May saw plugin EVs at 18.5% share in Germany, down from 22.9% year on year, in a continuing hangover from the unexpected incentive cuts.
May saw plugin EVs at 18.5% share in Germany, down from 22.9% year on year, in a continuing hangover from the unexpected incentive abandonment in late December. BEVs were down some 31% in YoY volume, while PHEVs were up 2%. Overall auto volume wasunits, down 4% YoY, and down 27% from 2017–2019 seasonal norms . The best selling BEV in May was the Volkswagen ID.3.
All of these factors are combining to put a squeeze on BEV purchases, relative to other powertrains, and thus we are seeing BEV volume drops, and loss of share, this year. Year to date 2024, cumulative BEV share now stands at 12%. At this point in 2023, it stood at 15.0%. That’s a YoY shrinking in BEV share of 20%, in Europe’s largest auto market – not good news for the transition in Europe.YTD), from 23% year on year.
As for new arrivals on the German market, May saw five debutants. The new Peugeot 3008 saw its first deliveries, with 67 units. SeeNext up was the new BYD Seal U, an SUV brother to the Seal sedan. It saw an initial 31 delivery units in May. This is a Tesla Model Y competitor, but priced a bit lower, from €42,000 vs €45,000 for the Tesla. More details in the
Thanks to strong performance in May and April, the VW ID.3 has climbed to second place, from 10th place prior. Its volume has climbed 88% over the period. Mercedes Group has climbed strongly over the period, increasing share from 11% to 14.8%. Its close rival, BMW Group, dropped a spot to 3rd, and lost share from 14.6% to 12.4%.
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