Despite another month of double-digit sales growth from electric cars in Western Europe - with AID’s exclusively compiled figures showing a near one-third jump in September registrations - the sector’s underlying rate of advance has progressively slowed as the year wore on. It suggests that this year’s remaining 4th quarter could see more of the same
AID figures reveal that underlying demand for electric cars in Western Europe has now slowed down in six of the last seven quarters, tempting AID forecasters to the cautious prediction that this year’s final fourth quarter will be no exception.
After four successive quarters of slowing growth in 2014, during the current year the underlying electric car sales trend continued much in the same manner.
Whereas this year’s first and second quarter kicked off with respective growth of 57 and 55.5 per cent, the rate of advance in the third quarter slowed to 38.4 per cent.
This marks the second slowest quarterly growth in two years.
Barring the totally unpredictable on the crucial electric car subsidy front, and three-quarters through the current year, AID forecasters now believe that this year’s electric car sales remain
on course to reach a likely 86,000 units - the annualised sales rate in the first nine months of the
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