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Diesel Share of European Market Could Shrink to 9%
Diesels, which currently power about half the new passenger vehicles sold in Europe, will see their market share drop to 9% by 2030, predicts consultants AlixPartners LLC.
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Diesels, which currently power about half the new passenger vehicles sold in Europe, will see their market share drop to 9% by 2030, predicts consultants AlixPartners LLC.
The Southfield, Mich.-based firm tells Automotive News Europe that an industry pivot to electrified powertrains will cause much of the erosion as carmakers attempt to meet tougher European emission standards. Equipping diesels to satisfy such regulations will raise their price and make them less viable for inexpensive small cars, says Vice Chairman Stefan Avera.
The shift in power sources will cause the number of European factories making gasoline/diesel engines and vehicles to drop 11% to 55, AlixPartners estimates. At the same time, the number of plants that produce electrified vehicles or motors for them will surge 54% to 40.
Aversa tells ANE a European factory able to make 400,000 electric drivetrains per year costs only €50 million ($56 million) to erect and equip—only 10% as much as the price for a piston engine plant.
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