The Italian electric car market slowed down in November.
Last month, 6,601 fully electric vehicles were registered, marking a 17.1% decrease compared to November 2023, with a market share of 5.3% (down from 5.7% in November 2023).
Over the first eleven months, 59,126 electric cars were registered in Italy, which is in line with the same period last year (-0.6%), with a market share of 4.1%, similar to the January-November 2023 period.
By 30 November, the Italian electric vehicle fleet consisted of 272,105 vehicles.
Considering all fuel types, the Italian car market saw a decline of 10.8% in November, with 124,618 units registered, keeping the same level as 2023 for the year-to-date, with 1,457,505 registrations (-0.2%).
Looking at the individual market segments, electric vehicles continue to remain broadly aligned with the overall car market: over the first eleven months, 53.5% of fully electric registrations were to private buyers (compared to 58.3% for all fuel types), 8.1% to company fleets (5.2% for all fuel types), 9.3% to self-registrations and dealers (10.7% for all fuel types), and 29.1% to rentals (25.8% for all fuel types).
When comparing to other major European countries, the market share of electric vehicles for the first 10 months of the year stands at 17% in France, 13.3% in Germany, 5.3% in Spain, and 18.1% in the United Kingdom, with Italy continuing to lag behind among the continent’s major markets (Italy’s market share for electric vehicles in the first 10 months was just over 3.9%).
“The dangerous stagnation of the Italian car market reflects the widespread climate of uncertainty surrounding the regulatory framework and the national public debate on the future of the automotive industry,” observes Francesco Naso, General Secretary of Motus-E.
“In such a critical phase for the sector, as the one we are currently going through,” Naso emphasises, “a clear and shared strategic direction from the institutions is more urgent than ever, with a strong national coordination for the sector, aligned with an international context in which the competitiveness of the Italian automotive supply chain will inevitably depend on its ability to embrace the global megatrends of electrification and digitalisation.”
