The China Mail - Bumpy ride for electric cars in Europe

USD -
AED 3.67295
AFN 69.000368
ALL 83.803989
AMD 383.103986
ANG 1.789783
AOA 917.000367
ARS 1297.536634
AUD 1.537304
AWG 1.80075
AZN 1.70397
BAM 1.673054
BBD 2.018392
BDT 121.454234
BGN 1.67146
BHD 0.376789
BIF 2960
BMD 1
BND 1.281694
BOB 6.907525
BRL 5.400904
BSD 0.999658
BTN 87.426861
BWP 13.378101
BYN 3.334902
BYR 19600
BZD 2.00793
CAD 1.38195
CDF 2895.000362
CHF 0.806593
CLF 0.024552
CLP 963.170396
CNY 7.182104
CNH 7.188904
COP 4016
CRC 505.132592
CUC 1
CUP 26.5
CVE 94.903894
CZK 20.904404
DJF 177.720393
DKK 6.37675
DOP 61.72504
DZD 129.567223
EGP 48.265049
ERN 15
ETB 141.150392
EUR 0.85425
FJD 2.255904
FKP 0.737351
GBP 0.73749
GEL 2.690391
GGP 0.737351
GHS 10.65039
GIP 0.737351
GMD 72.503851
GNF 8677.503848
GTQ 7.667237
GYD 209.056342
HKD 7.82575
HNL 26.403838
HRK 6.43704
HTG 130.804106
HUF 337.803831
IDR 16203
ILS 3.377065
IMP 0.737351
INR 87.51385
IQD 1310
IRR 42112.503816
ISK 122.380386
JEP 0.737351
JMD 159.957228
JOD 0.70904
JPY 147.12504
KES 129.503801
KGS 87.378804
KHR 4005.00035
KMF 420.503794
KPW 900.025178
KRW 1388.970383
KWD 0.30545
KYD 0.83302
KZT 541.497006
LAK 21602.503779
LBP 89195.979899
LKR 300.889649
LRD 201.503772
LSL 17.590381
LTL 2.95274
LVL 0.60489
LYD 5.415039
MAD 9.009504
MDL 16.668948
MGA 4440.000347
MKD 52.634731
MMK 2098.603064
MNT 3597.89485
MOP 8.055945
MRU 39.950379
MUR 45.580378
MVR 15.410378
MWK 1735.000345
MXN 18.74305
MYR 4.213039
MZN 63.903729
NAD 17.590377
NGN 1532.720377
NIO 36.760377
NOK 10.19984
NPR 139.882806
NZD 1.688633
OMR 0.384284
PAB 0.999645
PEN 3.560375
PGK 4.140375
PHP 56.553038
PKR 282.050374
PLN 3.639079
PYG 7320.786997
QAR 3.640604
RON 4.325804
RSD 100.223038
RUB 80.100397
RWF 1445
SAR 3.752253
SBD 8.223773
SCR 14.145454
SDG 600.503676
SEK 9.55527
SGD 1.280704
SHP 0.785843
SLE 23.303667
SLL 20969.49797
SOS 571.503662
SRD 37.56037
STD 20697.981008
STN 21.3
SVC 8.746792
SYP 13002.014293
SZL 17.590369
THB 32.440369
TJS 9.321608
TMT 3.51
TND 2.88425
TOP 2.342104
TRY 40.873025
TTD 6.782633
TWD 30.032504
TZS 2612.503628
UAH 41.258597
UGX 3558.597092
UYU 39.991446
UZS 12550.000334
VES 135.47035
VND 26270
VUV 119.201287
WST 2.766305
XAF 561.119404
XAG 0.026323
XAU 0.0003
XCD 2.70255
XCG 1.801625
XDR 0.702337
XOF 561.000332
XPF 102.375037
YER 240.275037
ZAR 17.59525
ZMK 9001.203584
ZMW 23.166512
ZWL 321.999592
  • JRI

    0.0835

    13.36

    +0.62%

  • SCS

    -0.0500

    16.15

    -0.31%

  • CMSD

    0.0505

    23.34

    +0.22%

  • BCC

    -0.6300

    85.99

    -0.73%

  • GSK

    0.5581

    39.36

    +1.42%

  • BCE

    0.2400

    25.61

    +0.94%

  • RBGPF

    2.8400

    75.92

    +3.74%

  • NGG

    -0.1300

    71.43

    -0.18%

  • CMSC

    0.0300

    23.12

    +0.13%

  • RIO

    0.2000

    61.24

    +0.33%

  • AZN

    0.7000

    79.17

    +0.88%

  • BTI

    -0.2700

    57.15

    -0.47%

  • BP

    0.1892

    34.33

    +0.55%

  • RYCEF

    -0.2100

    14.71

    -1.43%

  • VOD

    0.0300

    11.67

    +0.26%

  • RELX

    0.2700

    47.96

    +0.56%

Bumpy ride for electric cars in Europe
Bumpy ride for electric cars in Europe / Photo: © AFP/File

Bumpy ride for electric cars in Europe

Electric cars are a key part of Europe's green transition plans but the road ahead remains littered with obstacles with 10 years to go before a crucial milestone.

Text size:

Despite the fact that the sale of new petrol and diesel cars will be banned in the European Union as of 2035, sales of plug-in "zero emission" vehicles have stalled in the region in recent months.

The market share for electric cars has shrunk from 14.16 percent last year to 12 percent or less since the start of this year, a drop attributed mainly to Germany's decision to abruptly halt subsidies for electric car purchases on Europe's biggest market at the end of 2023.

Sigrid de Vries, director general of the European Automobile Manufacturers' Association (ACEA), expressed "concern".

Fewer than 30 percent of Europeans say they plan to buy an electric vehicle (EV), according to the ACEA, and more than half refuse to pay more than 35,000 euros ($37,750) for a car, a price level offering few EVs.

The "2035 deadline... is really just around the corner, especially when you talk production cycles," de Vries told an EV conference last week in Lillestrom, Norway.

"We need to go from 15 percent (zero-emission cars) to 100 percent in about just around 10 years," she said.

At the end of 2023, EVs passed the "tipping point" of five percent -- considered the point of mass adoption -- in 31 countries around the world, according to the Bloomberg news agency.

But only two-thirds of the EU's 27 member states have surpassed this level.

Cars are Europeans' primary mode of transport, and account for 15 percent of Europe's CO2 emissions.

Making vehicles emissions-free is therefore essential if the EU wants to meet its climate commitments.

Norway, a non-EU member -- and also a major oil and gas producer -- is a leader in EV adoption.

Led by Tesla, electric vehicles accounted for 90 percent of new car registrations in Norway in the first quarter thanks to generous tax incentives.

The country aims to reach the 100 percent mark by 2025.

Carmakers like Volkswagen and Volvo have already ended sales of their combustion models in Norway.

- See-sawing sales -

Elsewhere, the industry's electrification is largely sluggish.

Britain has pushed back by five years its ban on the sale of new combustion cars, now expected in 2035, and many see this target as unrealistic to reach in Europe.

But Nissan, one of the first traditional carmakers to roll out a plug-in with its Leaf model, says sales that yo-yo are not a concern.

"It see-saws and it will always be like that," Guillaume Pelletreau, Nissan's vice president of electrification and connected services, told AFP.

"There was a really strong start to the wave of electrification in the past two years and now we are starting to normalise the process a bit," he said.

"We see nonetheless a clear upwards trend."

Volkswagen, Stellantis and Renault plan to introduce new, less expensive electric models in coming months, but they are also relying on their hybrid models to boost sales.

One of the main hurdles cited by industry experts is the difficulty to roll out the necessary EV infrastructure quickly and broadly.

More than half of the EU's charging stations are found in just two countries: Germany and the Netherlands, according to the ACEA.

In Spain for example, where people replace their cars only every 14 years on average, 65 percent of owners park them in the street, making charging a challenge, said Isabel Gorgoso, head of "new mobility" at energy group Cepsa.

"If you think about Norway 10 years ago, then you have Spain now," she said.

Other obstacles cited are the heaps of EU regulations for carmakers -- up to nine new ones per year -- and ever-changing national policies, which could be exacerbated further by rising support for Europe's populist movements, which are generally climate-sceptic.

"With high-stake European elections around the corner, what happens in the next few months could really determine the fate of Europe's vehicle industry," de Vries said.

G.Fung--ThChM