That's one heavy car....
Lux Research Claims Most Electric Cars Remain Unprofitable
In April Lockdown, Italy’s Car Market Stares Into The Abyss, But Not BEVs
As the worldwide coronavirus lockdown stormed all nations’ economies throughout the month of April, the car industry witnessed a near-complete shutdown of unprecedented proportions. The extent of it is clearly shown in Italy’s car sales for the month, which were down a jaw-dropping 97.5% year over year. This was widely anticipated since a severe lockdown began in March and the market started its precipitous descent, but it is dramatic nonetheless. . . .
A total of 4325 units were sold over the month throughout the country, compared to over 175,000 twelve months before, and to almost 29,000 in March as the lockdown started.
Virtually all powertrain segments were badly affected more or less equally. Petrol and diesel cars, as well as hybrids and plug-in hybrids, were nearly wiped out by the pandemic, ending the month between -95/-98% year over year. Full electric cars, however “only” lost about 58% from the same month last year. At 500 units sold in April, BEVs are the only powertrain segment to show some resilience, which is all the more significant as April 2019 was a banner month, marking the start of national EV incentives that would boost electric car sales in Italy to double the previous year’s levels. In such a paper-thin market, this means 11.6% of all April car sales were fully electric, a monthly record that will be hard to beat for a long while. . . .
Germany: Plug-In Electric Car Sales Increased In May 2020
New passenger car registrations in Germany decreased in May by 49.5% year-over-year to 168,148, which is not great news.
However, against all odds, the plug-in segment is growing quickly - by 56% year-over-year to 12,333. The market share also remains very high - 7.3%.
A closer look at the stats reveal that plug-in hybrids are expanding significantly faster than all-electric cars:
BEVs: 5,578 – up 20% at ~3.3% market share
PHEVs: 6,755 – up 107% at ~4.0% market share. . . .
How consumers’ behavior in car buying and mobility is changing amid COVID-19
France: In May 2020 Plug-In Electric Car Sales Up By 61%
Despite in early May France was still in lockdown and that the overall market declined by almost 50%, the plug-in electric car market expanded significantly.
In total, some 7,564 new plug-in electric cars were sold last month (up 61% year-over-year). The BEV and PHEV passenger cars (7,167) had more than 7.4% market share. Only light commercial vehicles still need to recover.
Passenger BEVs: 4,111 (up 50%), at 4.3% of the market
Passenger PHEVs: 3,056 (up 134%), at 3.2% of the market
Light commercial BEVs: 397 (down 37%)
Total plug-ins: 7,564 (up 61%)
Sales after the first five months:
Passenger BEVs: 31,250 (up 89%)
Passenger PHEVs: 12,989 (up 99%)
Light commercial BEVs: 2,297 (down 30%)
Total plug-ins: 46,536 (up 76%). . . .
Italy’s BEV Market Soars 53% As Tesla Model 3 Leads June 2020 Sales
. . . Standard diesel and petrol sales were down 35% and 29% respectively year on year, a heavy burden for legacy carmakers struggling to reset in the year of the pandemic. Conventional plugless hybrids, boosted by a growing choice of new models, are absorbing part of the gap as they physically replace older ICE offerings no longer for sale (accounting for 12% of this month’s volumes).
Full electric cars sold near top levels, with 2228 units placed (1.7% market share), up 53% from the 1454 cars sold in June 2019, which was last year’s monthly record in a much healthier market for the industry. This result marks the second-best month to date following record February sales of 2530 BEVs, achieved before coronavirus hit the market. Plug-in hybrids also had a banner month, with 1645 units sold (up a whole 315% from less than 400 units sold a year ago), giving PHEVs a 1.2% market share. Plug-in cars thus accounted for 2.9% of the Italian market, nearly triple the market share just twelve months ago and consolidating May sales results for the country. . . .