Pure electric vehicles and plug-in hybrids suffer a decrease in the month with 9,070 sales and 8.9% of the total market
In July, electrified passenger cars accumulated 8,242 sales, which represents a drop of 4%
Conventional hybrids remain the best-selling option in the month, with 41% of the passenger car market
Madrid, August 1, 2024.- Sales of electrified vehicles (electric and plug-in hybrids, including passenger cars, quadricycles, commercial and industrial vehicles and buses) fell 3.7% in July, with a total of 9,070 sales. This decline has caused the electrified market share to be 1 percentage point as of July of last year, representing 8.9% of total sales this month.
Until July, sales of electrified vehicles accumulate 69,807 units, 1.8% less than the same period of the previous year. In the accumulated of the year, the total share stands at 9.4%, a figure even lower than 2023. A market situation, so far, that makes it difficult to achieve the annual milestones necessary to meet the emissions reduction objectives set by the PINIEC.
Regarding registrations of alternative vehicles (electrified, hybrid and gas), they grew by 20.2% in the month, with 46,509 units sold and representing 45.55% of the market, driven mainly by sales of hybrids conventional. In total for the year there were 316,640 sales, with a growth of 18.6%, being the first purchase option for citizens.
ELECTRIC VEHICLES – Label Zero
Sales of pure electric vehicles grew by 9.6% in July, with 4,604 units registered. It represents 4.51% of the market share for the month. For the year as a whole, sales of these vehicles total 34,018 units, 0.14% more than in the same period of the previous year. The cumulative quota for the year is 4.58%
PLUG-IN HYBRID VEHICLES – Label Zero
Sales of plug-in hybrid vehicles fell 14.4% during July, with 4,466 units registered. It represents 4.37% of the market share for the month. For the year as a whole, sales of these vehicles total 35,789 units, 3.55% less than in the same period of the previous year. The cumulative quota for the year is 4.82%.
HYBRID VEHICLES – ECO Label
Sales of non-plug-in hybrid vehicles increase by 29.6% during July, and reach 34,730 registered units this month. It represents 34% of the market share in July. In the accumulated of the year, sales of these vehicles accumulate 227,507 units, 25.9% more than in the same period of the previous year. The share of the total for the year is 30.62%.
GAS VEHICLES – ECO Label
Sales of gas vehicles increased by 8.9% in July with 2,684 units registered, representing 2.63% of the market share in the month. For the year as a whole, sales of these vehicles accumulate 19,280 units, 27.6% more than in the same period of the previous year. The cumulative quota for the year is 2.6%.
HYDROGEN CELL VEHICLES – ZERO Label
In the month of July, the sale of 25 hydrogen fuel cell vehicles was recorded. In the total year, 46 new units have been registered, 283% more than the previous year.
PASSENGER CAR MARKET
Registrations of electrified, hybrid and gas CARS increased their sales in July by 22% compared to the same month of the previous year, up to 45,313 units delivered. In July, they account for 53.96% of total sales, totaling half of passenger car sales in the month. For the year as a whole, they represent 49.76% of the market, with 308,100 units and a growth of 20.2%.
As for the electrified passenger car market, sales fell again in July, with 4% less and 8,242 units. A figure that places the market share at 9.81% for the month, which is 0.8 percentage points less than the same figure from the previous year. By type, pure electric vehicles achieved an increase of 12.4%, with 3,827 units sold in the month. While plug-in hybrids reduce their sales by 14.7%, with 4,415 new registrations.
In the total for the year, sales of electrified passenger cars total 64,127 units, which maintains its growth flat compared to the same period of the previous year. With this figure, the market share for the year stands at 10.36%, even lower than that of 2023.
STATEMENTS
José López-Tafall, general director of ANFAC, indicated that “the continuity of the MOVES Plan was necessary news, but for the moment it has not obtained the expected result. In the last month, the electrified market has fallen 4%. A figure that has caused the electric and plug-in hybrid market to remain stagnant at a 10% share of the general market and that could have fallen much more without the MOVES announcement until the end of the year. We hope that this trend improves in the coming months, since the uncertainty about the future of MOVES and about the existence of the additional deduction of up to €3,000, both measures that expire at the end of December, should boost demand now. And the fact is that we are still at a figure lower than what we should be registering and which places us very far from the 20% average that enroll in Europe. From the sector we continue to insist that aid is necessary, but so are other measures such as the development of the public access charging network and a tax policy that serves as a powerful purchase incentive, both for companies and individuals. All these positive messages must serve to ensure that the mentality of the Spanish citizen sees the electrified vehicle as their next purchase option when they approach a dealership.”