Meteorologists forecast a steady increase in sales of battery electric cars (BEVs) in Europe, but the speed of construction is about to stumble for two or three years, as brands benefit from European Union (EU) regulations that allow for a success and ultimate hurrah. for gas-engined cars, according to Schmidt Automotive Research (SAR).
BEVs took just over 2% of the European car and SUV market in 2019 and are expected to skyrocket through 2025, and classic forecasters will see a market share of between 21% and 23% in 2025. In 2020, BEV’s sales more than doubled as brands. rushed to meet the car’s strict new carbon dioxide (CO2) emission standards.
But there will be a pause until EU regulations tighten in 2025 and automakers seize the opportunity to refocus on internal combustion engine (ECI) production, adding cost-effective hybrid technology, SAR said in a report.
European countries such as Britain have banned the sale of new ICE cars until 2030, while other primary manufacturers in Germany and France have not yet adhered to the ban.
SAR editor Matt Schmidt said that between 2022 and 2024, BEV’s western European penetration will only increase through about 3 percent of emissions and will succeed by just 15% by 2025.
This would be a significant loss of profit for a giant component of European automakers, in component for Volkswagen, which has a bev target in Europe of at least 25% by 2025. Western Europe dominates European sales and includes Germany, France and Great Britain. VW and other automakers can make money by promoting ICE cars for a limited time, but they may face a giant surplus of unsold electric cars. VW has pledged to spend 35 billion euros ($43 billion) on BEV with the goal of producing 70 other models by 2030. Other automakers have invested heavily in all-electric models with market share targets in 2025.
“The expansion in BEV penetration also deserves to be moderated through the return of the ICE market, which is recovering from the effect of the coronavirus. BEV volumes are expected to increase from 1,045 million (8. 5% market share) in 2021 to 1. 31 million (10%) in 2022, 1. 54 million (11%) in 2023 and a penetration of 1. 86 million or 13. 0% in 2024,” Schmidt said.
Schmidt said that for Western Europe, BEV sales will account for 55% of sales in 2030, which would mean actual sales of 7. 7 million in a market of 14 million, which will likely take into account a tightening of CO2 targets for 2025 across the EU later on. This year.
EU CO2 regulations insist that sedan, sedan and SUV brands increase average fuel power by reducing CO2 emissions in the world of gasoline and diesel translates to around 57 miles consistent with the US gallon in 2020/2021, compared to 41. 9 mpg in 2015 tightening up to 15% in 2025 and achieving 92 mpg by 2030.
Regulations by 2025 are expected to become stricter this summer, leading automakers to make profits from ICE cars before regulation makes them unaffordable. VW said it would produce and sell small VW Ups or Poles with ICE engines until 2030 and make money.
VW said 70% of its European sales would be BEV until 2030, while Jaguar and Ford have opted for 100% electric up to that point. Britain has said it will only allow the sale of new electric cars and some gasoline hybrid electrics until 2030. The major European nations are contemplating this option and have not yet made up their minds.
If the German elections in September end with good luck for the Green Party, it could be the end of new car sales in Germany. Opinion polls show that this is a possibility.
As a former European automotive correspondent for Reuters, I spent a few years writing about the industry. I will delve into the hype and bravado of the corporation and find
As a former European automotive correspondent for Reuters, I spent a few years writing about the industry. I’m going to get into the hype and bravado of corporations and find out how those gigantic corporations are doing. I also like to drive their beautiful machines. , and their utmost modesty. I’ll tell you if the generation also works.