"EVs slowly becoming ubiquitous on Main Street"
Full report available here
Key Updates:
W-European plug-in market remains ahead of China
German BEV volumes draw level with California's market
Pool party – With VW opening its EU CO2 pool, will Daimler follow suit?
Daimler's plug-in push sees supercredit busting smaller PHEVs pick up the pace
German monthly plug-in passenger car production moves above 40,000 units
Total plug-in volumes remain on target to reach 1 million this year
SUV/Crossover largest BEV sector so far this year
CO2 values remain at new historically low levels, with large falls in UK/Germany
As West-European new plug-in passenger car registrations approach 1- in-10 this year (9.1% Aug YTD, with a near-even split between PHEV and BEVs, contributing in the race to 2020 EU CO2 compliance), following the summer holiday 'retournez', the market is expected to further silently pick-up the pace this September, while heading towards 1 million combined units in an 11 million market this year.
With indications of a second COVID wave on the horizon and a potential consequence of more lock-downs, the market was boosted in August by those manufacturers in particular that are late to the CO2 compliance game with the finish line possibly arriving earlier than expected.
As a result – and somewhat of a surprise – Volkswagen Group announced a form of CO2 "hedging" in September by opening up its CO2 pool to the end of October for 2020 membership, while announcing that Chinese joint venture partners, SAIC, under its MG brand (see new product review, page 3) has joined. MG has had a relatively successful year (Fig. 08/12), seeing its BEV volumes surpass Jaguar's, Mercedes' and ŠKODA's...
This is just a summary of The European Electric Report Car Sales Monthly Market Intelligence Report which is published on a monthly basis and are available here.
Comments