Hot Hot Hot! — France Electric Car Sales Report
After January’s record performance, the French plug-in electric vehicle market continued on fire in February, seeing 13,317 registrations last month.
After January’s record performance, the French plug-in electric vehicle market continued on fire in February, seeing 13,317 registrations last month.
Probably the most interesting question we asked in these surveys was one of the simplest: “What do you think your next EV model will be?” It is particularly interesting because it gives us a strong sense of where the market is headed, and combined with answers to some other questions (see the next chapter), it also tells us a bit about which features and specs matter the most to EV buyers.
The Dutch plug-in vehicle (PEV) market grew 51% in February, to 3,685 plug-in registrations. So, after a light hangover (-2% year over year/YoY) in January, the Dutch plug-in market is back on track, with last month’s PEV share at 12%, pulling the year-to-date PEV share to 9.4%.
Sweden’s plug-in passenger vehicle sales grabbed 24.3% market share in February, more than doubling year on year from 11.8% in February 2019. Internal combustion engine (ICE) vehicle sales declined dramatically, with petrol vehicle sales falling 24% and diesels falling a massive 36% compared to February 2019.
France, a market of over 2 million annual auto sales, saw plug-in passenger vehicle market share of 7.95% in February, following January’s record 11% share. Pure electrics (BEVs) took 5.6% of the market, and plug-in hybrids (PHEVs) 2.3%. The year-to-date EV market share stands at 9.3%.
Germany, Europe’s single largest auto market, saw February plug-in vehicle market share hit 6.9%, consolidating January’s growth trend. Meanwhile, February’s overall auto volume fell by 10.8% year-on-year in Germany, from 268,867 to 239,943, with combustion vehicles taking all of the losses.
New record sales mean that exactly 10 times as many full electric cars were sold in February 2020 compared to the same month last year.
The European passenger plug-in vehicle (PEV) market scored a near-record 75,000 registrations in December (+121%!), this being the first time since 2015 that the European PEV market scored a three-digit growth rate, with plug-in hybrids/PHEVs growing faster (+174% year over year, or YoY) than fully electric vehicles/BEVs (+89%), with the powertrain breakdown becoming more balanced between both.
Renault published its 2019 results on Valentine’s Day. It is unlikely the company made its shareholders happy. The company lost €383 million in 2019. Thanks to a €242 million bonus from Nissan, only €141 million was charged to the shareholders.
Have you noticed how a lot of the latest electric vehicles (EVs) and concept cars have like 3–5 different screens in the car? Here are a couple of examples: