Electric car sales are stagnating in Europe. However, everything could well start to change in the near future. We explain why!
We hear that electric cars are no longer the future. A feeling that is due to a sharp slowdown sales in Europe. A finding that is verified since the market share of electric cars was declining in Europe in the first half of this yearIn reality, it was a drop in electric car registrations in Germany that slowed down the entire European market! A drop which can be explained by the fact that Germany has stopped its purchasing aid for electric vehicles in December 2023.
This slowdown worries European manufacturers who have invested billions in this transition. While some are doing better than others, the current level of sales will not allow many of them to respect the next CO2 emission thresholds imposed by the European Union. If, once again, sales were to remain as they are.
However, some are already predicting that sales of electric cars will soon increase. experience strong growth. Growth due to the arrival of EV models more affordable on the market.
Rapid growth expected?
Since the democratization of electric cars, the same barriers to purchase persist. Potential buyers have doubts about the infrastructures de recharge and so on autonomy electric cars, but also in relation to their price. Indeed, an electric model will always be more expensive than the same model in thermal version.
As mentioned above, let’s take the case of Germany. Once the aid has been withdrawn from buyers, sales have collapsed.
However, in a report, the organization Transport & Environment expects “rapid growth” in sales of electric cars. A phenomenon that will be explained by the massive arrival on the market of ever more affordable models.
The market share of electric vehicles could reach 24% in Europe next year. The market would therefore be growing strongly. Let us recall that from January to Julythe electric represented only 12.5% market share vehicle sales in Europe. Among the list of these affordable vehicles, we can mention the new Renault 5 or even the Citroën e-C3.
A boost in electric car sales would be a excellent news for our European manufacturers. Let’s take the example of Audi or Volkswagen, which is preparing to to dismiss part of its staff in Belgium and Germany. You also have Stellantis which has taken the decision to stop production of the Fiat 500e due to too low demand.
The future therefore lies in the “cheap” model.
Source: www.autoplus.fr
