This is likely due to the increased demand for electric vehicles and the limited supply in the used car market,’ Azofra explained. ‘As more EVs enter the market, we may see further stabilisation of prices or even a slight increase in the future.’
Looking at PHEVs, Azofra noted that these vehicles also experienced a decrease in prices but at a slower rate compared to BEVs. This could be attributed to the fact that PHEVs have a longer range than BEVs and are seen as a more versatile option for consumers.
Overall, the outlook for EV residual values in the German market seems positive, with a potential for stabilisation and even growth in the future as the market continues to mature.
In conclusion, the webinar provided valuable insights into the current state of the EV market in Europe. While there are challenges ahead, such as economic uncertainty and regional inconsistencies in adoption rates, the overall outlook for electric vehicles remains promising. With the support of government incentives and a focus on addressing the used car market, the transition to EVs is likely to continue gathering momentum in the coming years. The recent price adjustments in the automotive market have led to an increase in market congestion. However, experts predict that the adjustments expected this year will be milder. According to a webinar by Autovista Group, Belgium was forecasted to experience a larger negative adjustment due to the higher presence of Battery Electric Vehicles (BEVs) in the market. A comparison with Germany revealed similarities, but both markets are at different stages of their EV transition.
In Belgium, the outlook for 2025 is more negative, but by 2027, the impact is expected to be minimal and even positive. On the other hand, Spain, with slower EV adoption, shows greater stability in key performance indicators. The age of cars on offer and increasing stock days indicate market saturation, with prices remaining stable.
BEVs are expected to face further pressure in 2025 due to stock saturation of outdated models lacking the latest technologies. Car manufacturers are under pressure to meet CO2 targets, leading to a continued push for EVs in the new-car market. This may result in more incentives and pricing competition.
The webinar also discussed the possibility of price parity between BEVs, Plug-in Hybrid Electric Vehicles (PHEVs), and Internal Combustion Engine (ICE) models. In Germany, the analysis showed that diesel had the best Total Cost of Ownership (TCO) at 48 months and 40,000km, followed by BEVs, petrol, and PHEVs. The higher list price and depreciation of BEVs were highlighted, along with advantages in insurance and servicing costs.
Conversely, the Netherlands showed a different TCO outcome, with BEVs being the cheapest option, followed by PHEVs. Diesel was the most expensive choice. Tax advantages for EVs in the Netherlands contributed to the TCO advantage. The webinar concluded with an invitation to the next event, “Driving the Future: EV Trends Transforming the Global and European Market,” scheduled for May 22, 2025.
In summary, the automotive market is undergoing significant changes with the increasing presence of EVs. Price adjustments and market dynamics are shaping the future of mobility, with different countries experiencing varying impacts based on their EV adoption rates and policies. Stay informed and join upcoming webinars to stay ahead of the curve in the evolving automotive industry. The world is constantly changing and evolving, with new technologies emerging every day. One of the most exciting developments in recent years is the rise of artificial intelligence (AI). AI has the potential to revolutionize industries, from healthcare to finance to transportation, and its impact is already being felt in our daily lives.
One area where AI is making a significant impact is in healthcare. With the ability to analyze vast amounts of data quickly and accurately, AI is helping doctors diagnose diseases earlier and more accurately than ever before. Machine learning algorithms can sift through patient records, lab results, and medical images to identify patterns and make predictions about a patient’s health. This can lead to earlier detection of diseases like cancer, which can significantly improve outcomes for patients.
AI is also being used to personalize treatment plans for patients. By analyzing a patient’s genetic makeup, medical history, and lifestyle factors, AI algorithms can recommend the best course of treatment for that individual. This can lead to more effective and targeted therapies, reducing side effects and improving patient outcomes.
In addition to diagnosis and treatment, AI is also being used to improve the efficiency of healthcare systems. By analyzing patient flow, resource utilization, and administrative processes, AI can help hospitals and healthcare providers streamline their operations and reduce costs. This can lead to shorter wait times for patients, better allocation of resources, and overall improvements in the quality of care.
But AI is not just limited to healthcare – it is also being used in other industries to improve efficiency and drive innovation. In finance, AI algorithms are being used to analyze market trends, predict stock prices, and detect fraudulent activity. In transportation, AI is being used to optimize routes, reduce traffic congestion, and improve safety on the roads.
As AI continues to evolve, its impact on our lives will only grow. While there are concerns about the ethical implications of AI, such as privacy and bias in algorithms, there is no denying the potential benefits that AI can bring to society. From improving healthcare outcomes to driving innovation in other industries, AI has the power to transform the way we live and work.
In conclusion, artificial intelligence is a powerful tool that has the potential to revolutionize industries and improve our lives in countless ways. As AI continues to evolve, it will be important for policymakers, industry leaders, and the public to work together to ensure that AI is used ethically and responsibly. With the right approach, AI has the potential to create a brighter future for all of us.
