Global plugin vehicle registrations were up 19% in March 2024 compared to March 2023. There were 1.3 million registrations. BEVs were up by 7% YoY, while plugin hybrids jumped 50% YoY, with March being its second best month ever.
Volkswagen Group placed two models in the top 20. The VW ID.4 ended the month in 13th and the VW ID.3 ended in 19th, while the Audi Q4 e-tron wasn’t too far behind, ending in 21st with 9,765 registrations. Still on the topic of BYD, the BYD Han jumped three positions, to #10, thus putting 6 BYDs in the 2024 top 10. Also, the Destroyer 05 jumped onto the table, right into the 13th position.
As for Tesla, with the “unwinding of the delivery wave” and the sales drop in Q1, the March result wasn’t much to celebrate, but it still tripled the sales of #3 BMW…., BMW won the last position on the podium, and then a surprising Mercedes ended in 5th with a record 38,069 registrations — much thanks to good results across itslineup, like the EQA and EQB scoring 6,000 units each and the recently introduced Mercedes GLC PHEV getting 4,200.
Outside the best sellers table, Leap Motor , Peugeot , and Zeekr ended close to the top 20 and will be strong candidates to return there in the following months., there wasn’t much to report at the top. BYD is ahead of Tesla, and the US brand has three times as much registrations as the #3 BMW. Considering Tesla’s recent share drop and Geely’s significant growth, will we see the Chinese juggernaut threaten Tesla’s silver medal by year end?
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