Morning Bites (part 3)

🚗💨Internal combustion engine (ICE) car registrations in the EU rose 7% YoY in 2Q23, after the 13% YoY growth in 1Q23. Diesel cars accounted for 25% of ICE car sales (vs. 26% in 1Q23 and 29% in 2Q22). Overall, the demand for PGMs in the EU remains subdued, as sales have been persistently below their pre-pandemic 2019 levels. To recap, the EU represents ~20% and 31% of global Pd and Pt autocatalyst demand, respectively

🚘EU+UK EV sales rose 35% YoY in 2Q23, following the 18% YoY growth in 1Q23. BEV sales gained 57% YoY (vs. +33% YoY in 1Q23), while PHEV sales inched up 6% YoY (vs. -3% YoY in 1Q23). The share of BEVs in total EV sales grew slightly to 67%, from 66% in 1Q23. Non-ICE cars accounted for 51% of total EU sales (vs. 46% in 2Q22). Overall, EVs continue to gain popularity, which is a favourable factor for the demand for battery metals (nickel, lithium and cobalt)

#cars #EV #nickel #lithium #cobalt
https://metals-wire.com:3000/news-reports