Logo of Phnom Penh Post newspaper Phnom Penh Post - US overtakes Europe as 2nd largest market for electric cars

US overtakes Europe as 2nd largest market for electric cars

Content image - Phnom Penh Post
Tesla Inc co-founder and CEO Elon Musk arrives in a modified Tesla Model X electric vehicle during an unveiling event for the Boring Co Hawthorne test tunnel in Hawthorne. ROBYN BECK/POOL/AFP

US overtakes Europe as 2nd largest market for electric cars

THE US overtook Europe to become the world’s second largest market for electric cars last year, according to a report on Wednesday that accused EU carmakers of holding back sales ahead of new emissions rules.

China remained in the top spot last year with more than a million electric vehicles (EV) sold, followed by the US with 361,000 and Europe with 302,000, according to an analysis by clean energy campaign group Transport and Environment.

The Brussels-based group said Europe’s results were depressed because European car companies were delaying sales ahead of new strict EU emissions limits kicking over the next couple of years.

It pointed to the delayed launches of seven all-electric models in Europe as well as the fact that fewer new battery electric and fuel cell models were introduced last year than in 2017.

“EU carmakers have seen electric cars as a necessary evil to comply with regulation and evidence shows they’ve been suppressing supply and sales in 2018, in an attempt to protect their diesel business,” said Transport and Environment analyst Lucien Mathieu.

“Meanwhile China is racing ahead and even [US President Donald] Trump’s America has now overtaken Europe thanks to the Tesla-fuelled EV sales boom.”

The new EU emissions limits, as well as Volkswagen’s pollution-cheating “dieselgate” scandal, has caused demand for diesel-powered vehicles to plummet in Europe.

Automakers will risk being hit with heavy fines if they do not meet the more severe EU limits next year and in 2021.

Transport and Environment said the US surpassed Europe due to a 120 per cent surge in sales in the last three months of last year, while Europe had a 33 per cent rise over the same period.

But Mathieu said Europe’s electric car market was still showing positive signs for long-term growth.

“The car industry is gearing up to comply with the 2020-21 CO2 standard and will soon start boosting the sales of plug-in cars,” he said.


  • Municipal hall releases map detailing colour coded Covid risks by commune

    Phnom Penh municipal governor Khuong Sreng released an official map detailing the red, yellow and dark yellow zones within the city under the new lockdown orders for Phnom Penh announced on April 26. The designation of red, dark yellow and yellow corresponds to areas with high,

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • SBI LY HOUR Bank Launches Cross Border Money Transfer Service between Cambodia and Vietnam on RippleNet, utilizing DLT

    SBI LY HOUR Bank Plc and Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank) on Friday launched the first Cambodia-Vietnam money transfer service in real currency via RippleNet, provided by SBI Ripple Asia Co Ltd to provide safe, fast and convenient services. SBI LY HOUR

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Cambodia ready to exit LDC status

    Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week to explore potential

  • Tottenham Hotspur to wear ISF Cambodia logo on jerseys in match against Sheffield United

    Last year, the Indochina Starfish Foundation (ISF) – an NGO providing education to underprivileged children in Cambodia – made global headlines with its “socially distanced” football initiative. This year, a world-class football club – Tottenham Hotspur FC – will wear special edition jerseys to show their support for ISF