Hyperdrive
Europe Car Sales Rose 18% in May on Soaring Demand for EVs
- Tesla paces 66% surge in electric-vehicle registrations
- Vehicle sales have increased each of the last 10 months
Almost 14% of new cars registered in the first five months of the year were EVs.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
Auto sales in Europe continued their upward trajectory in May, rising for the 10th month in a row as demand for electric cars outpaced the broader market.
New-car registrations increased 18% to 1.12 million vehicles, the European Automobile Manufacturers’ Association said Wednesday. Sales of battery-electric vehicles jumped 66% last month as carmakers benefited from improved supply of components, though some pockets of shortages remain.