The supply of large and luxury electric models exceeds that of smaller BEVs by a ratio of three to two
MADRID, 19 Feb. (EUROPA PRESS) –
Only 17% of electric cars sold in Europe are compact ‘B’ segment vehicles, which are cheaper, compared to 37% of those equipped with new combustion engines, according to an analysis by Transport
Therefore, the organization points out that automakers are slowing electric vehicle adoption by prioritizing sales of larger, more expensive electric cars.
That is, these manufacturers launched only 40 fully electric models in the compact segments (‘A’ and ‘B’) between 2018 and 2023, compared to 66 large and luxury models (‘D’ and ‘E’), according to the report.
In Europe, 28% of electric car sales correspond to the ‘D’ segment of large cars, compared to only 13% of new combustion cars, according to analysis by T
The average price of a battery electric car in Europe has increased by 39% (18,000 euros) since 2015, while in China it has fallen by 53%. This is because European manufacturers focus “disproportionately” on large cars and SUVs, which carry a premium for being ‘premium’.
Of the sub-€25,000 models planned by automakers, only 42,000 vehicles are likely to be produced for the European market this year, according to analysis by T
But despite the lack of affordable models, the market share of battery electric cars in the EU has continued to grow by 2.5 percentage points, reaching 14.6% in 2023.
However, the market share of BEVs (battery electric vehicles) in the EU could already reach 22% if the company vehicle segment, which accounts for the majority of new car sales, were leading the way in electrification. , according to the analysis of T
The study of T
In Spain, the possibility of replacing the aid from the Moves plan with a package of tax measures is being considered, which would be an opportunity to lower the purchase price of 100% electric vehicles more directly.
Setting binding electrification targets for companies’ fleets will also be key to accelerating electrification in Europe, so T
“Company cars are the perfect candidate for accelerated electrification. They have tax measures only applicable to this sales channel and companies have the financial muscle to invest in electric vehicles knowing that despite a higher acquisition cost, “This is compensated by a lower total cost of use than in combustion vehicles. That is why the EU must present a law that outlines a route and binding objectives for electrification,” says the head of car electrification at the Spanish office of T
