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Electric cars: 6840 km0 are still in stores

The conclusion of the year witnessed a substantial surge in the automotive domain, with electric vehicles (EVs) maintaining a nearly identical market share as the preceding year. However, profound scrutiny by Data Force indicates that a considerable portion of the registered zero-kilometer (0km) cars are essentially self-registered by sellers.

While this makeup of self-registration is a prevalent strategy for inflating quarterly results and sustaining market share, a plethora of licensed Battery Electric Vehicles (BEVs) find themselves languishing in showrooms, eagerly awaiting a new owner. Data Force’s analysis adeptly unveils which 0km EV models top the list in terms of registrations under dealer names.

Unveiling the Reality of Electric Cars in Italy – A Data Force Analysis

Electric Cars’ Growth in November 2023: More Than Meets the Eye
Electric cars: 6840 km0 are still in stores

Data Force’s meticulous analysis accentuates a remarkable surge in the automotive market during November 2023, primarily attributed to the phenomenon of self-registration. This trend witnessed a 10% spike, marking a staggering +61.7% increase for the month, contributing to a cumulative figure of 147,935 since the year’s inception. November private sales accounted for 57%, indicating a notable uptick of +17.33%, surpassing the market average. Corporate registrations capped at 5%, while short-term lease registrations held a modest 1.5%.

Unraveling the Mysteries of Electric Car Registrations

Within the automotive sector, the electric car segment demonstrated a 55% growth in November 2023. However, a significant portion of the 0km registered vehicles didn’t immediately find their way to end consumers. The Data Force analysis reveals that in November 2023 alone, there were 7,966 registered Battery Electric Vehicles (BEVs), a notable increase from the 5,131 recorded in the same period of 2022. Extending the timeline to January-November 2023, the tally reached 59,478, in stark contrast to the 44,523 reported during the equivalent period in 2022.

The Exported Odyssey of Electric Cars – Data Force’s Insights

Electric Cars on the Global Stage: A Data-Driven Perspective
Electric cars: 6840 km0 are still in stores

Data Force’s press release for the penultimate month underscores the mounting pressure from car manufacturers on dealerships. A noteworthy 7,966 BEVs were registered during this period, surpassing the 2022 figures by over 2,800. This catapulted the market share to 5.7%, maintaining a cumulative annual market share of 4%, aligning closely with 2022 statistics. Laura Gobbini, Project Manager and Data Analyst at Dataforce Italia cautions that this surge would be more auspicious if a substantial number of these registrations promptly found private or corporate buyers. The reality, however, paints a different picture, with many electric cars languishing in the hands of sellers. Meanwhile, the sellers grapple with the dual challenge of preserving lithium-ion battery efficiency and preventing premature degradation.

Electric Cars on the Global Move: Beyond Borders

Data collected by the consulting firm reveals that since the beginning of the year, a considerable number of 0km electric cars self-registered in Italy have found their way to foreign shores. A total of 631 units were exported to countries such as Belgium, Germany, Switzerland, Denmark, and France. These nations, once fervent proponents of the electric revolution, now seek end-of-season offers from the U.S., having exhausted their incentives.

Decoding Dealer Dilemmas – The Tale of 0km Electric Cars

The Inventory Enigma: Models in Limbo

In the initial 11 months of 2023, a total of 6,840 self-registered electric cars remain in stock, as per Ministry data meticulously processed by Data Force. Prominent among these are zero-kilometer electric cars from Fiat 500 Electric, Peugeot e-208, and Jeep Avenger Electric. Conversely, brands with a meager registration share of around 1%, encompassing Tesla, Dacia, Ford, and Suzuki, irrespective of fuel type, find themselves at the lower end of the spectrum. To delve deeper into the statistics, click on the image below for a comprehensive view.

In essence, the narrative of electric cars in Italy, as dissected by Data Force, unveils a complex tapestry of registrations, exports, and inventory challenges. The juxtaposition of surging self-registrations and the subsequent predicament of these vehicles in dealerships presents a nuanced perspective on the evolving landscape of the electric automotive market.

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  • Ideapot

    Welcome to my world! I'm Goutam Kumar Dutta, the brains behind this platform. As an author and the proud owner of this site, I'm on a mission to bring you the latest and most intriguing sports news from various genres. But it's not just about sports - entertainment in all its forms also captivates my interest. Whether it's analyzing the latest match or delving into the world of entertainment, I strive to provide comprehensive coverage and valuable insights.

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