Kia Niro EV #1 In Covid-19 Impacted Dutch Market
With the Netherlands escaping a full lockdown, the economic slowdown hasn’t been as devastating as in other markets, with the overall market dropping just 53%.
With the Netherlands escaping a full lockdown, the economic slowdown hasn’t been as devastating as in other markets, with the overall market dropping just 53%.
The Tesla Model 3 accounted for approximately 21% of new small & midsize luxury car sales in the USA in the first quarter of 2020*. For some perspective, the BMW 2 Series, 3 Series, 4 Series, and 5 Series together combined for approximately 15% of the segment’s share.
There’s one model that has been compared to the Tesla Model 3 more than any other. The BMW 3 Series. But how do they really compare?
Looking at collapsing used auto sales recently, I referenced a market research report from iSeeCars that showed a used Tesla Model 3, on average, lost 5.5% of its original value after one year, a much better result than any other vehicles on the market.
The European passenger plug-in vehicle market had 84,000 registrations in March (+41% year over year/YoY), a great performance considering the effect that several lockdowns across the continent have had. Furthermore, this is while the overall auto market was crashing (-52% YoY), inflating last month’s plug-in vehicle share to an amazing 9.9% (6% fully electric vehicles/BEVs). That pulls the 2020 plug-in vehicle (PEV) share to 7.5% (4.3% for BEVs alone), well above the 3.6% result of 2019.
BMW South Africa has been at the forefront of promoting electric mobility in South Africa. The BMW i3 has been the only electric model that has been consistently available in South Africa since 2015, hence it is tops of the all-time sales charts with 405 units sold since 2015.
With the Chinese market slowly returning to normal, now that China has endured the first wave of the COVID pandemic, sales have started to recover from February’s fall into the abyss. In March they dropped just 51%, to around 60,000 units, a significant improvement from the 65% fall of the previous month.
We’ve covered the superiority of the Tesla Model 3 compared to other cars in its class in a number of different ways. Add to the list the fact that Tesla Model 3 buyers are holding onto their cars much more than buyers of competitors in the midsize premium car market.
Despite the Covid-related lockdown in the second half of the month, the German plug-in vehicle market score signaled another record performance in March, its third in a row — 19,145 plug-in vehicles (EVs) were registered. With the overall market dropping 38% year over year (YoY), last month’s plug-in share reached a record 8.9% (4.8% fully electric/BEV), pulling the yearly tally to an amazing 7.3% (3.7% BEV).
We report on plug-in vehicle sales in many markets, but we’ve only reported on South Korea’s electric vehicle sales twice over the years. Perhaps it’s time to start giving this major economy more attention. Electric vehicle (EV) market share in South Korea rose to 3.3% in March, and 2.3% in the first quarter as a whole.