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The share of electric vehicles in sales is decreasing in Europe: why?

  • April 15, 2024
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The European Union continues its efforts to transition to fully electric or carbon-neutral vehicles by 2035. This year didn’t start as expected for electric cars, which broke sales

The share of electric vehicles in sales is decreasing in Europe: why?

The European Union continues its efforts to transition to fully electric or carbon-neutral vehicles by 2035. This year didn’t start as expected for electric cars, which broke sales records last year. In the first quarter of the year 12% of cars sold in the EU are electric While this percentage remained below last year’s level of 14.3%.

Agree to electric cars What are the reasons for this decline in demand? Let’s take a look together.

Germany withdrew its support for electric cars

electric cars

Mainly Germany, By the end of 2023 announced its decision to end financial support for electric cars. Germany, which has the largest car market in the European Union, has obviously made such a decision, causing those considering buying an electric car to look for alternatives.

After this decision by Germany, declining demand caused consumers in Europe to do so to electric cars Look He also revealed another important point about it: the price.

According to Europeans, electric vehicles cost no more than 35 thousand euros

electric vehicle

ACEA (Association of European Car Manufacturers) According to information from, only 30% of EU citizens are considering purchasing an electric car. Those who want to buy an electric car can also buy these vehicles. They do not want to pay more than 35 thousand euros. Currently, a very small proportion of electric cars sold in Europe are labeled below this price.

Car manufacturers indicate that they cannot switch to electric cars on their own.

electric

Another reason why electric cars cannot become widespread is the disagreement between institutions and the private sector. ACEA Director General Sigrid de Vrieswhat European car manufacturers have done so far $250 billion indicates that they have invested. de Vries also states that he supports the idea that Europe imposes preconditions and competition regulation on the requirements of the market.

The requested regulations include creating infrastructure for hydrogen filling and charging, enabling an adequate supply of raw materials, developing financing options and market incentives. So that Europe’s green car dreams become reality all actors in the sector must work together.

Source: Web Tekno

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