The weight of the electric vehicle remains residual in the Spanish market, but neither does it enjoy much better health in the European markets around us. In any case, they are very away of the Nordic countries, which are the ones where the electric car is taking hold the fastest.
The sales of this type of vehicle in the countries with the “economies more stable” and with the highest revenues from Europe, such as Germany, Austria, Switzerland, France, Belgium, Luxembourg, the Netherlands, the United Kingdom, Ireland and Iceland, together represent more than 66% of the total sales made in the continentaccording to a report by Jato Dynamics.
In this sense, in the markets of the north Europegenerally with higher incomes, the penetration of electric vehicles already represents 15%while in the southern countries, with lower incomes, the percentage remains at just 3.8%.
In its analysis of the penetration of electric vehicles in different markets, the consultant points out that in Norway, for example, this type of car has become the most popular, among other reasons, due to the strong government incentivesalthough also because it is even cheaper to buy an electric car than an internal combustion one than in other places in Europe.
“The demand is also strong in neighboring Scandinavian markets, again due to continued government support and higher purchasing power of consumers in relation to other European countries”, adds the author of the report, Felipe Muñoz.
Likewise, the penetration of electric cars is also accelerating in the “most stable economies of Europe”, in reference to Germany, Austria, Switzerland, France, Belgium, Luxembourg, the Netherlands, the United Kingdom, Ireland and Iceland, but far of the desired figures.
uneven progress
“Combined, these countries represent more than two thirds of the total volume of sales of electric vehicles in Europe, in a third quarter of 2022 in which the market share of electric vehicles in these markets reached 15%”, underlines the analysis of the consultancy.
On the contrary, in the central and southern European countries and in the Baltic states, “where ‘per capita’ income is generally lower,” the adoption of electric cars is progressing at a swing “much slower” and in these countries “the market share for electric vehicles was 3.8% in the third quarter of 2022.”
The report notes that the poor and developing countries currently represent “more than a fifth” of global vehicle sales and to prevent these markets from being excluded from the transition to electric vehicles, both manufacturers and governments are urged to take measures to remove the barriers access to this type of car.
In this sense, the analysis indicates that while the market share of 100% electric vehicles exceeded 10% in China, Europe and South Korea in the third quarter of 2022, “it did not even reach 1% in regions such as Latin America and Russia”.
“This disparity is a consequence of the income gap, which is reflected in the infrastructure, the competitiveness of the industry and the lower levels of consumer awareness,” assesses the Jato Dynamics report.