
-
Exxon, Chevron turn page on legal fight as profits slip
-
Prosecutors call for PSG's Achraf Hakimi to face rape trial
-
Missing Kenya football tickets blamed on govt protest fears
-
India's Krishna and Siraj rock England in series finale
-
Norris completes 'double top' in Hungary practice
-
MLB names iconic Wrigley Field as host of 2027 All-Star Game
-
Squiban doubles up at women's Tour de France
-
International crew bound for space station
-
China's Qin takes 'miracle' second breaststroke gold at swim worlds
-
Siraj strikes as India fight back in England finale
-
Brewed awakening: German beer sales lowest on record
-
Indonesia volcano belches six-mile ash tower
-
US promises Gaza food plan after envoy visit
-
Musk's X accuses Britain of online safety 'overreach'
-
France says it cannot save contraceptives US plans to destroy
-
Russian drone attacks on Ukraine hit all-time record in July
-
Stocks sink on Trump tariffs, US jobs data
-
Newcastle reject Liverpool bid for Isak: reports
-
Cracks emerge in US jobs market as Fed officials sound warning
-
Douglass dedicates world gold to stricken US after 'rough' week
-
Senegal PM unveils economic recovery plan based on domestic resources
-
China's Qin milks 'miracle' second breaststroke gold at swim worlds
-
Swiss will try to negotiate way out of stiff US tariffs
-
US job growth weaker than expected in July as unemployment rises
-
Miracle man Qin wins second worlds gold ahead of blockbuster
-
Budapest mayor questioned as a suspect over Pride march
-
Thai-Cambodian cyberwarriors battle on despite truce
-
UK top court to rule on multi-billion pound car loan scandal
-
World economies reel from Trump's tariffs punch
-
French wine industry warns of 'brutal' impact from US tariffs
-
England openers run riot in India finale after Atkinson strikes
-
China's Qin wins 'miracle' second breaststroke gold at swim worlds
-
US envoy visits Gaza sites as UN says hundreds of aid-seekers killed
-
Steenbergen wins world 100m freestyle to deny O'Callaghan
-
Stocks slide as Trump's new tariff sweep offsets earnings
-
HIV-positive Turkmen man fears deportation, torture
-
India collapse in England decider as Atkinson strikes
-
Outrage grows in France over US plan to destroy contraceptives
-
Rees-Zammit to return to rugby after NFL dream ends
-
England say injured Woakes set to miss rest of India decider
-
Bayer sets aside more cash to deal with weedkiller woes
-
Pakistan inflict more T20 misery on West Indies
-
South Korea's Yoon resists questioning by lying in underwear
-
Stocks drop as Trump's new tariff sweep offsets earnings
-
El Salvador abolishes presidential term limits, allowing another Bukele run
-
Nintendo quarterly revenue surges thanks to Switch 2
-
Swiss to try to negotiate way out of stiff US tariffs
-
British Airways owner sees profit jump on 'strong' demand
-
Sand and dust storm sweeps across southern Peru
-
Battered Wallabies determined to deny Lions a whitewash
CMSC | -0.13% | 22.82 | $ | |
BCC | -1.17% | 82.84 | $ | |
SCS | -1.22% | 10.205 | $ | |
RBGPF | 0.69% | 74.94 | $ | |
GSK | 0.57% | 37.364 | $ | |
BTI | 1.33% | 54.405 | $ | |
CMSD | 0.17% | 23.31 | $ | |
NGG | 1.74% | 71.64 | $ | |
JRI | -0.44% | 13.073 | $ | |
SCU | 0% | 12.72 | $ | |
RYCEF | -2.75% | 13.8 | $ | |
BCE | 1.31% | 23.64 | $ | |
BP | -1.34% | 31.725 | $ | |
RELX | -0.87% | 51.44 | $ | |
RIO | -0.47% | 59.49 | $ | |
AZN | 0.73% | 73.63 | $ | |
VOD | 1.1% | 10.93 | $ |

Hybrid car sales catch up to diesel in Europe
Hybrid car sales reached a milestone in Europe last year as they grabbed the same market share as diesel vehicles, while electric models gained more ground, industry data showed on Wednesday.
The figures come as the European Commission aims to ban the sale of new fossil fuel cars from 2035 and automakers have unveiled plans to transition to an electric future.
A green group warned, however, that conventional engines could stage a comeback if the European Union does not set more ambitious CO2 emissions standards.
Self-charging hybrid vehicles accounted for nearly 20 percent of new passenger cars registered across the 27-nation EU, matching diesel, with 1.9 million cars sold, according to the European Automobile Manufacturers' Association (ACEA).
This was up from an 11.9-percent market share for hybrids in 2020.
Hybrid cars have become the "perfect solution" for automakers to reduce their average CO2 emissions, said Felipe Munoz, analyst at auto industry specialists Jato Dynamics.
Self-charging hybrid cars are powered by a conventional engine and an electric motor that charges while driving.
Automakers also make plug-in hybrids that run on their electric battery until their power runs out and then run on fuel. Their market share rose to 8.9 percent last year.
Nearly 880,000 fully electric cars were sold last year, representing 9.1 percent of total car registrations.
Electric car sales have surged thanks to government incentives to buy them and growing output by automakers. They accounted for less than two percent of the market share in 2019 and 5.4 percent in 2020.
Petrol cars still held the biggest market share at 40 percent in 2021.
But electrified vehicles are chipping away at the lead, with their sales outstripping those of conventional engine cars in the last quarter of 2021.
- Market is 'consolidating' -
The rise of electric and hybrid vehicles came in a year that saw overall car sales fall to a three-decade low in Europe.
Automakers have been hit by the Covid pandemic and shortages of semiconductors, a key component in the computer systems integrated into conventional and electric vehicles.
Diesel car sales sank by a third in Europe last year, according to the ACEA.
Electric car sales doubled in several European countries last year, including Sweden, Italy and Ireland, and surged by 83 percent in Germany, the auto industry's biggest market.
In Britain, electric car sales rose by 76 percent while in Norway 19 out of the 20 most sold models in January were electric, taking an 83.7 percent market share.
"The EV (electric vehicle) market is consolidating, especially in the biggest markets, like in Norway," Munoz said.
Smaller markets such as Romania and Greece have also increasingly embraced electrified vehicles, with Tesla opening dealerships there and the arrival of cheaper models from traditional automakers.
- 'Slow lane' warning -
Transport & Environment, a green group, welcomed the rising share of electric cars in Europe.
"The unprecedented growth is undeniably the result of EU car CO2 targets," said T&E's senior director for vehicles, Julia Poliscanova.
Car emissions in Europe are capped at 95 grams of CO2 per kilometre.
"But the regulation takes the pressure off manufacturers this year, so we might see a revival of polluting fossil fuel car sales already," Poliscanova said.
"CO2 standards need to be more ambitious and more regular to stop EV sales being relegated to the slow lane."
L.Harper--AMWN