France's plugin electric vehicle share reached 23.8% in February, up from 20.1% year on year.
The Tesla Model Y is now being produced at the rate of around 18,000 units per month at Gigafactory Berlin , all of which will be sold through to the European market. Some additional volume is still arriving from Shanghai.this year, plus more from Shanghai. This suggests that we could expect a given country’s monthly volumes to approximately double compared to last year — so long as purchasing power can keep up.
If supply volumes do indeed roughly double , the Model Y looks unassailable as Europe’s best seller again this year, with an even larger lead than it had in 2022. Tesla will of course still be in the mix, with an even more affordable model, which will be available at “Tesla volume”.France’s auto market has seen some recent recovery, with 7 consecutive months of YoY growth. Supply chain issues are slowly and steadily being resolved. However, despite these supply-side improvements, if economic sentiment is negative, the demand side may become the constraining factor, and it remains to be seen where the market’s equilibrium volume will sit.
Latest forecasts are seeing 0.2% economic growth in Q1 and Q2 — lacklustre, but better than much of Europe. This being the case, the overall auto market may continue its modest YoY recovery trend.
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