This text was guest-authored by Giles Kirkland, car expert and all-round motoring enthusiast.
As governments promote policies to lower carbon emissions, including higher taxes on top offending vehicle models, global automakers have been forced to set green goals for the future. As a result, 2019 was truly a springboard year for setting those plans in motion.
Europe is leading the way, with environmental and sustainability initiatives supporting the move toward electric vehicles and environmentally-friendly auto production processes. Changes in regulations proved to be a catalyst for a boom in end-of-year auto sales in Europe.
Despite a weak start to the year, overall European auto sales were 1.2% higher in 2019 than in 2018. In stark contrast, the world’s two largest car markets, China and the US saw a sharp decline in total auto sales by the end of 2019. This is largely due to ongoing trade negotiations.
Regardless, the interest in electric cars is very much gaining traction. According to a report by Edison Electric Institute, global EV sales increased 46% in the first half of 2019 as compared to the same period of the previous year. In Q3 alone, more than 87 thousand electric vehicles were sold in the US. The study also showed that new EV sales increased against an overall automobile market that was down 1% in Q3 of 2019.
What’s Influencing Car Buyers’ Adoption of EVs?
The push toward an all-electric vehicle world is on, but adoption is still slow due to several factors, including a limited selection of models available, perceived higher price tags of electric vehicles, and insufficient charging infrastructure.
Average EV prices around the world are, in actuality, not much off from the average sales price of new combustion engine vehicles. For example, the average price of an EV in the USA is around $35,000 while the average sales price of a new car including all models was $36,718. Electric cars cost less in China where their medium price is at around $27,000, while in Europe it is closer to USA prices – at $34,000.
About the author:
Giles Kirkland is an environmentally conscious car expert with passion for combining the newest technologies with a healthy lifestyle. He gives sustainable living and driving tips and shares his ideas on everything from electric vehicles to the alternative energy sources. Giles’ articles are available at Oponeo and on Twitter.