The plugin electric vehicle market has exploded in the past year (in a good way), thanks especially to the European Union requiring that automakers sell more efficient vehicles (EVs) or pay big fines. All of a sudden, automakers have discovered that consumers will indeed buy millions of EVs if you … [continued]
While the overall automotive market in Portugal still in the doldrums (-39% year over year/YoY), plugin vehicle registrations hit a record month in September, with 1,844 plugins being registered there.
I recently published articles on the top countries in the world in terms of plug-in vehicle market share and fully electric vehicle market share — that is, the countries with the highest shares of their overall auto sales coming from plug-in vehicle sales or from 100% electric vehicle sales.
I recently published a report on the top 5 countries in terms of plugin vehicle market share (percentage of their auto sales coming from plugin vehicle sales). Underneath that article, some readers requested that I do a report focused only on fully electric vehicles. I thought that was a good idea, so here’s a report on that topic.
In January, I wrote about four countries leading the world in electric vehicle adoption — not in terms of absolute sales, but in terms of plugin vehicle market share in those countries. My main interest was examining how their adoption curves looked and if they were similar. Half a year later, here’s an update.
Portugal is a somewhat surprising bright spot in the electric vehicle market. It has one of the highest EV market shares (share of its overall auto market) in the world, yet is not a very wealthy nation like Norway of the Netherlands. And it’s EV market share hasn’t popped all of a sudden. The country has been doing well consistently for a while.
Europe’s largest auto market, Germany, saw January fossil fuel vehicle sales drop by over 15% year-on-year, with gasoline vehicles alone down over 17%. Meanwhile, EVs increased their market share to 6.5% from 2.5%. Europe’s big five markets are now at a combined 6.0% EV market share. What progress will full year 2020 bring overall?
Norway, the undisputed global leader in the EV transition, hit 64.4% EV market share in January, with over 44% share for pure electrics and 20% for plug-in hybrids. This best-ever-January result was achieved before 2020 shipments of the top selling Tesla Model 3 have even arrived in the country, with the Audi e-tron (902 units) and Renault Zoe (533 units) seeing the highest January volumes.
France, the world’s 8th largest auto market, just hit 11% electric vehicle market share in January, a year-on-year growth of 4×. Meanwhile, diesel and gasoline vehicle sales crashed by ~25% year on year.
