Will 2016 be the year of the electric car?

Will 2016 be the year of the electric car?

Will 2016 be the year of the electric car? An article in Diners, the financial supplement of last Saturday’s edition of the newspaper La Vanguardia, highlights a fact that has long been on the cards. Electric cars have gone beyond the point of just being a green or eco-friendly phenomenon and they now represent a new rising general consumer trend in the automobile market. The following statistic should suffice to provide a solid example: sales of electric cars in Spain are growing 16 times faster than sales of conventional motor vehicles. If we also add the fact that sales during the first two months of this year account for one quarter of all the electric vehicles sold in 2015, then this serves to demonstrate the undeniable growth in electric cars.

“The revolution in electric vehicles could be more drastic than governments and oil companies think”

This rising growth in electric vehicles is not just limited to Spain. Blomberg New Energy Finances estimates that, by 2040, 35% of all cars that are sold will be electric. The European Electric Road Vehicle Association is even more optimistic. If developments in technology and batteries follow the current trend, over 80% of the vehicles registered in 2030 will be electric for a reason directly related to prices.

Official subsidies: Let’s start recharging our batteries!

Under the Movea plan, subsidies of between 2,700 and 5,500 euros are available, to which another 750 euros can be added if a second-hand car is purchased. Not only that, but the car dealer will arrange for a charge point to be fitted in the customer’s home. In Catalonia, low-emission taxis and commercial vehicles will be subsidized and, what is more, electric vehicles have beneficial treatment when it comes to toll roads, parking and reduced charge rates.

It is important to remember that the growing demand for vehicles also helps to bring down the vehicle production price due to the law of supply and demand. At a European level, Spain heads the sector’s production of electric vehicles, with models like the Renault Twizy, Mercedes-Benz Vito or Nissan eNV200, which is made in Barcelona. As a result, buying an electric car is a good way of contributing to the country’s industrial growth.

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