The collapse in sales of commercial vehicles under 3.5 tonnes, the classic vans, continues. also in month of October the negative sign is beyond the double digit. Electric vehicles are in sharp decline with a market share almost halved in the 10 months of 2024 with a consequent increase in the weighted average CO2 up by 4.2% to 195.8 g/Km, always considering the first 10 averages of the year.
In this context, the manufacturers’ associations make themselves heard especially UNRAE which criticizes the cut in automotive funds and calls for the restoration of the 2025-2027 incentives as well as further structural and fiscal measures.
Third decline in three months, it’s an alarm
The commercial vehicle market recorded the third consecutive decline in October, with a decline of 14.8% and 16,600 vehicles registered, marking a decrease of 2,876 units compared to the 19,476 in October 2023. In the period January-October 2024 the overall growth fell to 4.7%, with 167,244 units registered compared to 159,678 in the same period of 2023.
Particularly worrying is the trend in registrations of pure electric vehicles, the share of which in October remained at 2.2% like last year, but in the first ten months of the year it fell back to 1.8%, a sharp decline compared to 3.4% of the same period of 2023.
UNRAE requests
In response to the recent cut in the Automotive Fund and Minister Urso’s announcement on the cessation of incentives by 2024, UNRAE expresses strong concern. The drastic reduction in funds allocated to the automotive sector highlights the Government’s concrete disinterest in a strategic sector for the country’s economy, for employment and for the treasury itself.
On the contrary according to UNRAE. Thinking about supporting national production using the tool of demand incentives it turned out to be an unrealistic approach, even considering that 60% of Italian components are destined for export. According to UNRAE President Crisci, it is necessary to develop targeted strategies that support investments for the reconversion of the national production chain for the purposes of the energy transition.
UNRAE also highlights that, as highlighted in Competitiveness Report presented by Mario Draghi to the European Commission on 9 September, the development of zero-emission mobility requires a rapid expansion of the charging infrastructure network, which is currently insufficient at a European level. For this reason, the Association reiterates the need to introduce a tax credit to 50% for private investments in refills fast.
Photo at: Motor1.com
UNRAE infographic October 2024
How the market moved
The market structure of the 10 months of 2024, with almost definitive data, compared with the same period of 2023, highlights a generalized growth for all sales channels, with the exception of car registrations (7.2%). Private individuals grew in volume with a share of 15.0%. Long-term rental rises to 32.0% of the total market. Short-term rental stands at 6.3% share, while entities and companies maintain first position at 39.5%.
On the engine front, in January-October 2024 diesel gains 3.1 points of share and rises to 83.1% of the market. The petrol engine loses 0.4 decimals, stopping at 3.8%. LPG, on the other hand, gains half a point and rises to 3.6%, methane drops to 0.1% of the total, like plug-in vehicles. As anticipated, BEV (electric) vehicles are in sharp decline, going from 3.4% a year ago to 1.8% currently, while hybrid vehicles cover 7.6% of the total (compared to 187.9 g/Km for the same period 2023).
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Source: it.motor1.com
