The Dutch automotive market is back in red, -22% year over year (YoY), but the plugin vehicle category continues in the fast lane (up 75% last month), thanks to 5,680 units registered in August.
Summer continues with a strong growth trend for the Italian EV market. With the broader car industry now in recovery mode as the coronavirus pandemic falls under control, and ahead of enhanced EV incentives recently passed by Italy’s government, July monthly car sales figures paint a well known picture of steady growth for electric mobility.
The Dutch automotive market is out of its pandemic-related disruption, having reached positive numbers in July (+4% year over year/YoY), but while the overall market has finally recovered, the plugin segment is officially in Warp Speed (up 139% last month).
Tesla Model 3 Keeps #1 Position, while Plugin Vehicle Market Share Hits 16% in June
Electric car sales are keeping their strong momentum in Italy. As the nation’s car market recovers from the coronavirus collapse of previous months, overall volumes are returning to healthy levels amidst strong signs of a new reality in the industry. June figures show consolidating trends of change that will likely lead to electric surprises in the second half of the year.
The worst is over for global car sales, following the coronavirus black swan that has put an indelible mark on 2020. With every nation slowly enacting new phases of reopening, the car industry can breath a sigh of relief, as car sales everywhere pick up momentum after an awful few weeks at near-zero. Fast in bouncing back is Italy’s market, which – although still about 50% down year-on-year – is way up from the April lows that saw it crater by 97.5% from the same month last year. So does this mean we’re back to business as usual? Not quite.
With the Netherlands overall market dropping 53% year over year (YoY), the local plugin vehicle market also once again slipped into red, dropping 28% YoY in May to 2,023 plugin registrations.
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%.
While the Netherlands does not have yet a full lockdown, the coronavirus pandemic has forced a wide range of businesses to shut down, slowing business significantly, so expect slow sales months at least in April and May … in the overall market, that is.
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%.
