What would the car market be like without government incentives? The rest of Europe is also moving in this direction: important news
The end always justifies the means, even in the car world. Thus, after two truly difficult years, those heavily marked by the pandemic, and a 2022 that provided some comforting data, the market in Europe it took off again. The credit also goes to the government incentivesbut they don’t always work the same way.
Incentives rain, distorted market – allaguiida.it
Let’s start with the numbers and you need to have the patience to read them all to understand the extent of the phenomenon. Second Thatthe European Automobile Manufacturers Association, in the month of June 2023 the car market in the countries of the European Union is grew by 17.8%. Overall registrations reached 1,045,073 units, against 887,071 last year. Expanding to the United Kingdom and the EFTA countries (Switzerland, Norway, Iceland and Liechtenstein), we arrive at 1,265,678, for an increase of 18.7% compared to 2022.
There are two main factors. On the one hand the greater availability of vehicles at dealerships, following supply disruptions caused by the pandemic. But also the support that in many countries local governments have given to the purchase of new cars to rejuvenate the fleet.
Into all of this are included the electric car data. It is true that the largest share of the car market in Europe is still oriented towards petrol cars, with a percentage of 36.3%. But plug ones they reached 15.1%, while diesel stopped at 13.4%. A historic overtaking if we want, in line with what the market of the future will be in the European Union.
This is also demonstrated by other numbers, the one published by the analysis company Jato Dynamics. 2022 has been a banner year for the production and sale of electric vehiclesi in Europe. The new registrations of BEVs, the fully electric models, amounted to 1.56 millionwith a growth of 29% compared to 2021.
However, there are important differences to note. In fact, Norway occupies a market share of 79% for electric vehicles, while Italy rose to only 3.7% in 2022, down from 4.6% in 2021. The European average, on the other hand, is equal to 13.9%.
Car incentives, very important news: Europe is not running in the same gear
All this also derives from the choices made by governments to encourage the purchase of new models. In Italy both the Draghi government but also the current one led by Giorgia Meloni they don’t totally believe in the electric breakthrough by focusing on other routes.
The goal of progetto ‘Fit for 55’presented by the European Commission already in July 2021, is to reduce by 2030 the Polluting emissions by 55% compared to 1990 levels. Then another 20 years to reach the so-called ‘carbon neutrality’, by 2050.
Electric cars, how it works in Europe (Ansa Photo) – Allaguida.it
In all of this, therefore, the government incentives which are now a must in every European country but with important differences. Let’s see them together to understand how governments are moving and what the future scenarios will be.
Let’s start from Germania which in terms of production volume and circulating fleet of machines is certainly a significant example. Since January 2023, the incentives for all those who intend to buy an electric car have dropped.
A precise choice of the government which believes it no longer has to push the purchase because by now the population has gained the right decision-making autonomy. Thus, 200 million euros have been allocated to encourage fast charging infrastructure and 100 million for the normal one.
On the other hand, motorists will receive 4,000 euros for the purchase of a non-hybrid electric car (6,000 until 2022) and 3,000 euros for plug-in hybrids (4,500 a year ago). They apply to the purchase of new cars with a list price of less than 60,000 euros.
In France from 1 January of this year the incentives have been lowered. For the purchase of a car with a price below 47,000 euros, a contribution of 5,000 euros is granted (but it was 6,000 in 2022) for natural persons and 3,000 for legal entities. For vans with a maximum weight of 3.5 tons, the bonus rises to 6,000 euros.
There is also an economic facilitation for the low-income families, equal to or less than 14,089 euros who intend to buy a new car. In this case the contribution is equal to 7,000 euros for a car and 8,000 euros for a van.
In Spain incentives for registering an electric vehicle range from 4,500 to 7,000 euros. The bonus changes according to the type of vehicle and the eventual scrapping of another vehicle. Incentives are also envisaged for the installation of recharging points: for private citizens a refund of up to 70% and for companies from 35% of large companies to 55% of smaller ones.
Finally in United Kingdom some bonuses remain reserved for specific categories of low-emission vehicles. A 35% discount off the list price, up to £2,500. There is also a refund of up to 75% of the cost for all owners of an electric vehicle who install a wallbox for home recharging.
Petrol, diesel, electric, this is how incentives work in Italy: all the figures
How do the car incentives 2023 in Italy? It all started with the Draghi government which budgeted 700 million euros for 2022 and 1 billion euros annually from 2023 to 2030. Funds actually also intended for the ecological conversion of the automotive industry.
Electric car incentives, Italy has decided (Press Media) – Allaguida.it
In particular the division of the sum of the year was this:
€190 million for the purchase of electric cars (range 0-20 g/km of CO2) €235 million for the purchase of plug-in hybrid cars (range 21-60 g/km of CO2) €150 million euro for the purchase of ICE cars (range 61-135 g/km of CO2) 15 million euro for the purchase of electric N1 and N2 commercial vehicles 35 million euro for the purchase of electric motorcycles and mopeds 5 million euro for the purchase of ICE motorcycles and mopeds.
What are the rules to respect? The price of electric and ICE cars in the 0-20 g/km and 61-135 g/km range must be equal to or less than 35,000 euros (including accessories, excluding VAT, IPT and roading). The price of plug-in hybrid cars in the 21-60 g/km range, on the other hand, must be equal to or less than 45,000 euros (always including accessories but excluding VAT, IPT and road registration).
In the scrap vehicles all models with an emission class below Euro 5 are included, regardless of registration date. The car must be in the name of the buyer or a family member who has been living there for at least 12 months. And there is an obligation to maintain ownership of the vehicle purchased with the 2023 incentives for at least 12 months.
Also fix the maximum sums to buy a model with the 2023 car incentives:
5,000 euros with scrapping and 3,000 euros without scrapping for M1 vehicles at least Euro 6 in the 0-20 g/km emissions range (electric cars). 4,000 euros with scrapping and 2,000 euros without scrapping for M1 vehicles at least Euro 6 in the 21-60 g/km emissions range (plug-in hybrid cars). 2,000 euros only with scrapping for M1 vehicles at least Euro 6 in the 61-135 g/km emissions range (full/mild hybrid cars, petrol, diesel, methane, LPG).
2023-08-18 21:00:45
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