China × Cleantech — March 2019
Welcome to the next issue of China x Cleantech, the March 2019 edition. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website.
Welcome to the next issue of China x Cleantech, the March 2019 edition. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website.
The Swiss plug-in electric vehicle (PEV) market smashed its previous sales record (1,341 registrations) last month by registering 2,162 vehicles. That meant that the PEV share jumped to 7.5% (6.4% from fully electric vehicles and 1.1% from plug-in hybrids), pulling the 2019 PEV share to 5.3% and thus almost doubling last year’s result.
Last month, fully electric vehicles saw their registrations double year over year (YoY), pushing the overall market up +28% despite sales of every other powertrain type dropping at least 20%, which led to record fully electric vehicle (58%) and overall plug-in vehicle (69%) shares. As you already know, Tesla Model 3 deliveries went through the roof in March, with the model achieving 5,315 registrations, a new all-time record for any nameplate in Norway, whatever the fuel source.
After the December delivery peak, the Dutch plug-in electric vehicle (PEV) market had another sales surge last month, with 4,721 plug-in registrations, up 252% year over year (YoY). That translates into a PEV share of 12% in March, and pulls the year-to-date count to 10,424 units (+224%), with the 2019 PEV share now at 9%. If we only consider fully electric vehicles (BEVs), the EV share in March was 10% and in the first quarter was 7.4%.
February had 2,457 plug-in vehicle (PEV) registrations in February, up 232% year over year (YoY), which translates into a PEV share of 8.2%. That pulls the year-to-date (YTD) count to 5,713 units (+213%) and a 7.4% market share. Within the PEV market, fully electric vehicles (BEVs) represented 80% of registrations, or 5.9% of overall market share.
A perfect storm is brewing above the automotive industry. Three hardly grasped phenomena are working together. Just like a real storm, when the conditions align in the best/worst way, we get a devastating superstorm. These phenomena (or events) are the Osborne effect of delayed demand, the technology (cost) curve of battery prices and other technology, and the S-curve that describes market acceptance of new technologies.
The German plug-in passenger car market was up 17% to 6,767 registrations in January, with a seismic change happening in the fuels mix.
A four-year study by ICCT finds an electric Volkswagen Golf costs less to own than any other Golf model. Much of that is due to government incentives, which vary from country to country.
The Dutch plug-in electric vehicle market started 2019 on fire, as January had 3,271 plug-in vehicle (PEV) registrations. That was a doubling in sales year over year (YoY) and translated into a PEV market share of 6.9%! … And this is before the official landing of the Tesla Model 3. But more on that later.
The European passenger plug-in electric vehicle (PEV) market ended the year on a positive note, registering a near record 40,500 units in December (+23% YoY), with the 2018 count ending at a record 386,000 deliveries, a 33% increase over 2017. The 2018 PEV market share ended at a record 2.5%, thanks to an impressive 3.9% performance in December.