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Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists in collaboration with renowned media brands worldwide. For more details, visit our website.
Key regions: United Kingdom, Japan, Netherlands, France, United States
Powered solely by the electricity stored in their high-voltage batteries, battery electric vehicles (BEVs) are either driven by a single unit or a combination of (alternating current or direct current) electric motors, typically with electric power above 60kW. BEV engines are characterized by continuous torque delivery over a broad speed range from zero km/h and less complex management systems, which are needed in internal combustion engine (ICE) vehicles to control emissions (less complex drivetrain compared to ICEs). Additional systems like a starter motor, gearbox, and exhaust (tailpipe) are absent in battery electric vehicles.
In the rapidly evolving landscape of electric mobility, keeping track of registration data for battery electric vehicles (BEVs) provides critical insights into market trends and consumer preferences. While EAFO typically provides monthly data on registrations, examining daily registration data allows for a more granular understanding of how markets are performing and what models are capturing consumers'' interest on a day-to-day basis. This article delves into BEV registration data for four key European countries: Norway, Sweden, Denmark, and Spain, highlighting daily registrations as reported for a single day.
Norway continues to be a leader in electric vehicle adoption, reflecting its commitment to a sustainable future. On August 1, 2024, a total of 333 BEVs were registered across the country. The Tesla Model Y dominated the list with 80 registrations, highlighting its continued popularity and dominance in the Norwegian market. Following the Model Y were the Skoda Enyaq and Tesla Model 3, with 34 and 33 registrations, respectively. Other notable models included the Volkswagen ID.4 and Volvo EX30, each securing significant consumer interest.
Sweden: July 31, 2024
In Sweden, BEV registrations for July 31, 2024, amounted to 365 vehicles, showcasing the country''s growing embrace of electric mobility. The Tesla Model Y again took the lead with 61 registrations, indicating its widespread appeal across multiple markets. The MG ZS and Tesla Model 3 followed, with 30 and 23 registrations, respectively. Sweden''s market also saw interest in models like the Cupra Born and Volvo EX30, reflecting diverse consumer preferences.
Denmark: July 31, 2024
Denmark''s BEV registrations for July 31, 2024, totaled 419 vehicles, underscoring the nation''s commitment to expanding its electric vehicle footprint. The Tesla Model Y was the top choice, with 56 registrations, mirroring its performance in other European markets. The Volkswagen ID.4 and Audi Q4 E-Tron followed, indicating strong consumer confidence in these models. The Skoda Enyaq and Renault Scenic also captured significant attention, suggesting a balanced market with multiple competitors.
Spain: July 31, 2024
Spain reported 538 BEV registrations on July 31, 2024, highlighting its progress in adopting alternative fuel vehicles. The Volvo EX30 led the day''s registrations with 31 units, closely followed by the MG MG4 with 30 units. The Opel Mokka-E and Tesla Model Y also featured prominently, with 20 and 19 registrations, respectively. Spain''s data showcases a diverse market, with a wide range of models from various manufacturers appealing to consumers.
Insights and Trends
Analyzing daily registration data reveals several key trends in the European BEV market:
The detailed daily registration data provides a snapshot of the dynamic BEV landscape in Europe. As countries strive to meet climate goals and reduce emissions, tracking these trends offers valuable insights into consumer behavior and market developments. The continued growth of BEV registrations signals a positive shift towards sustainable transportation solutions, with manufacturers and policymakers playing pivotal roles in shaping the future of mobility.
The European Union''s battery-electric vehicle (BEV) market tells a complex story in 2024. While BEV registrations across most Member States have grown steadily, Germany stands out as a market where policy shifts have significantly altered the narrative.
This recently published EIT study, commissioned by the European Institute of Innovation and Technology and led by TRT Trasporti e Territorio, assessed the costs and benefits of transitioning to sustainable urban mobility in European cities by 2030 and 2050.
The Greater Oslo region is enhancing the efficiency of its electric bus fleet by implementing an advanced managed services solution for data-driven decision-making.
Key regions: United States, Germany, Netherlands, China, United Kingdom
CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, "public" means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
This slow adoption is also related with the ineffective implementation of incentive programs, particularly the MOVES III program, which offers up to €7,0001 per EV and suffers from disbursement delays to buyers of up to three years.
Although the expansion of the charging infrastructure in Spain is lagging the national targets, the number of charging stations per EV is ahead of the EU average (88 chargers per 1,000 EVs in Spain compared to 75 on average in the European Union).
1 MOVES III grants must be included in the general tax base and are therefore taxable for income tax purposes.2 PNIEC has set a similar target of 5.5 million EVs by 2030.3 Base standard deviation for our analysis is 2014–19; in this case we considered 2020–22 as the numbers before 2019 were too small.
Wolfsburg. Volkswagen presented its plan for transforming the Group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools. "We set ourselves a strategic target to become global market leader in electric vehicles – and we are well on track. Now we are setting new parameters," said CEO Herbert Diess during the presentation of NEW AUTO, the Group''s strategy through 2030. "Based on software, the next much more radical change is the transition towards much safer, smarter and finally autonomous cars. That means for us: Technology, speed and scale will matter more than today. The future of cars will be bright!"
Volkswagen Group is setting new priorities to leverage the opportunities arising from the electric and digital era of mobility, with sustainability and decarbonization as integral parts of its new strategy 2030, the Group plans to reduce its carbon footprint per car by 30% over its lifecycle (vs. 2018), in line with the Paris Agreement. In the same timeframe, the share of battery-electric vehicles is expected to rise to 50%, while in 2040, nearly 100% of all new Group vehicles in major markets should be zero-emission. By 2050 at the latest, the Group intends to operate fully climate neutral.
Profit and revenue pools are expected to shift gradually from internal combustion engine cars (ICEs) to battery-electric vehicles (BEVs) and then to software and services, boosted by autonomous driving. The ICE market is set to decline by more than 20% over the next 10 years. In parallel, BEVs are projected to grow rapidly and overtake ICEs as a leading technology. At an estimated €1.2 trillion, by 2030, software enabled sales could add around one third on top of the expected BEV and ICE sales, more than doubling the overall mobility market from around €2 trillion today to a projected €5 trillion. Individual mobility, based on cars, is expected to still account for 85% of the market and Volkswagen''s business.
A robust-margin ICE business, generating strong cash-flows will finance and accelerate the shift to BEVs. A disciplined ramp-up driven by synergies from lower battery and factory costs and increasing scale is expected to improve BEV margins. Higher CO2/Euro 7 costs and tax disadvantages will likely further narrow ICE margins. Overall, margin parity should be reached within the next two to three years.
"We intend to install industry leading platforms across strong brands, to be able to have more scale and capture even more synergies in the future", CFO Arno Antlitz said. "We will scale our BEV-platforms, we want to develop a leading automotive software stack. And we will continue to invest in autonomous driving and mobility services. During this transition, our robust ICE business will help to generate the profits and cash flows to do so."
Volkswagen has already earmarked €73 billion for future technologies from 2021 through 2025, representing 50% of total investments. The share of investments into electrification and digitalization will be further increased. The Group will also continue to raise efficiency and is on track to meet its 5% fix cost reduction program that it set out for the next two years. Volkswagen is also committed to reducing material costs by another 7% and is optimizing its ICE business with fewer models, a reduced ICE drivetrain portfolio and a better price mix.
Unprecedented platform model to scale up future technologies
The comprehensive approach across four key technology platforms is meant to allow Volkswagen Group to generate unparalleled synergies for all passenger and light commercial vehicle brands as well, and can also be partially leveraged for trucks. Synergies are expected to arise in many areas: from a universal BEV product architecture to CARIAD''s global software platform, own cell and battery production at scale, all the way to a mobility platform that bundles a range of services seamlessly.
Mechatronics – Enabler for growing portfolio of software services
The SSP (Scalable Systems Platform) as Volkswagen Group''s next generation mechatronics platform will significantly reduce complexity over time. As the successor of MQB, MSB, MLB, as well as MEB and PPE, it will extend the consolidation from three ICE-platforms to two BEV-platforms, to finally one unified architecture for the whole product portfolio. From 2026 onwards, the Group plans to start the production of pure electric vehicles on the SSP. This next generation will be all-electric, fully digital and highly scalable. Over its lifetime, more than 40 million vehicles are projected on this basis. Like the MEB today, the SSP will be open to other auto manufacturers.
To improve and speed up its mechatronics platform competencies, the Group will invest around €800 million into a new Research & Development facility in Wolfsburg, where the core of the SSP platform and its modules will be designed.
Markus Duesmann, CEO of Audi, said: "Introducing the SSP means leveraging our strengths in platform management and building on our capabilities to maximize synergies across segments and brands. In the long run, our SSP will significantly reduce complexity in mechatronics. Thereby, it is not only a central premise to lower CAPEX, R&D and unit costs compared to MEB and PPE and to enable the Group to reach its financial targets. It particularly is the enabler to manage future challenges in vehicle development, as cars become more and more software-oriented."
Software – Seamless, global software platform to enable intelligent and autonomous driving
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