EU car sales to grow 7.9% in 2022 as chip supply stabilizes: report

The European Automobile Manufacturers Association (ACEA), representing Europe’s 16 major automakers, said it would follow a 2.4 percent drop in 2021 due to semiconductors shortages.


While European car sales are set to increase, it will still be some 20% below 2019 pre-pandemic levels

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While European car sales are set to increase, it will still be some 20% below 2019 pre-pandemic levels

The European Automobile Manufacturers Association (ACEA) said on Tuesday that EU car sales are expected to increase by 7.9 percent this year as semiconductor supply problems ease, but still somewhat below 2019 pre-pandemic levels. 20% down. The consortium, which represents 16 major Europe-based automakers, said it would follow a 2.4 percent drop in 2021 due to shortages in semiconductors, especially during the second half of last year.

ACEA’s statement comes on a day the European Commission is set to propose the European Chips Act, which is designed to boost semiconductor research and production in Europe and reduce dependence on a single country or region.

ACEA said in a statement that chip supplies were expected to stabilize in 2022, increasing passenger car registrations in the EU to 10.5 million vehicles.

The Association urged the EU to reduce its reliance on foreign suppliers to avoid damage to strategic European industries in the future.

ACEA also pointed to electrically chargeable vehicles, which now account for one out of every five new cars sold in the EU, and welcomed the demonstration, saying the pace of the roll-out of the charging infrastructure was lagging.

ACEA President and BMW Chief Executive Oliver Gipsey said, “Electric car sales increased more than 10-fold between 2017 and 2021, while the number of public chargers in the EU increased by less than 2.5-fold. “

“If this situation is not addressed urgently by introducing ambitious targets for all EU member states, we will very soon hit a roadblock.”

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The EU is also considering a proposed alternative fuel infrastructure regulation, which ACEA said needs to be strengthened in order for Europe to build a sufficiently dense charging network.

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