The five reasons why the electric car is still not taking off in Spain

3.8% of Spanish respondents say they own an electric car, but 4 in 10 are willing to buy one

Electric vehicle sales rose 21.1% in September to 3,829 registered units this month. It represents 4.82% of the market share in the month. In the year as a whole,
sale of these vehicles total 25,105 units, 42.5% more than in the same period of the previous year. The cumulative fee for the year is 3.55%.

While the trend is growing, the truth is that Spain remains at the bottom of Europe in terms of electrification. While sales of electrified passenger cars maintain a growing pace, this is reflected in the
Market behaviour in the month of September, assuming one in ten sales, the ANFAC Manufacturers Association claim that the penetration rate remains low and the target for 2022 will not be met.

With a total of 55,469 units sold as of September, this figure is far from the 90,000 units that would have been required
to reach the milestone of 120,000 registrations marked this year and necessary to meet the emission reduction requirements set by the PNIEC and from Europe.

One of the main obstacles to the take-off of the electric car in Spain is the prices and the charging network. According to
José López-Tafall, General Manager of ANFAC «In order to improve our position, it is necessary to define binding public targets for the annual deployment and powers of the charging points and to realize that a new charging station on the public road is operational in less than six months. Also promote the positive load of the electric vehicle and simplify and unify the procedures of Moves III«.

Despite the fact that only 3.8% of Spanish respondents say they own an electric car, 4 in 10 are significantly more willing to buy a vehicle of this type compared to the rest of Europeans surveyed. On the other hand, the French: 49% say that
it is unlikely that they will buy a car of this typewhile only 25% are willing to do so, according to the research of the global market research platform Appinio.

It should be noted that this publicly-perceived lack of infrastructure seems to be the reason why 87.6% of Spaniards are in favor of the government providing more aid and regulations that encourage the widespread use of electric mobility: investment in infrastructure,
tax benefits, etc

While 77% of European respondents who own electric vehicles say they are satisfied with their purchase, some are still dissatisfied. In Spain, 63% state that:
your load is uncomfortable, as in France, where 70% give the same reason. In the UK 40% say repair is difficult and in Germany 35% of dissatisfied owners are dissatisfied with performance and mileage.

The cost of installing a charging point must be added to the price to be paid for electricity consumption, as this is the most economical way to charge an electric car. According to data from the Ministry of Ecological Transition (MITECO), 100 kilometers of traveling with an electric car after charging at home with an “off-peak rate” costs about 2.27 euros, while the same distance charging the car in
a public fast charging point would rise to an average of 6.16 euros. Price parity between diesel or petrol and electric vehicles is considered to be reached when the price of batteries reaches $125/kWh, although this largely depends on the vehicle segment and the size of the battery being purchased. Conversely, this is a relatively early time in battery development in terms of the technology maturity curve, as production volumes and R&D investment are increasing rapidly. As a result, economists now believe that:
battery costs are reduced by more than 50% in 2025, and based on an average annual decline of 20.5%, this price level can be reached in 2 years.

Source: La Verdad

Ida

I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.