Schmidt: Western Europe EV, PHEV Sales Stalling Through Decade
EV and PHEV manufacturers may have fared well in Western Europe last year, but further gains in the market aren’t likely for some time to come.
Forbes reports sales in Western Europe climbed 51.7 percent in 2014 to 58,582 EVs and PHEVs, gaining an overall market share of 0.49 percent according to Automotive Industry Data. Editor Peter Schmidt, however, warns that this may be the peak of such sales for the next five years:
Effectively, you have no detectable, genuine underlying consumer demand from private individuals. To make things worse, looking ahead at the next couple of years, I would say this is a scary time for electric car makers, chiefly because as the price of oil continues to hover around levels inconceivable a year ago and with fuel prices falling month by month, those people who had thought about buying an electric car may give up when they look at motoring expenses.
Per AID‘s figures, the Nissan Leaf took gold with 14,354 units sold in 2014, with the Renault Zoe winning silver with 10,885 units, and the Tesla Model S in a close third with 8,698 units. BMW and Volkswagen fill out the rest of the standings, with 8,290 i3s and 8,461 E-Ups and E-Golfs sold. Schmidt says those numbers don’t point to a “detectable genuine underlining consumer demand,” with Norway being the sole exception. There, 18,090 EVs and PHEVs took 12.5 percent of the country’s overall market last year, thanks to tax credits that make such vehicles equally as attractive as gasoline- and diesel-fueled models.
He adds that cheap oil “has tempted a rethink” among consumers as far as seeking out such vehicles are concerned, especially among those in the United States, where fuel is cheaper than in Western Europe already. Schmidt believes the lower prices at the pump would hold back the EV/PHEV market for the remainder of the decade, leading to major financial losses among the manufacturers who went all-in on EVs and PHEVs.
Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.
More by Cameron Aubernon
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- Daniel J Until we get a significant charging infrastructure and change times get under 10 minutes, yes
- Mike I own 2 gm 6.2 vehicles. They are great. I do buy alot of gas. However, I would not want the same vehicles if they were v6's. Jusy my opinion. I believe that manufacturers need to offer engine options for the customer. The market will speak on what the consumer wants.For example, I dont see the issue with offering a silverado with 4cyl , 6 cyl, 5.3 v8, 6.2 v8, diesel options. The manufacturer will charge accordingly.
- Mike What percentage of people who buy plug in hybrids stop charging them daily after a few months? Also, what portion of the phev sales are due to the fact that the incentives made them a cheaper lease than the gas only model? (Im thinking of the wrangler 4xe). I wish there was a way to dig into the numbers deeper.
- CEastwood If it wasn't for the senior property tax freeze in NJ I might complain about this raising my property taxes since most of that tax goes to the schools . I'm not totally against EVs , but since I don't drive huge miles and like to maintain my own vehicles they are not practical especially since I keep a new vehicle long term and nobody has of yet run into the cost of replacing the battery on an EV .
- Aquaticko Problem with PHEV is that, like EVs, they still require a behavioral change over ICE/HEV cars to be worth their expense and abate emissions (whichever is your goal). Studies in the past have shown that a lot of PHEV drivers don't regularly plug-in, meaning they're just less-efficient HEVs.I'm left to wonder how big a battery a regular HEV could have without needing to be a PHEV.