Electrified passenger cars close 2023 with 12% market share

Sales of pure electric and plug-in hybrid passenger cars totaled 113,776 units in 2023, representing 12% of total sales

The market share of electrified passenger cars in Spain is well below the European average, which exceeds 21%

Alternative vehicles with 442,964 sales in 2023 are what are experiencing the most growth with an increase of 33.05%

Madrid, January 2, 2024.- Sales of electrified vehicles (electric and plug-in hybrids, including passenger cars, quadricycles, commercial and industrial vehicles and buses) achieved a growth of 53% in December, reaching 13,442 units. In the accumulated amount of the year, electrified vehicles sold totaled 125,681 units, which has represented an increase of 48.47%. With these volumes achieved, sales of electrified vehicles in December accounted for 11.1% of total registrations in 2023.

Regarding registrations of alternative vehicles (electrified, hybrid and gas), they increased by 33.86% in the year, with 461,859 units sold and representing 40.6% of the market. Last December, 45,018 alternative vehicles were registered, 34% more than in December 2022 and with a market share of the total for the month that reached 37.9%.

ELECTRIC VEHICLES – Label Zero

Sales of pure electric vehicles increased by 64% in December, with 6,789 units registered. It represents 6.94% of the market share for the month. For the year as a whole, sales of these vehicles total 62,843 units, 72.4% more than in the same period of the previous year. The cumulative share for the year has been 5.56%

PLUG-IN HYBRID VEHICLES – Label Zero

Sales of plug-in hybrid vehicles grew by 42.2% during December and reached 6,653 registered units. It represents 6.8% of the market share for the month. For the year as a whole, sales of these vehicles total 62,838 units, 30.3% more than in the same period of the previous year. The cumulative quota for the year is 5.56%.

HYBRID VEHICLES – ECO Label

Sales of non-plug-in hybrid vehicles increase by 24.46% during December, and reach 28,303 units registered this month. It represents 28.94% of the market share in November. In the accumulated of the year, sales of these vehicles accumulate 307,824 units, 27.2% more than in the same period of the previous year. The share of the total for the year is 26.64%.

GAS VEHICLES – ECO Label

Sales of gas vehicles grew by 58.6% in December with 3,270 units registered, representing 3.34% of the market share in the month. For the year as a whole, sales of these vehicles accumulate 28,333 units, 67.61% more than in the same period of the previous year. The cumulative quota for the year is 1.76%.

HYDROGEN CELL VEHICLES – ZERO Label

Sales of hydrogen fuel cell vehicles recorded 3 new sales in December. In the total for the year there are 21 units, 80% more than the previous year.

CAR MARKET Registrations of electrified, hybrid and gas CARS increased their sales in December by 34.35%% compared to the same month of the previous year, up to 43,428 units delivered. Sales of passenger cars of this type during December accounted for 53.11% of the total, exceeding the combined sales of gasoline and diesel passenger cars.

Regarding the electrified passenger car market, sales increased by 58% in December, with 12,442 units sold, reaching 15.22% of the total market for the month. Battery electric vehicles (BEV) grew by 73.1% to 5,896 units in the month, as did plug-in hybrids (PHEV), which increased their sales by 41.26% with a total of 6,546 units. In the accumulated year, there are 113,776 electrified passenger cars, 45% more, which represents 11.99% of the total market.

A figure, however, that remains far from the European average of electrification penetration, which exceeds 21% of total sales.

STATEMENTS

José López-Tafall, general director of ANFAC, indicated that “2023 shows that the electrified vehicle continues to advance in the national market. It moves forward, but not at the necessary pace. We closed the year with a market share of 12%, only 2 percentage points more than the previous year: this is a disappointing result when compared to the mandatory objectives that we have as a country. It is necessary to accelerate their pace of entry into our market. The European average is already above 21% and Spain continues to lag behind. Currently, the electrified vehicle is the only technological solution to meet emissions reduction objectives. Therefore, it is necessary to better stimulate its sales to reach the requirements set in 2024, which we estimate in an electrified market of 280,000 sales. From ANFAC, we have already proposed a series of measures to the Government along these lines. Measures such as the replacement of a new MOVES Plan with aid to be collected at the time of purchase based on a new tax model, as well as other specific measures for the business channel, which can advance the fastest in electrification. The second lever is additional measures that facilitate the development and installation of publicly accessible charging points. We must not forget that in 2024 Spain already has binding commitments to the EU regarding public charging in the territory. The sector has done its homework and citizens have a wide range of models on the market. Now it is time to accelerate further and that involves making the change easier for citizens and companies. Countries like Portugal are showing that it can be achieved. It is not a question of innovating, it is a question of acting immediately and with effective measures. “2024 must be the year of change of pace.”

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