Revenues and subsidies hinder the rise of electric vehicles in Spain

He income level and the concept of public support are two of the main factors that explain why the market electric vehicles according to the “eReadiness 2023” report prepared by PwC and presented this Tuesday at Global Mobility Callin Madrid.

The report shows that out of more than 12,500 consumers surveyed 6% own electric vehiclesof which 51% are men and 49% women, urban, with own parking at the house, average age 43 years and with high purchasing power, which is reflected in the average annual gross income of 91,000 euros.

This is also emphasized by 86% of those who already have an electric car he uses his private vehicle to travel to work on average 4.4 days a week and that will cover a distance of 23 kilometers, while they assure that they change their vehicle every 5.9 years on average.

The government will publish "in the coming days"  the ultimate resolution of the Perte electric car
The government will publish the final resolution of the Perte | electric car “in the next few days”.

In this sense, the report is also revealing 62% claim to have used some form of public support to purchase their vehicle. Likewise, EV owners recognize that they face three types of problems, namely long charging times and lack of public charging stations and limited autonomy of cars.

They also express their future buyers of electric cars (62%) intention to buy an electric car in the next five years, while consumers who are “skeptical” about this vehicle are for their part 32% of those surveyed.

The partner responsible for the automotive industry at PwC, Manuel Díaz, emphasized that the lower disposable income of families in Spain compared to other markets one of the main explanations for the lack of dynamics in the registrations of electrified vehicles in this country, which so far this year barely exceeds 10% of total sales, “well below” the average European Union (EU) and major European countries.

He also emphasized that this situation is still under pressure the current inflationary context and the tightening of financing conditions due to the increase in interest rates.

Spain below the world average

The report also includes an index that analyzes the development of electromobility in 18 markets —United States, Canada, Germany, Great Britain, Switzerland, France, SpainItaly, Norway, Poland, China, India, Australia, Thailand, Japan, Hong Kong, Singapore and United Arab Emirates–.

PwC highlighted that Spain, p maturity index 2.2 points –with 1 being little ready and 5 being very ready–, remains, as already shown in the previous edition of the study, in the group of countries where the electric mobility market is less developed, together with Italy, Emirates United Arabs, Japan, Poland and Australia.

Charging an electric car
Charging an electric car | PIXABAY

Hong Kong, Norway and China are the leading markets in relation to electric cars, according to the report. with maturity indices of 4.2, 4 and 3.6 pointsrespectively

The consulting firm reveals that in the case of Spain, this situation is attracting attention, even though it is one of the markets that have and more help and public incentives.

Díaz emphasized that this “paradox” is related to the complexity and difficulty of receiving aid, due to the fact that in most cases it is about the aid delivery system.inefficient, in which they arrive long after the vehicle has been purchased and which in many cases are linked to income tax relief”. –

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