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SCHMIDT AUTOMOTIVE RESEARCH
Edition No. 10 2024: 2024 to mark the final year of a 3-year flat 15-17% BEV new car mix corridor. Regulatory acceleration around the corner
Edition No. 10 2024 European Electric Car Study – West European Electric Passenger Car Market Trend Study covering the period January -October 2024
"2024 is set to see the West European new pure electric (BEV) passenger car market fall within a stagnant new car penetration mix corridor of between 15-17% for the third consecutive year (see forecast on page 6). While the market is beginning to resemble an autonomous vehicle struggling to deal with road signals and simply resigning itself to the side of the road with emergency lights flashing, this is likely to be the final year of stagnation. By the time 2024 comes to an end, BEVs will finish the year soaking up between 0.2 and 0.3 ppts less market share over the previous year's level (2023 16.9%), translating to 1.93 million total units (2023: 1.96 mn). However, this was not entirely unexpected and shouldn't necessarily be used as a representative case of market health. After all, this study factored in a flat 2024, into its first editions published half a decade ago. Why?"
Automotive market intelligence study aimed at the automotive industry stakeholders and strategic planners, policymakers and all those with a holistic vested interest in the industry and the direction it's heading in.
32-Page PDF market intelligence market summary:
- by market
- by manufacturer
- by Chinese manufacturer (a full page dedicated to the Chinese OEMs' progress in Europe and outlook)
- by top-selling models (BEV and PHEV)
- by sector
- CO2 monthly fleet average analysis by selected brands
- by BEV/PHEV mix by manufacturer
- 12-month rolling trends
- analysis update on the latest market trends
- forward-looking commentary
- total region forecast to 2030
- BEV Parc data/trend
*18 West European markets include: EU Member States prior to the 2004 enlargement plus EFTA markets Norway, Switzerland and Iceland, plus UK
