March saw plugin EVs take 22.9% share of the UK auto market, barely up from 22.4% year on year. Full electric share fell, while plugin hybrid share grew. Overall auto volume wasunits, up 10% YoY, though still far below pre-2020 norms. The UK’s leading BEV brand was Tesla, ahead of BMW.
The brands shedding volume YoY were Tesla, MG, Volkswagen, and Polestar. This could be due to temporary logistics ebb-and-flow, or it could be demand falling for these brands. Other things being equal, demand falling might seem unlikely, especially in the case of MG, which offers the UK’s best value BEVs., however, a cooling of demand could simply be an effect of the UK’s broader economic recession.
The Model Y took 80% of Tesla’s volume, with the Model 3 just 20%, a ratio of 4:1. Their normal ratio is closer to 2:1 or 3:1, but Tesla has said that the Model 3’s supply to Europe from Shanghai has recently been affected by shipping delays, due to the troubles in the Red Sea region. It was a similar story for sibling brand Lexus, increasing volume from around 100 units to 700 units across the period, climbing from 34th to 25th.Almost equally skewed were the Stellantis brands, collectively going from around 2,650 units in Q4 to around 9,200 in Q1. Worst amongst them was Peugeot, going from 20th place to 7th between the periods.
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Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »