EV sales surge in Italy as August marks start of new incentives

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Italy’s car market is back in full swing after a horrible Spring and a progressive recovery from early Summer. Official August market figures are out and offer a very upbeat picture. A market improvement was broadly anticipated, as this month marks the introduction of new incentives aimed at electric mobility and low emission ICE vehicles. What remained to be seen was which powertrains would benefit the most from the new policy.

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July EV sales rise in Italy as new incentives loom

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Summer continues with a strong growth trend for the Italian EV market. With the broader car industry now in recovery mode as the coronavirus pandemic falls under control, and ahead of enhanced EV incentives recently passed by Italy’s government, July monthly car sales figures paint a well known picture of steady growth for electric mobility.

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Italy’s BEV sales doubled in first half of 2020 – the only way is up

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Italy’s EV market is finally getting hot. Following months of unprecedented growth and despite an incredibly adverse time in history, electric mobility has now reached the halfway point of this infamous year with outstanding figures, doubling sales from 2019. And the most important aspect is, we haven’t seen anything yet.

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Italy set to increase EV incentives to 10,000€ – are car makers ready?

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The Italian government is preparing new fiscal measures to sustain the economic recovery, following months of lockdown at the peak of the coronavirus pandemic. Like in many other countries, particularly so in Europe, economic stimulus is being directed preferentially to a sustainable recovery, especially in the transport and construction industries. As part of proposed new measures, current incentives to low emission vehicles are set to be increased by at least 50% from August for the rest of the year, to levels aligned to similar policies recently adopted in countries like France and Germany.

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Italy’s BEV market up 53% as Tesla Model 3 leads June sales

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Electric car sales keep their strong momentum in Italy. As the nation’s car market recovers from the coronavirus collapse of previous months, overall volumes are returning to healthy levels amidst strong signs of a new reality in the industry. June figures show consolidating trends of change that will likely lead to electric surprises in the second half of the year.

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May sales show signs of things to come in Italy’s car market – BEVs up 55% YoY

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The worst is over for global car sales, following the coronavirus black swan that has put an indelible mark on 2020. With every nation slowly enacting new phases of reopening, the car industry can breath a sigh of relief, as car sales everywhere pick up momentum after an awful few weeks at near-zero. Fast in bouncing back is Italy’s market, which – although still about 50% down year-on-year – is way up from the April lows that saw it crater by 97.5% from the same month last year. So does this mean we’re back to business as usual? Not quite.

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1.35 cents/kWh: Record Abu Dhabi solar bid is a sober reminder to upbeat fossil fuel pundits

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A rather meaningful piece of energy news went almost unnoticed in recent weeks. The Abu Dhabi Power Corporation announced the lowest tariff for solar energy in the world. The new record came as the winning bid for the upcoming 2 GW solar power plant, the Al Dhafra Solar PV project, set the world’s most cost-competitive tariff for solar PV energy, at USD 1.35 cents/kWh (AED 4.97 fils/kWh in local currency). This is approximately 44% lower than the tariff set just three years ago for the ‘Noor Abu Dhabi’ project – Abu Dhabi’s first large-scale solar 1.2GW PV project and a world record tariff-setter at the time – which commenced its commercial operation back in April 2019.

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In April lockdown, Italy’s car market stares into the abyss – but not BEVs

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As the worldwide coronavirus lockdown stormed all nations’ economies throughout the month of April, the car industry witnessed a near complete shutdown of unprecedented proportions. The extent of it is clearly shown in Italy’s car sales for the month, which were down a jaw-dropping 97.5% year over year. This was widely anticipated since a severe lockdown began in March and the market started its precipitous descent, but it is dramatic nonetheless.

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Italian EV sales stay afloat in catastrophic March for car industry

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A matter of weeks. That’s all it took for the Coronavirus pandemic to change the face of the world and wreak havoc at an unprecedented scale on all aspects of human life. The economic fallout of this health emergency has proved particularly quick and devastating on the transport sector, as entire continents try to slow the spread by adopting strict lockdowns. It won’t come as a surprise then, to see the car industry’s March sales numbers already showing the full effect of this crisis.

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Italy’s EV sales hit new records in February amidst wider market crisis – 10 times last year’s sales

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February sales figures for the Italian EV market were awaited with interest, following a great start of the year last month. Would earlier trends be confirmed? Stats released by Unrae are now out and the numbers don’t disappoint, in fact new record sales mean that exactly 10 times as many full electric cars were sold in February 2020, compared to the same month last year.

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