In recent years it seems that there is nothing but electric in the automotive world. Most manufacturers are totally focused on this technology and abandoning combustion little by little, all motivated by strict emissions regulations. However, the reality of many markets is that these types of vehicles have not yet reached very high sales levels. In fact, there was a forecast that spoke of a 27% market share for electric vehicles in 2025. Clearly it’s not going to happen…
According to the latest data from the consulting firm S&P Globalthere has been a major change in expectations of electric sales in Europe. The result is a recession in numbers that has forced them to revise forecasts. Of the 27% electric that had been calculated, it goes to a quota of 21% in the first half of the year. The difference is quite notable and will also affect compliance with the European Union’s CO2 emissions targets. That should worry the manufacturers and also worries the authorities.
Some politicians believe that in Europe we run the risk of fall behind the United States and China. A system that is more flexible is advocated so that manufacturers can achieve ambitious CO2 reduction targets, something that for many is proving complicated. Furthermore, the fact that the electric market stagnates also means that increase costs for brands. Those who do not reach the objectives will have to pay or rely on other manufacturers to buy their credits.
At a time when an economic crisis could be looming, the solution could be speed up the adoption process of electrical. This is what the European Automobile Manufacturers Association (ACEA) believes, which states that the entire road transport decarbonization policy is at risk. Manufacturers can no longer take a step back considering what they have invested at this point, so they ask that strategy is reviewed to make it viable for everyone.
They complain that factors such as the lack of charging infrastructure or aid for the purchase of electric they don’t depend on them and that it would be fair for the CO2 reduction regulations to be reviewed. That would reduce their costs by 2025 and allow them to face this recession in the market, maintaining competitiveness compared to other manufacturers outside Europe.
