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Battery electric vehicles lose their spark in Europe as hybrids steal the show
(www.theregister.com)
this post was submitted on 20 Jun 2024
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This is the best summary I could come up with:
According to figures from the European Automobile Manufacturers' Association (ACEA), BEVs accounted for 12.5 percent of the EU car market, a drop from 13.8 percent a year ago.
Electric vehicles in the EU tend to be more expensive than their traditionally powered siblings, and charging infrastructure in the region requires investment if the EU's CO2 reduction targets are to be met.
Another survey [PDF] found the top three challenges facing BEVs were price, a lack of availability of private recharging, and too few public recharging points.
A recent report found that at the end of 2023, the EU had 632,423 public charging points, serving around 3 million BEVs.
According to the UK's Society of Motor Manufacturers and Traders, the BEV market share in the UK for the year to May 2024 stood at 16.1 percent, slightly up from the same period last year, when the figure was 15.7 percent.
A survey with more than 19,000 respondents – of which just over 2,000 were BEV drivers – by the European Alternative Fuels Observatory found that just over half of non-electric car drivers (57 percent) were considering an electric car purchase, but nearly two-thirds of all respondents considered cost as a barrier.
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That's really the only thing preventing mass adaptation, but as long as they're so expensive (which they likely will be until we see a new battery technology) they simply aren't a viable choice for many people.
Many of the people who are willing to spend a fortune on a vehicle already get an EV in the last few years (which they still are using rn), resulting in declining sales. It is time to cater to a broader market: more budget conscious people!
I just don't trust the used market or resale value of these things. I bought a new ICE vehicle and don't plan on considering EV or electric for at least another decade
I always wonder who is buying brand new vehicles. Why buy new instead of a car from one year ago?
Because I really want it in grey!!
But like, so many used cars are grey? I always heard that people buy white, black, and grey because they sell better later on.
Grey was meant as a variable there. People buying new cars are typically either heavy on disposable income and/or have placed high value on arbitrary criteria that most of us would not consider worth the very high price difference between New and used cars.
Ah, so any specific color. Yeah, that makes more sense.
Something I've heard from people in my life is that once you have a nicer car with all the creature comforts, it is really hard to go back. Strong air conditioning, extra comfy seats, quiet driving or the right kind of loud driving are all hard to give up.
That's true but you can get all of that in a used car. There is a decent <20k mile used market and the same car new vs. One with 10miles on it in mint condition is thousands of dollars. The same people that will spend a day shuffling around money to try to game a 0.1% interest increase will throw piles of extra money for that new car though
Depends on the cost of new vs used..extra warranty on new, and cheaper monthly rates on new compared to used.
Financially, depending on the cars being compared it can actually be cheaper in the long run to buy new instead of used.
Every comparison I've ever seen puts the new car as far, far more expensive than used.
Do two cars have to be different models and different years? Can it work out to compare the same trim level of the same car, and have the new one cost less overall than the used one?
I've never figured for any warranty in my car buying, so I'm playing a whole different ballgame here. I just go by advertised price, average gas milage, and how expensive is it when it breaks?