Electric&nbsp;cars, the key to reducing emissions and meeting climate change goals, have boosted their market share in Europe, data showed Friday, as the region prepares to abandon petrol and diesel.

Battery&nbsp;electric&nbsp;vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European Automobile Manufacturers' Association (ACEA) which groups together major car firms.

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All-electric&nbsp;vehicles accounted for 7.5 per cent of new car sales in Europe in the three months from April through June, against 3.5 per cent during that period last year.

In absolute terms, sales of battery&nbsp;electric&nbsp;vehicles more than tripled across Europe to reach 210,298&nbsp;cars.

The ACEA said there were substantial gains in the region's top four markets, led by sales more than quadrupling in Spain and Germany.

The publication of the data comes a week after the European Commission unveiled plans for what amounts to an effective ban on sales of new petrol and diesel vehicles from 2035.

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It believes such a move is necessary for Europe to meet its goal of becoming carbon neutral by mid-century and&nbsp;meet its goals under the 2015 Paris accord that aims to limit the global rise in temperatures.

The ACEA also found sales jumped of different types of hybrid vehicles, which are seen by some as a transitional technology as they can reduce emissions from standard petrol or diesel vehicles.&nbsp;

"Plug-in hybrid&nbsp;electric&nbsp;vehicles (PHEVs) had an even more impressive second quarter of 2021, with registrations jumping by 255.8 percent to 235,730 units," said the ACEA. That took their market share to 8.4 per cent.

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The slump in petrol&nbsp;cars&nbsp;

Sales of hybrids that cannot be recharged from power mains also&nbsp;more than tripled to 541,162 vehicles, remaining the largest category of alternatively-powered&nbsp;cars&nbsp;with a 19.3 per cent market share.&nbsp;

Meanwhile, registrations of new petrol and diesel vehicles increased given the low number of vehicles sold in the second quarter last year, when many European countries had severe restrictions on businesses due to the pandemic.

But in terms of market share, which shows the relative weight of the current choices being made by consumers, both petrol and diesel saw huge drops.

Diesel saw its market share plunge to 20.4 per cent from 29.4 per cent.&nbsp;

Petrol, which still claimed a majority of sales in the second quarter of last year with a 51.9 per cent of market share, saw a bigger slump to 41.8 per cent.

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The data also comes as a growing number of automakers are unveiling their plans to shift to all-electric&nbsp;vehicles as policymakers indicate the days of internal combustion engines are numbered.

Daimler was the latest, announcing Thursday that from 2025 it would introduce only&nbsp;electric&nbsp;new car platforms as it prepares to be ready to make a complete shift by 2030.

Electric cars, the key to reducing emissions and meeting climate change goals, have boosted their market share in Europe, data showed Friday, as the region prepares to abandon petrol and diesel.

Electric cars, the key to reducing emissions and meeting climate change goals, have boosted their market share in Europe, data showed Friday, as the region prepares to abandon petrol and diesel. Battery electric vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European Automobile Manufacturers' Association (ACEA) which groups together major car firms. Also read | Electric cars will cost less than gasoline automobiles by 2027 All-electric vehicles accounted for 7.5 per cent of new car sales in Europe in the three months from April through June, against 3.5 per cent during that period last year. In absolute terms, sales of battery electric vehicles more than tripled across Europe to reach 210,298 cars. The ACEA said there were substantial gains in the region's top four markets, led by sales more than quadrupling in Spain and Germany. The publication of the data comes a week after the European Commission unveiled plans for what amounts to an effective ban on sales of new petrol and diesel vehicles from 2035. Also read | Renault seals electric car battery deals with Envision, Verkor It believes such a move is necessary for Europe to meet its goal of becoming carbon neutral by mid-century and meet its goals under the 2015 Paris accord that aims to limit the global rise in temperatures. The ACEA also found sales jumped of different types of hybrid vehicles, which are seen by some as a transitional technology as they can reduce emissions from standard petrol or diesel vehicles. "Plug-in hybrid electric vehicles (PHEVs) had an even more impressive second quarter of 2021, with registrations jumping by 255.8 percent to 235,730 units," said the ACEA. That took their market share to 8.4 per cent. The slump in petrol cars Sales of hybrids that cannot be recharged from power mains also more than tripled to 541,162 vehicles, remaining the largest category of alternatively-powered cars with a 19.3 per cent market share. Meanwhile, registrations of new petrol and diesel vehicles increased given the low number of vehicles sold in the second quarter last year, when many European countries had severe restrictions on businesses due to the pandemic. But in terms of market share, which shows the relative weight of the current choices being made by consumers, both petrol and diesel saw huge drops. Diesel saw its market share plunge to 20.4 per cent from 29.4 per cent. Petrol, which still claimed a majority of sales in the second quarter of last year with a 51.9 per cent of market share, saw a bigger slump to 41.8 per cent. The data also comes as a growing number of automakers are unveiling their plans to shift to all-electric vehicles as policymakers indicate the days of internal combustion engines are numbered. Daimler was the latest, announcing Thursday that from 2025 it would introduce only electric new car platforms as it prepares to be ready to make a complete shift by 2030.

Sales of electric cars charge ahead in Europe

The demand for millions of barrels of oil every day may soon be wiped out by electric cars. According to recent figures, the number of electric vehicles on the world’s roads is set to increase from 11 million vehicles to 145 million by the end of the decade.

According to an International Energy Agency (IEA) report, as a method to achieve global climate targets; if governments around the world, agree to encourage the production of low-carbon vehicles, there could be 230 million electric vehicles worldwide by 2030.

Sales in the first quarter of the year 2021 were more than 2.5 times or 250 per cent higher than in the same months last year, found IEA’s first global report on electric vehicles.

In 2020, a record three million new electric cars were registered around the world, bringing the total number of electric cars to 10 million, despite the economic slowdown, which has caused the global car industry to shrink by 16 per cent. In addition, the number of other electric vehicles like electric vans, heavy trucks and buses stand at approximately one million.

This increase in the number of electric cars is expected to have significant implications on oil companies,&nbsp;as the profits&nbsp;they make from producing crude depend on the demand for transport fuels.

By 2030, Electric vehicles could potentially remove the requirement of approximately two million barrels a day of diesel and petrol, and save the equivalent of 120m tonnes of carbon dioxide.

If governments were to increase their ambition for electric road transport by aligning them with global climate targets, doubling the carbon savings these vehicles could displace about 3.5m barrels of oil a day.

According to IEA reports, with $120 billion consumer spending on electric vehicles last year, a 50 per cent&nbsp;increase in spending was witnessed as compared to 2019. This boom has multi-billion-dollar implications for the global automotive industry. &nbsp;Last year also witnessed carmakers offering 370 electric models to the market, an increase of 40 per cent from 2019 numbers.

IEA’s executive director, Fatih Birol said, "Current sales trends&nbsp;are very encouraging&nbsp;but our shared climate and energy goals call for even faster market uptake," said.

The IEA report calls for "stronger ambition and action from all countries", calling the production of sufficient electric vehicles to put the world on the course to meet its climate targets, a "formidable challenge".

The demand for millions of barrels of oil every day may soon be wiped out by electric cars. According to recent figures, the number of electric vehicles on the world’s roads is set to increase from 11 million vehicles to 145 million by the end of the decade.

The demand for millions of barrels of oil every day may soon be wiped out by electric cars. According to recent figures, the number of electric vehicles on the world’s roads is set to increase from 11 million vehicles to 145 million by the end of the decade. According to an International Energy Agency (IEA) report, as a method to achieve global climate targets; if governments around the world, agree to encourage the production of low-carbon vehicles, there could be 230 million electric vehicles worldwide by 2030. Sales in the first quarter of the year 2021 were more than 2.5 times or 250 per cent higher than in the same months last year, found IEA’s first global report on electric vehicles. In 2020, a record three million new electric cars were registered around the world, bringing the total number of electric cars to 10 million, despite the economic slowdown, which has caused the global car industry to shrink by 16 per cent. In addition, the number of other electric vehicles like electric vans, heavy trucks and buses stand at approximately one million. This increase in the number of electric cars is expected to have significant implications on oil companies, as the profits they make from producing crude depend on the demand for transport fuels. By 2030, Electric vehicles could potentially remove the requirement of approximately two million barrels a day of diesel and petrol, and save the equivalent of 120m tonnes of carbon dioxide. If governments were to increase their ambition for electric road transport by aligning them with global climate targets, doubling the carbon savings these vehicles could displace about 3.5m barrels of oil a day. According to IEA reports, with $120 billion consumer spending on electric vehicles last year, a 50 per cent increase in spending was witnessed as compared to 2019. This boom has multi-billion-dollar implications for the global automotive industry. Last year also witnessed carmakers offering 370 electric models to the market, an increase of 40 per cent from 2019 numbers. IEA’s executive director, Fatih Birol said, "Current sales trends are very encouraging but our shared climate and energy goals call for even faster market uptake," said. The IEA report calls for "stronger ambition and action from all countries", calling the production of sufficient electric vehicles to put the world on the course to meet its climate targets, a "formidable challenge".

Increased demand for electric vehicles can affect oil market: Study

Over 400,000 people in Germany will lose their jobs by 2030 due to the country's <a href="http://wionews.com/business-economy/electric-cars-on-indian-roads-by-2030-india-to-get-lithium-for-batteries-from-bolivia-206942">shift to electric vehicles</a>, local media reported on Monday.

According to the report, around 88,000 jobs will be at risk in engines and transmissions' production alone, Germany' daily reported citing a National Platform for the Future of Mobility (NPM), an advisory council for the government.

According to the report, 410,000 people will lose their jobs in total by the end of this decade.

The report also said that the NPM group is working to form a strategy to ensure minimum people lose their jobs. The group has called for strategic personnel planning and urged for an employment agency, training providers and companies to work together to stem losses.

Watch | Highlights from WION E-Mobility Summit

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Electric cars' engines are made of fewer parts and require less maintenance than a combustion engine. While at least 1,200 parts are installed in a combustion engine, only about 200 are needed for an electric car, the report said while explaining reasons behind the job layoffs.

Vehicle production will be further automated and will not be sufficient to support the current level of jobs, the local newspaper said, citing NPM's Chairman Henning Kagermann.

In 2018, employment in the car industry in Germany reached 834,000, its highest since 1991.

Amid the climate change debates, the European Union is pushing towards reducing the carbon dioxide emissions resulting in countries adapting plans to launch electric vehicles.

In 2019, the German carmaker Volkswagen had also said it would cut as many as 4,000 jobs in Germany as part of their digital transition.

"We are making the company fit for the digital age in a sustainable way," VW brand Chief Operating Officer Ralf Brandstaetter had said in a statement.&nbsp;

Over 400,000 people in Germany will lose their jobs by 2030 due to the country's shift to electric vehicles, local media reported on Monday. According to the report, around 88,000 jobs will be at risk in engines and transmissions' production alone, Germany' daily reported citing a National Platform for the Future of Mobility (NPM), an advisory council for the government.

Over 400,000 people in Germany will lose their jobs by 2030 due to the country's shift to electric vehicles, local media reported on Monday. According to the report, around 88,000 jobs will be at risk in engines and transmissions' production alone, Germany' daily reported citing a National Platform for the Future of Mobility (NPM), an advisory council for the government. According to the report, 410,000 people will lose their jobs in total by the end of this decade. The report also said that the NPM group is working to form a strategy to ensure minimum people lose their jobs. The group has called for strategic personnel planning and urged for an employment agency, training providers and companies to work together to stem losses. Watch | Highlights from WION E-Mobility Summit × Electric cars' engines are made of fewer parts and require less maintenance than a combustion engine. While at least 1,200 parts are installed in a combustion engine, only about 200 are needed for an electric car, the report said while explaining reasons behind the job layoffs. Vehicle production will be further automated and will not be sufficient to support the current level of jobs, the local newspaper said, citing NPM's Chairman Henning Kagermann. In 2018, employment in the car industry in Germany reached 834,000, its highest since 1991. Amid the climate change debates, the European Union is pushing towards reducing the carbon dioxide emissions resulting in countries adapting plans to launch electric vehicles. In 2019, the German carmaker Volkswagen had also said it would cut as many as 4,000 jobs in Germany as part of their digital transition. "We are making the company fit for the digital age in a sustainable way," VW brand Chief Operating Officer Ralf Brandstaetter had said in a statement.

In Germany, over 400,000 jobs at risk in switch to electric cars: Report