 (€59.1 billion). Additionally in exports, full electrical vehicles ranked first when it comes to worth, with €29.6 billion, adopted by non-plug-in hybrid vehicles with €22.7 billion and plug-in hybrid vehicles with €10.2 billion.
Electrical vehicles have been the biggest class traded among the many hybrid and electrical vehicles in 2023, a change from 2022, when non-plug-in hybrid vehicles have been the principle class.
The highest 3 extra-EU nations from which the EU imported electrical vehicles have been China, with €11.0 billion (akin to 49% of the whole imports for electrical vehicles), adopted by South Korea (€4.4 billion) with a proportion share of 19% and the UK (€2.5 billion) with a 11% share.
The highest 3 primary extra-EU nations for exports have been the UK and the USA, with a 24% share every (€7.2 billion and €7.0 billion, respectively), adopted by Norway with 11% (€3.1 billion).
Supply dataset: ds-045409
