September saw plugin EVs take 21% share in Germany, predictably down from 32.3% year on year, as a hangover from new incentive cuts.
This is the flip-side of August’s large pull-forward, and fully expected. Overall auto volume wasunits, unchanged YoY, and roughly in line with pre-2020 seasonal averages. The Tesla Model Y was the bestselling EV.
As also mentioned in last month’s report, this is not the end of the affair. January 1st 2024 will bringLet’s look at unit volumes to get a sense of the size of the BEV hangover. In the past 3 years, Germany’s September BEV volumes have been in the range ofIf we look at the sum of the August and September volumes however, BEVs are still up some 55% YoY.
The Opel Corsa, in 3rd, and the 4th placed Opel Mokka, both strongly outperformed in terms of rank, thanks to not dropping September volume as much as the BEV average. The Corsa and Mokka have YTD average ranks of #12 and #18 respectively. Here the Volkswagen ID.4 / ID.5 takes the lead, just ahead of the Tesla Model Y, a reversal of their positions in the April-to-June period. As mentioned above, the Tesla is still 32% ahead of the VW on 2023 YTD volume.
Hyundai group, which was hampered by model refreshes in the prior period , has now recovered to a decent third place, with 10.8% share of the BEV market. Nonetheless, the EV transition still has relative tailwinds. Road fuel prices are close to a 30 year high , whereas electricity prices have come down from the 2022 peaks to close to 2018-2021 levels. This means that the total-cost-of-ownership advantage of plugins, and especially BEVs — compared to ICE vehicles — are significant for those buyers in a position to take a long term view of their spending, or on a long term lease.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
21 Savage cleared to legally travel abroad with plans of international performance in LondonRapper 21 Savage can now legally travel outside the United States and plans to make his international performance in his native London.
Read more »
21 Savage Cleared to Legally Travel AbroadThe rapper has officially become a permanent U.S. resident and may now go overseas.
Read more »
21 Savage 'Lawful Permanent Resident' of U.S. as Immigration Saga Ends“London, I’m comin home,” rapper declares, teasing his first-ever concert in his birth nation of England
Read more »
No. 23 LSU hangs for 49-39 win over No. 21 MissouriLSU quarterback Jayden Daniels accounted for four touchdowns and nearly 400 total yards while the LSU defense made a massive play at an incredibly important time to give the No. 23 Tigers a 42-39 win
Read more »
Gronowski, South Dakota St. beat Illinois St. 40-21, extend win streak to 19 gamesMark Gronowski accounted for four touchdowns, Isaiah Davis had 198 yards rushing and two TDs and South Dakota State beat Illinois State 40-21 to extend the Jackrabbits’ program-record win streak to 19 games. South Dakota State, ranked No. 1 in the FCS coaches poll and the defending national champion, has not lost since dropping its 2022 season opener at Iowa, 7-3. Gronowski threw two TD passes before Cullen McShane forced a fumble on a kickoff that was recovered by Caleb Francl at the Redbirds 2
Read more »
21 Savage cleared to legally travel abroad with plans of international performance in LondonRapper 21 Savage can now legally travel outside the United States and plans to make his...
Read more »