Electric vehicles were once seen as impractical and unnecessary by millions of consumers globally. Today, automakers offer a wide variety of electric vehicle options that provide enough driving range to satisfy the average driver. EV technology is only improving with time, and the world is seeing great benefits from its new popularity. Countries have combined their efforts in an attempt to reduce carbon emissions globally by enacting legislation and making goals. Electric vehicles just outsold diesel vehicles for the first time ever in Europe. Here’s what that means for the future of the automotive industry.
Electric vehicles are a hit in Europe, is the world about to get much greener?
Electric vehicle sales may only account for a tiny percentage of new vehicle sales in the United States, but Europe is another story. In 2015 The Paris Agreement was created as an international treaty to combat climate change. This agreement means that countries are sharing resources like money and technology to help slow down the global warming process caused by the burning of fossil fuels.
While The Paris Agreement is far from its goals, countries have worked together to create low-carbon solutions and new industries centered around alternative fuel sources. According to The New York Times, electric vehicles outsold diesel vehicles in December. In 2015, over half of all new vehicles sold in Europe were diesel vehicles. In December of 2021, less than 19 percent of new vehicles sold were diesel vehicles.
Diesel vehicle sales have drastically declined because of the increased price of fuel and the wide array of alternatives available. EVs like the Volkswagen ID.4 have been selling incredibly well. These types of vehicles are more affordable to refuel and are championed as being safer for the environment.
What does growing electric vehicle sales in Europe mean for the rest of the world?
Growing electric vehicle sales in Europe means that EVs are increasing in popularity thanks to marketing campaigns and the combined efforts of European countries. This is overall positive news for the entire automotive industry as we move toward a more environmentally sustainable market. EV sales are increasing in Europe, China, and the U.S.
American President Joe Biden has ambitions for 50% of new vehicles sold in America to be electric vehicles. Automakers have agreed on a more conservative 40% as a goal for the coming decade. Automakers like Toyota have announced huge electric vehicle lineups. Growing EV sales in Europe means that the entire automotive landscape is changing in real-time.
Is now the time to buy a brand new EV?
There has never been a better time to buy a new EV in history. The United States provides electric vehicle tax incentives so the vehicles can be affordable for the average American consumer. If you’re looking for a new EV, the Ford Mustang Mach-E electric SUV is one of the best options on the market.
The electric SUV is spacious enough for a small family. It has great acceleration, and it’s incredibly stylish. The Ford Mustang Mach-E is also very affordable after EV tax credits. The 2022 model year starts at $43,895. Its price becomes $36,395 after incentives.