BMW EV & Plug-In Hybrid Sales Are Up 49% Globally, 646% In China
Sales of BMW’s electrified vehicles were up strongly in the first quarter of 2018, with China leading the way with more than a 600% increase.
Sales of BMW’s electrified vehicles were up strongly in the first quarter of 2018, with China leading the way with more than a 600% increase.
PEV Fever has definitely caught on in Germany, with April signaling 5,700 registrations, a 61% increase year over year (YoY). As a result, the plug-in electric vehicle (PEV) share climbed to 2.2% of the broader passenger vehicle market.
BMW has been working on wireless charging since 2014. Now, it says it will begin offering it on production cars, starting with the 530e iPerformance beginning in July.
The French plug-in electric passenger car market scored 2,833 registrations in April, up 34% year over year (YoY), with plug-in hybrids continuing to grow faster than all-electrics (PHEVs +46%, BEVs +28%). Altogether, that pulled the market up by 20% in 2018, to 13,725 plug-in car registrations in the first trimester of the year.
The Netherlands had 963 registrations in April, up 170% compared to the same period last year. That pulls the year-to-date (YTD) count to 5,472 units (+129%), while placing the 2018 share at 3.2%. Fully electric cars (BEV) represent a whopping 87% of all plug-in electric vehicle (PEV) sales.
As I discussed yesterday in a couple of pieces, Tesla Model 3 sales are beginning to look very good compared to gas cars in its class, and they should even give the top selling passenger cars in the United States a run for their money by summertime. I’m probably going to start doing monthly reports on those sales, but that doesn’t mean I’ll stop doing the super fun US electric car sales reports.
In the middle of last month, I published an article about expected Tesla Model 3 sales versus gas car sales in its class. To be clear, the estimates were for all models (not just the Tesla Model 3), with gas car estimates based on April 2017 sales and recent trends. It turned out that estimates for a few of the models were quite off — sometimes high, sometimes low. The good news is that makes this update all the more interesting.
The BMW iX3 electric concept car was finally unveiled at the Beijing Motor Show (Auto China 2018) last week. The long touted prototype of BMW’s first electric SUV was accompanied at the show by the BMW i Vision Dynamics four door concept, previously unveiled at the 2017 Frankfurt Motor Show and precursor of BMW’s future mid-size electric saloon (a Tesla Model 3 competitor). We now have an almost production-ready SUV prototype and a sedan concept indicating two new electric models coming to market over the next two to four years. Will this be enough to compete with Tesla’s skyrocketing growth and German rivals’ electrification plans in an increasingly crowded EV space?
The European passenger plug-in car market hit unprecedented levels last month, beating a two-year old record (34,000 units in December 2015) by scoring over 40,000 registrations. That’s 41% growth compared to the same period last year, and pulls the year-to-date count to 87,000 deliveries (37% growth). It allowed the 2018 market share to date to reach 2% (2.2% in March).
The Netherlands had 1,834 registrations in March, up 123% compared to March 2017. Last month actually resulted in a 4.3% plug-in vehicle share of the auto market, thus helping the 2018 share climb to 3.3%. The Tesla Model S was once again the monthly best seller, thanks to 588 registrations, allowing it to beat its own record of 576 deliveries, which dated back from December 2013…