Why is the Sales Share of Electric Vehicles Decreasing in Europe?

The European Union continues its work to transition to fully electric or carbon neutral vehicles by 2035. This year did not 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 rate remained below last year’s rate of 14.3%.

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

Germany withdrew its support from electric cars

Primarily Germany, By the end of 2023 announced its decision to end its financial support for electric cars. Germany, which has the largest automobile market in the European Union, made such a decision, of course, pushing those who were considering buying an electric car to look for alternatives.

Following this decision taken by Germany, the decrease in demand caused consumers in Europe to to electric cars look He also revealed another important point about: price.

According to Europeans, electric vehicles do not cost more than 35 thousand euros

ACEA (Association of European Automobile Manufacturers) According to information from , only 30% of EU citizens are considering buying 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 portion of electric cars sold in Europe have a label below this price.

Automobile manufacturers state that they cannot switch to electric cars on their own.

Another reason why electric cars cannot become widespread is the disagreement between institutions and the private sector. ACEA Director General Sigrid de VriesEuropean automobile manufacturers have so far 250 billion dollars states that they have invested. de Vries also states that he supports the idea of ​​Europe making a preconditions and competitiveness regulation for market demands.

Requested regulations include creating infrastructure for hydrogen filling and charging, enabling appropriate raw material supply, developing financing opportunities and market incentives. So for Europe’s green automotive dreams to come true all actors of the sector needs to cooperate.