[{"data":1,"prerenderedAt":726},["ShallowReactive",2],{"story-article/why-is-ev-adoption-in-portugal-so-much-greater-than-in-spain-":3,"ticker-data":183},{"id":4,"uuid":5,"name":6,"slug":7,"full_slug":8,"content":9,"relatedArticles":181,"relatedVideos":182},237734098065004,"d85f1b02-a96c-4a48-9486-7b257d108cf9","Why is EV adoption in Portugal so much greater than in Spain?","why-is-ev-adoption-in-portugal-so-much-greater-than-in-spain-","article/why-is-ev-adoption-in-portugal-so-much-greater-than-in-spain-",{"_uid":10,"date":11,"tags":12,"editor":22,"content":32,"excerpt":150,"featured":151,"reporter":152,"component":162,"seo_title":6,"categories":163,"visibility":170,"data_vis_image":171,"featured_image":174,"seo_description":178,"side_panel_banner":104,"formattedDate":179,"formattedArticleDate":180},"6daf6f4d-f10d-41d2-aece-d801d4ceb08b","2026-11-03 00:00",[13,16,19],{"slug":14,"name":15},"ev-sales","EV Sales",{"slug":17,"name":18},"spain","Spain",{"slug":20,"name":21},"europe","Europe",[23],{"slug":24,"name":25,"content":26},"benjamin-roche","Benjamin Roche",{"job_title":27,"image":28,"bio":30,"linkedin":31},"Editor – Energy Transition Supply Chains",{"filename":29},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":33,"attrs":34,"content":36},"doc",{"backgroundColor":35},null,[37,65,94,106,111,121,133,138,145],{"type":38,"attrs":39,"content":40},"paragraph",{"textAlign":35},[41,44,54,56,63],{"text":42,"type":43},"Portugal’s ","text",{"text":45,"type":43,"marks":46},"electric vehicle",[47],{"type":48,"attrs":49},"link",{"href":50,"uuid":51,"anchor":35,"target":52,"linktype":53},"/article/global-ev-sales-reach-2-15-million-units-in-september-2026","bf7cdcc4-9420-4336-b97f-508fbad0b191","_blank","story",{"text":55,"type":43}," (EV) penetration rate surpassed 50% for the first time in September 2026, as 58% of new passenger cars and light duty vehicles registered for the first time were either a ",{"text":57,"type":43,"marks":58},"battery EV",[59],{"type":48,"attrs":60},{"href":61,"uuid":62,"anchor":35,"target":52,"linktype":53},"/article/us-resists-rapid-global-expansion-of-chinese-bev-market-share","73900094-bdce-4976-8269-2039fb4d744d",{"text":64,"type":43}," (BEV), plug-in hybrid EV (PHEV) or range extended EV (REEV). While neighbouring Spain also experienced a record EV penetration rate in September of 30%, Portugal has long led Spain in terms of EV adoption, despite both having operated EV subsidy schemes in recent years. The design of Portugal’s tax incentives is largely responsible.",{"type":38,"attrs":66,"content":67},{"textAlign":35},[68,70,77,79,85,87,92],{"text":69,"type":43},"Tax design in Portugal largely favours EVs, whereas little is done in Spain regarding tax to penalise internal combustion engine (ICE) vehicles and reward EV adoption. For instance, Portugal’s vehicle registration tax is expensive by ",{"text":71,"type":43,"marks":72},"European",[73],{"type":48,"attrs":74},{"href":75,"uuid":76,"anchor":35,"target":52,"linktype":53},"/article/upstream-and-downstream-policy-push-europe-regional-spotlight","4ab2b302-3480-429b-a26f-74299f0c55e6",{"text":78,"type":43}," standards and BEVs are totally exempt. In ",{"text":18,"type":43,"marks":80},[81],{"type":48,"attrs":82},{"href":83,"uuid":84,"anchor":35,"target":52,"linktype":53},"/article/stellantis-secures-e133-million-from-spain-for-potential-gigafactory","b9ad1ff3-b9df-4669-b912-afcb63278966",{"text":86,"type":43},", all new passenger cars with CO",{"text":88,"type":43,"marks":89},"2",[90],{"type":91},"subscript",{"text":93,"type":43}," emissions under 120g/km are exempt from the vehicle registration tax.",{"type":95,"attrs":96},"blok",{"id":97,"body":98},"8896f981-ddb0-4a68-a4d5-fec79de32172",[99],{"id":100,"_uid":101,"type":102,"component":103,"fixed_height":104,"use_fixed_height":105,"fixed_height_mobile":104,"fixed_height_tablet":104},"30789593","i-02117b6b-5452-4bfd-a126-04e4fe55343b","visualisation","ContentFlourish","",false,{"type":38,"attrs":107,"content":108},{"textAlign":35},[109],{"text":110,"type":43},"Choosing a BEV company car in Portugal, meanwhile, potentially provides a 50% saving over a 4-year period compared to an ICE vehicle, whereas in Spain it might provide just an 11% saving. Portugal’s lower car buying rate has also played a role in making it easier for the government to target EV adoption, because a greater proportion of vehicle purchases are being made by the upper percentiles of Portugal’s wealth distribution.",{"type":112,"attrs":113,"content":115},"heading",{"level":114,"textAlign":35},2,[116],{"text":117,"type":43,"marks":118},"Reductions must be gradual to avoid reversing progress",[119],{"type":120},"bold",{"type":38,"attrs":122,"content":123},{"textAlign":35},[124,131],{"text":125,"type":43,"marks":126},"George Whitcombe",[127],{"type":48,"attrs":128},{"href":129,"uuid":35,"anchor":35,"target":52,"linktype":130},"https://intelligence.benchmarkminerals.com/video/watch/china-s-role-in-europe-ev-market","url",{"text":132,"type":43},", senior EV analyst at Benchmark, said: “With tax incentives providing such strong support for Portugal’s EV market, there is potentially cause for concern that the government may seek to make up lost tax revenue as the nation’s EV penetration rate grows, and these incentives may be unwound.",{"type":38,"attrs":134,"content":135},{"textAlign":35},[136],{"text":137,"type":43},"“In this scenario, gradually unwinding will be essential to avoid spooking consumers and setting back the market’s EV transition. More consumers becoming first-time EV drivers under these tax incentives will be vital to sustaining strong EV penetration rates if and when the government decides to remove its incentives.”",{"type":112,"attrs":139,"content":140},{"level":114,"textAlign":35},[141],{"text":142,"type":43,"marks":143},"Other factors less influential",[144],{"type":120},{"type":38,"attrs":146,"content":147},{"textAlign":35},[148],{"text":149,"type":43},"Portugal’s lead comes despite Spain’s in GDP per capita, which often translates to greater EV penetration rates. Both countries have also operated subsidy schemes that were effectively a refund after the vehicle was purchased, with Spain’s schemes traditionally more generous and with significantly larger budgets relative to the size of both their populations and car markets.","Portugal’s electric vehicle (EV) penetration rate surpassed 50% for the first time in September 2026, as 58% of new passenger cars and light duty vehicles registered for the first time were either a battery EV (BEV), plug-in hybrid EV (PHEV) or range extended EV (REEV). While neighbouring Spain also experienced a record EV penetration rate in September of 30%, Portugal has long led Spain in terms of EV adoption, despite both having operated EV subsidy schemes in recent years. The design of Portugal’s tax incentives is largely responsible.",true,[153],{"slug":154,"name":125,"content":155},"george-whitcombe",{"job_title":156,"image":157,"bio":159,"linkedin":160,"markets_covered":161},"Analyst - EV",{"filename":158},"https://a.storyblok.com/f/287943243085208/500x500/e5fa44ebf8/george-whitecombe.jpeg","George is an EV Analyst at Rho Motion, working in the EV & Battery research team. He works extensively on global EV sales and production analysis, considering the economic and legislative factors that influence both. He also focuses on the strategy of automotive OEMs in the transition to EVs and feeds that into the team’s view on global vehicle markets. George graduated from the University of Exeter with a First Class Honours degree in Politics, Philosophy and Economics.","https://www.linkedin.com/in/george-whitcombe-2320111b6/","EV and Battery","article",[164,167],{"slug":165,"name":166},"ev","EV",{"slug":168,"name":169},"geopolitics","Geopolitics","private",{"id":35,"alt":35,"name":104,"focus":35,"title":35,"source":35,"filename":104,"copyright":35,"fieldtype":172,"meta_data":173},"asset",{},{"id":175,"alt":104,"name":104,"focus":104,"title":104,"source":104,"filename":176,"copyright":104,"fieldtype":172,"meta_data":177,"is_external_url":105},129070687678830,"https://a.storyblok.com/f/287943243085208/900070f9ae/bm-portugalflagg.jpg",{},"Portugal’s electric vehicle (EV) penetration rate surpassed 50% for the first time in September 2026, as 58% of new passenger cars and light duty vehicles registered for the first time were either a BEV, PHEV or REEV.","Nov 03, 2026","3rd November 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