2024 will (again) be a record year for global sales of electric cars. But the goals set by the legislator are far from being fulfilled, especially in Europe, where there is no shortage of warning signs.

The most striking example is, of course, the registration data for the German market, the largest European market. After eight years of continuous expansion, For the first time, Germany is experiencing a decline in sales of electric vehicles, with full acceleration of energy transfer. Not surprisingly, the German market generally follows the trend we have seen in the EU in recent months.

Market too tight?

For the German market, the National Association of Manufacturers estimates that registrations will decline by 14% to about 451,000 units. According to the association, the reasons are simple: the termination of state aid and still high prices for electric cars. Added to this are delays in the development of charging infrastructure (the number of charging stations has increased, but more slowly than expected) and the partial recovery of rental companies that are reducing the purchase of electric cars for their fleets, including Hertz. .
In addition to the German market, electric vehicles in Europe are also experiencing difficult times for companies. A few days ago, Renault announced that its electric division Ampère will not be listed on the stock exchange. At least not now. The reason? The company’s management explains it as follows: “Groupe Renault believes that current market conditions do not allow for the continuation of the listing process and to best serve the interests of the group, its shareholders and Ampère”.

The electric car calendar has been turned upside down

So we can look forward to better days ahead, and Volkswagen seems to share the same opinion. According to Bloomberg, the German group is reviewing the IPO schedule of PowerCo, its battery company. The reason would be, as for Renault, slowing down the growth of the electric car market. Added to this is the need to better assess its production capacity. Indeed, it would be counterproductive to go into the stock markets and then claim that they are not producing enough batteries. The quote, again, is not in doubt, but Volkswagen is simply waiting for the right moment.

Speaking of terms: Volkswagen’s decision to delay the arrival of the ID.2 was made recentlydemonstrating that the ecological transition takes time to mature.

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