France saw plugin electric vehicles take 20.9% share in April, from 17.3% year-on-year.
The bottom half of the table was similarly shuffled due to the Tesla Model Y dropping off from its previous #7 spot. The models ranks are otherwise largely in line with recent performances.
Now that the Renault Megane is ramping up production, we can expect it to become a regular face inside the top 10 in the coming months.The various crises in Europe are having an impact on supply chains, industrial costings, general consumer price inflation, and public sentiment, so it is no surprise that the overall auto market is down year-on-year.
With fuel prices rising, there is plenty of demand for plugins, but limited supply and long waiting lists. As these conditions endure, we can expect demand for combustion powertrains to continue to drop off. Since available volume of plugins cannot quickly ramp up to compensate, we should expect overall auto market volumes to continue to be far down on pre-pandemic levels for the foreseeable future.
Of the total volume of autos that do get sold, plugin share will continue to climb higher over time, and we can expect share well above 30%, perhaps as high as 40%, in the final quarter of 2022. What are your thoughts on the French auto market, and the broader European picture? Please jump in to the discussion below.
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