Sales of pure electric vehicles and plug-in hybrids decrease significantly with 10,084 units
This fall brings the electrified market to 8.8% of the total market, 1.6 percentage points less than a year ago
Electrified passenger cars also reduce their sales, with 11.9% fewer sales in May
In May, 4 out of every 10 vehicles sold are zero or low emissions
Madrid, June 3, 2024.- Sales of electrified vehicles (electric and plug-in hybrids, including passenger cars, quadricycles, commercial and industrial vehicles and buses) reduced their sales by 9.5% in May, to 10,084 units. A worrying fact that, with 8.85% of sales, places this type of vehicles in a lower market volume than a year ago when they represented 10.43%. A situation that alerts to the need to implement effective measures that boost sales to achieve the required emissions reduction objectives.
Until the month of May, a total of 49,077 electrified vehicles have been accumulated, just 1.2% more than in the same period in 2023. A total that represents 9.48% of the total market and represents 0.7 percentage points less than last year’s market share.
Regarding registrations of alternative vehicles (electrified, hybrid and gas), they increased by 14% in the month, with 46,864 units sold and representing 41.12% of the market. In total for the year there were 217,824 sales, with a growth of 20.1%, surpassing diesel and gasoline vehicles as a purchase option.
ELECTRIC VEHICLES – Label Zero
Sales of pure electric vehicles increased by 2.1% in May, with 5,187 units registered. It represents 4.55% of the market share for the month. For the year as a whole, sales of these vehicles total 23,095 units, 0.3% more than in the same period of the previous year. The cumulative quota for the year is 4.48%
PLUG-IN HYBRID VEHICLES – Label Zero
Sales of plug-in hybrid vehicles fell 19.2% during May, with 4,897 units registered. It represents 4.3% of the market share for the month. For the year as a whole, sales of these vehicles total 25,882 units, 2% more than in the same period of the previous year. The cumulative quota for the year is 5%.
HYBRID VEHICLES – ECO Label
Sales of non-plug-in hybrid vehicles increase by 24.9% during May, and reach 34,353 units registered this month. It represents 30.14% of the market share in May. In the accumulated of the year, sales of these vehicles accumulate 154,909 units, 26% more than in the same period of the previous year. The share of the total for the year is 29.92%.
GAS VEHICLES – ECO Label
Sales of gas vehicles decreased by 1.2% in May with 2,414 units registered representing 2.12% of the market share in the month. For the year as a whole, sales of these vehicles accumulate 13,823 units, 40.5% more than in the same period of the previous year. The cumulative quota for the year is 2.67%.
HYDROGEN CELL VEHICLES – ZERO Label
In the month of May, the sale of 13 hydrogen fuel cell vehicles was recorded. In the total year, 15 new units have been registered, 67% more than the previous year.
PASSENGER CAR MARKET
Registrations of electrified, hybrid and gas CARS increased their sales in May by 14.1% compared to the same month of the previous year, up to 45,546 units delivered. In May, they account for 47.86% of total sales, accounting for one in every two sales of passenger cars. For the year as a whole, they represent 49.04% of the market, with 211,813 units and a growth of 21.7%.
Regarding the electrified passenger car market, sales fell by 11.9% in May, with 9,180 units. A record that places the market share at 9.65% of the total, which is 1.7 percentage points less than the previous year. By type, both electric and plug-in hybrids reduce their sales. During the month, pure electric vehicles (BEV) registered 4,393 new registrations, which represents 0.4% less. While plug-in hybrids (PHEV) were reduced by 20.3% in May, with 4,787 units.
In the total for the year, sales of electrified passenger cars total 45,153 units, which represents only a 3.5% increase in volume compared to the same period of the previous year. In the total market, its share remains stagnant at close to 10% (10.4%), and falling as the year progresses. A figure that is very far from the pace that Spain should follow to meet the required decarbonization objectives and that shows the need to stimulate it with effective measures to increase its sales.
STATEMENTS
José López-Tafall, general director of ANFAC, indicated that “the pace we see month after month in the electrified market is a warning sign that we must act immediately. This month, sales of electrified passenger cars decrease significantly compared to last year, within a general market that grows compared to 2023. Until May, nearly 45,000 sales have been registered, very far from the sales rate that should be achieved to reach the goal of 280,000 units in 2024 and necessary to meet emissions reduction targets. Once again we insist there is a wide supply of electrified vehicles, but supply without demand is a fiction. On July 31, the MOVES III plan comes to an end and the figures reflect that its continuity and improvement is urgent. This renewal is necessary, and also to act with measures that encourage purchases from the fiscal side, in addition to speeding up the future deployment of charging points. The message must be clear and forceful, the time for declarations has long passed, and we cannot fall further behind in the year we should have accelerated.”