The electric car market is experiencing very encouraging global growth

Produced through an international network of law firms and Avere, the 2022 Energy Transition Observatory confirms that electric mobility is consolidating en masse around the world.

The law firm De Gaulle Flagrance et Associés, in collaboration with Avere France, presented this Thursday, June 2, 2022, its observations on the state of the transition to electric mobility in the world. With the help of several correspondents, the observatory comments on the boom in the electric vehicle market, which accounts for 12% of global car sales in 2021 (only 1% in 2013). With 6 million vehicles registered, the firm’s president, Louis de Gaulle, attributes this growth mainly to the State volunteerism .

Everywhere, this rapid development has been driven by the voluntarism of the States

Louis de Gaulle, De Gaulle Flagrance and Associates

It also highlights the good ability to install charging points in the Netherlands and Norway’s leadership in the deployment of vehicles with 86% of its car market completely renovated. Asked about the report, Leonardo Paoli of the IEA (International Energy Agency) said that these countries have a clear ambition and a definite opportunity, in which there is no room for “maybe” .

The race the incentive

China has repeatedly become the undisputed market leader with more than 3 million vehicles sold in 2021. It is also the country with the highest concentration of factories as 75% of the infrastructure is in the country. India is also participating in this race with a total of 380 factories installed. When it comes to purchasing assistance measures, financial incentives are often adopted, especially with tax breaks in the latter two countries. In Europe, France is cited as European champion in financial aid , through the various purchase aid measures such as the ecological bonus without income conditions, the conversion bonus or the electricity adaptation bonus. The list of incentive policies seems to be extended with the president-elect’s proposal to introduce a long-term rental scheme at 100 euros / month. Even though Energy Transition Minister Agns Pannier-Runacher clarified last week that the measure would be resource-tested and not yet relevant. Finally, in the case of Germany, the country stands out for its non-monetary measures in favor of the electric vehicle (dedicated parking spaces, authorization to use bus lanes, low-emission zones, etc.).

Policies for the installation of different recharging points in constant increase

In terms of the deployment of recharging points, China relies more on the countries represented (Germany, Saudi Arabia, China, France, India, Poland, Turkey) with 7 cars per recharging point compared to 14 in France, which remains close to the European average. . Specifically, in 2021, more than 53,600 terminals were identified in France (an increase of 64% in one year). In Poland, there are many incentives, such as the absence of building permits. Although many installation targets are set in each country, Turkey is committed to a policy of mass installation of recharging points before a subsequent financial incentive for consumers.

Finally, we can highlight the nascent involvement of Saudi Arabia and more particularly the NEOM project, a completely carbon-free smart city where the electric car will have a place of choice.

In Europe, this favorable momentum can only increase if the European Parliament and the Member States validate the Commission’s proposal to end the sale of thermal vehicles in 2035 as part of the Fit-for-55 package. And even without that goal, Avere estimates that electric vehicles will capture 50% of the European automotive market share in 2025 and 90% in 2030.

Article published on June 6, 2022

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