Hybrid vehicles to account for 35% of the market, says Cepsa’s Energy Outlook 2030
Demand for road fuels in Spain will decrease by 1.7 million tonnes over the next few years due to the increasing efficiency of new vehicles in terms of consumption and the increase in the sale of electric cars, according to Cepsa’s Energy Outlook 2030.
Cepsa has launched its Cepsa Energy Outlook 2030 research report in Spain, which analyzes global socioeconomic trends and models in order to explain what the future energy map will look like, with a special focus on Spain.
Although there will be a decrease in cars, Cepsa believes heavy goods vehicles, such as trucks and buses, will maintain constant demand through increased activity and efficiency gains will be more modest.
According to this study, combustion engines will account for 96% of the mobile fleet in Spain in 2030, with petrol being levied against diesel, and car registrations falling from 61% to 15%.
Electric cars will experience moderate but continuous growth, their share of sales will be 15% of the total, compared to negligible levels seen today. However, hybrids will be more competitive and economical and will become the preferred option for meeting Europe's emissions targets, reaching 35% of the total. As such, by 2030, half of new vehicles are expected to have some kind of electrification.
"In our report we anticipate an evolution of the energy mix: oil derivatives will continue to dominate, but renewable energies will be the clear winners. We expect that by 2030, the production of solar and wind energy in Spain will double compared to current production,” said Héctor Perea, director of Strategy at Cepsa.
The launch, which took place in Madrid today, was attended by Spain’s Minister for Energy, Tourism and Digital Agenda, Álvaro Nadal.
