Electric cars with high growth rates in declining overall market

Electric cars with high growth rates in declining overall market-declining

Despite declining approval numbers in important automotive markets, electric vehicles continue to travel in 2019. China and Norway remain the drivers of global electromobility. These are the core results of the new “Electromobile Report 2019” of the Center of Automotive Management (CAM) in Bergisch Gladbach near Cologne. The report regularly analyzes current market trends of the automotive industry and product strategies of global car manufacturers.

In China, demand for electric vehicles (pure electric cars and plug-in hybrids) increased by 52 percent in the first half of 2019, although the total market (including commercial vehicles) decreased by more than twelve percent. In the first six months, sales rose to 628 compared to the same period of the previous year.000 electric vehicles (New Energy Vehicles, including fuel cells, commercial vehicles, buses). The E-car sales amounted to half a million in 2019. At the same time, the market share of new registrations of electric vehicles increased from 2.9 to 5.1 percent. In China, the sales of PHEV go back while Bev Boomt. Around 80 percent of all sales of electric vehicles are purely battery electrical cars.

In Norway, in the first half of 2019, the market share of electric vehicles in the first half of 2019 is increasing to “only” for a record-breaking first quarter (61 percent market share) to “only” still 56 percent of new registrations (1. Half year 2018: 47 percent). At 23.400 electric vehicles was a plus of 22 percent recorded. The proportion of pure E vehicles (BEV) has risen to almost 50 percent, while the new registrations of plug-in hybrids (PHEV) have declined significantly to around ten percent.

The US stays in absolute terms in 2019 the second largest market for electric vehicles. After six months, new registrations moderately increased by 20 percent to 149.000 electric vehicles. While the sales of plug-in hybrids are declining, pure electric cars could increase their share to around two thirds of sales of E-vehicles. The market share of E-vehicles grows in a declining overall market (-2.3 percent) from 1.4 to now 1.8 percent of new registrations and thus remains in the international comparison at a low level. Market leader in the US is with distance Tesla, to the 56 percent of the E-vehicle sales. In June alone, around 21 were around 21.000 Tesla Model 3 sold.

Electric cars with high growth rates in declining overall market-high

Germany develops the third largest electromobility market and the direct competitor of Norway around the last podium area, which concerns the absolute sales figures. The German automobile market stagnated overall (+ 0.5%), while the electric vehicles can increase significantly. In the first six months of 2019 there was an increase of 41 percent to 48.000 newly authorized electric vehicles (June 2018: 34.000). This increases the market share of 1.8 to 2.6 percent. Sales of pure electric vehicles rose with around 31.000 by 80 percent, from plug-in hybrids by 0.9 percent to 16.500. At the same time, the new registrations for diesel stabilize in Germany. In the half of 2019, the market share of diesel vehicles was 33 percent (as of June 2018: 32.1 percent). The new registrations of petrol vehicles are again at a share of 59.4 percent (2018: 63.1%).

In France, the new registrations of e-cars in the first half of 2019 also increased strongly to 29.000 passenger cars (+ 38 percent). This increases the market share to 2.5 percent (2018: 1.8 percent). Around 73 percent of electric vehicle sales account for BEVS, 27 percent on plug-in hybrid.

In the United Kingdom, the sales of E vehicles in a market distreached by Brexit are also declining (-3.4 percent total market decline). In the half of 2019, a decline was seven percent to 27.000 E-vehicles recorded. The market share also slightly drops from 2.2 to now 2.1 percent.

Electric cars with high growth rates in declining overall market-declining

Dutch electromobility, on the other hand, shows enormous dynamics upwards. There, sales of electric vehicles increased by 122 percent to 20 in a total market declining with 10.4 percent.000 units. The market share increases from 3.6 to now above average 8.9 percent. At the same time, BEVs with 86 percent of E-vehicle approvals ensure great dynamics, with the Tesla Model 3 here also by far the most sold model.

“The electromobility is facing the breakthrough in the core markets of the automotive industry, we expect this from 2020,” says Student Manager Stefan Bratzel about the current evaluation. It is noteworthy that the E-vehicle sales in a total declining market have sometimes increased significantly and this dynamism mainly on higher sales pure electric cars.

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