The Italian electric car market has shifted direction once again.
After the progress seen in September, October saw 4,963 fully electric cars registered, a 13.3% drop compared to the same month last year, with a market share of 3.9% (down from 4.1% in October 2023).
In the first 10 months of 2024, a total of 52,523 electric cars were registered in Italy, marking a 2% increase compared to the same period last year and maintaining a 3.9% market share, consistent with January-October 2023.
As of 31 October, Italy’s electric vehicle (EV) fleet comprised 266,098 units.
Considering all types of propulsion, the Italian car market saw a 9.2% decline in October, with 126,806 units registered, while in the first ten months of the year, there was a slight increase of 0.9%, totalling 1,332,807 registrations.
In terms of market segments, EVs are performing in parallel with the overall car market.
Over the 10 months, 53% of fully electric registrations were from private individuals (58% for all types), 8% from corporate fleets (5% for all types), 9% from self-registrations and dealerships (11% for all types), and 30% from rentals (26% for all types).
Looking at other major European countries, in the first nine months of the year, electric car market shares reached 17.2% in France (20.4% in September), 13.1% in Germany (16.6% in September), 5.2% in Spain (8.6% in September), and 17.9% in the UK (20.5% in September).
Italy consistently remains at the bottom, with a market share of just under 4% for electric cars over the first nine months.
“Italy’s delay in adopting electric mobility highlights the need for a clear strategy to protect and revitalise the national automotive sector,” emphasises Motus-E President, Fabio Pressi.
“For consumers and the industry, navigating a volatile scenario like Italy’s is extremely complicated,” Pressi continues, “consider the announcement of a new demand support plan at the Automotive Table at MIMIT last August.
“This plan is now difficult to interpret given the Government’s intent to withdraw 80% of already allocated funds from the Automotive Fund.”
“In the interests of businesses and workers in the supply chain, and for the benefit of the entire country,” Pressi concludes, “it’s crucial to have an open and constructive dialogue to shape the future of a central industry for the national economy.”
