The increase in fuel prices in Greece in recent times has turned more Greeks into the market of new LPG cars, as last month there was an explosion in sales in this category.
From 0.3% in December 2020, in December 2021 the market share jumped to 5%, showing that Greeks are looking for cheap alternative fuel solutions, but also ways to move more ecologically in and out of cities.
Electric
Sales of electric and plug-in hybrid cars also increased significantly. The market share in this category according to the data of the Association of Car Dealers Importers reached 13.3%, with the percentage of purely electric cars being over 2.5%.
Diesel
On the contrary, a new drop in sales was presented by the new diesel vehicles, which within a year decreased from 34.6% to 12.9%, indicating that they will remain exclusively for people who travel many kilometers outside the city or for companies every day. After all, for these vehicles in 2030 is a milestone year, as well as for the petrol cars that show a stability in sales, occupying 40.6% of the market.
Hybrids
Of course, we should not overlook the large increase in sales of hybrid cars, as within a year they increased by 10.2 units (from 16.5% to 26.7%). The valuation was also positive for gas cars, which have been on the rise lately. The construction of many gas stations throughout Greece also contributed to this, giving Greeks the opportunity to try this particular fuel, which is not only economical but also ecological.
Private Automobile Categories
Almost one in two cars registered belong to the B category, showing that most Greek drivers want a car for all uses, without being able to have more than one car at their disposal. That is, to combine sleek and comfortable movement within the city and several off-road possibilities and large spaces for their excursions. SUVs are a case in point, since they give freedom of movement, better driving position and a new design philosophy that inspires dynamism.
Category C cars are falling, without affecting the SUVs that have increased marginally, while there is a very clear shift to small cars that, in addition to flexibility in cities, most have reduced fuel consumption.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight