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New challenges for electric vehicles in major European markets

New challenges for electric vehicles in major European markets

While on the one hand some manufacturers are doing everything they can to offer electric vehicles that are more and more available, on the other hand electric cars are less and less interesting for companies.

We mean fleet customers. This comes from the Mobility Guide 2024 published by Ayvens, a subsidiary of Societe Generale specializing in leasing and fleet management for companies.

While in Europe TCO (total cost of vehicle ownership), which refers to all costs related to the ownership and use of the fleet, continues to favor electric vehicles compared to internal combustion engines, in France, on the other hand, there adult

A similar case is in Sweden and Spain. The curve has indeed inverted compared to last year, with a TCO of €0,45/km for an electric car, a slight increase, compared to €0,43/km for an internal combustion vehicle. This is an average compared to 48 month/120k km contracts.

How can this turn be explained? Ayvens gives two reasons. The first is the end of the environmental bonus for companies in February last year, which increased the cost of electric vehicles.

The second reason is that the prices of energy products have increased and are burdening companies' accounts.

On the other hand, the study does not mention anything about the residual value, which is known to be lower for an electric vehicle than for an internal combustion vehicle.

This could have an even more negative impact on TCO in the future. Another bad news for electric vehicle manufacturers, because during fleet renewal, companies watch every cent… /Telegraph/