Amping Up: Latest Developments in Electric Mobility (December 2023 I)

Table of Contents

Welcome to the latest edition of “Amping Up: Latest Developments in Electric Mobility (December 2023 II),” where we bring you the most recent and noteworthy updates in the world of electric vehicles (EVs). As we dive into the key highlights from around Europe, it’s evident that the electric mobility revolution is gaining unprecedented momentum. From a surge in EU car sales, with EVs leading the charge, to remarkable developments in Hungary and Belarus, and a groundbreaking shift in the Netherlands towards plugin vehicles–our December roundup promises an exciting journey through the dynamic landscape of electric mobility.

EU flag

EU October Car Sales Surge: Up 14.6%, EV Sales Jump by Over 36%

A red EV

Overview of EU Car Sales in October:

  • New car sales in the European Union experienced a significant increase of 14.6% in October.
  • The growth was fueled by a notable surge in the sales of fully electric cars, contributing to the EU’s 15th consecutive month of sales growth.

Electric Vehicle Performance:

  • Fully electric car sales registered a remarkable increase of 36.3% compared to the previous year.
  • Full hybrid sales also demonstrated substantial growth, rising nearly 39% during the same period.
  • Fully electric cars constituted 14.2% of total sales in October, surpassing diesel car sales for the third time.

Decline of Diesel Cars:

  • Diesel cars, which once accounted for over 50% of EU car sales in 2015, represented only 12% of sales in October.
  • This marks a significant decline, highlighting a shift in consumer preferences away from diesel vehicles.

Electrified Vehicle Market Share:

  • Electrified vehicles, including fully electric models, plug-in hybrids, and full hybrids, comprised over 47% of all new passenger car registrations in the EU from January to October 2023.
  • This represents a notable increase from the 42% market share recorded in the same period the previous year.

Industry Concerns and Automaker Performance:

  • Despite the positive trends, concerns exist about a potential plateau in electric vehicle (EV) sales as consumers await more affordable models.
  • Sales performance of key automakers in October: Volkswagen increased by 9.9%, Stellantis rose by 11.3%, and Renault saw a notable growth of 24.3%.
  • The overall number of new vehicles registered in October across the EU, Britain, and the European Free Trade Association (EFTA) grew by 14.1% to reach 1.04 million units, according to the ACEA.
Flag of Hungary

Hungary 2023: Skoda Sees a 53.3% Surge as Auto Market Dips 2.2% in YTD Sales

Hungarian Vehicles Market in October 2023:

  • Market grows by 1.7% in October, breaking four months of decline with 8,402 new sales.
  • YTD figures at 91,489, down 2.2% from the previous year.
  • Skoda secures 2nd place with a 53.3% increase in sales.

Brand-Wise Analysis and Model Performance:

  • Toyota leads with 12,239 sales, a 10.8% increase.
  • Skoda rises four spots with 9,226 units sold, up 53.3%.
  • Suzuki claims 3rd place with 8,952 sales, down 10.4%.
  • Skoda Octavia becomes the new best seller, up 70.8%.
  • Suzuki SX4 S-Cross, last year’s leader, down 19.0%.

Medium-Term Market Trend and Future Challenges:

  • Last decade: Market peaks at 157,790 sales in 2019.
  • Pandemic impact: 2020 sees a 19% decline; further drops in 2021 and 2022.
  • Challenges in early 2023: Global supply chain disruptions, chip shortage.
  • Hungarian Government push towards EVs may face consumer resistance due to higher costs.
Flag of Belarus

Belarus Drives Electric Transport Adoption with Expanded EV Charging Network

Strategic Electric Transport Embrace:

  • Belorusneft prioritizes electric transport, proactively addressing infrastructure and legislation for timely charging station operation.

Global EV Trend and Belarus Prep:

  • Globally, electric vehicles are set to be 20% of 2023 sales.
  • Belorusneft readies with a charging network for 20,000 vehicles.

Current Electric Vehicle Landscape in Belarus:

  • Belarus has 7,000 registered electric vehicles and supports hybrids, totaling 12,000-14,000 vehicles.

Charging Infrastructure Expansion Plans:

  • Belorusneft aims for 86 superfast charging complexes by 2030, with enhanced capacity to meet rising demand.

Belorusneft's Profile and Contribution:

  • Established in 1966, Belorusneft specializes in oil exploration and actively builds an electric vehicle charging network in Belarus.

Energy Expo Forum Overview:

  • Energy Expo forum focuses on fuel and energy innovation, showcasing projects in electric energy, gas, digital development, and ecology.
National flag of Netherlands

Nearly Half of New Cars in the Netherlands are Now Plugin Vehicles!

Overview of Plugin Car Sales in the Netherlands in November:

  • In November, 46% of new car sales in the Netherlands were plugin cars.
  • Full electrics accounted for 34% of these sales.
  • The plugin vehicle (PEV) market reached 46% of the overall auto market, with 12,902 units registered, marking a 34% YoY increase.

Year-to-Date Performance and Market Trends:

  • Year-to-date, plugin car sales constituted 43% of the overall market (30% BEV).
  • Pure electrics represented 30% of new vehicle sales, making up 74% of all plugin sales.
  • The overall market had 28,256 registrations.

Top Models and Market Segmentation:

  • The top 6 models in the market were predominantly electric or heavily electrified.
  • Only two models in the top 6, Kia Picanto and VW Polo, lacked plugin versions.
  • Tesla Model Y secured the top spot, followed by Tesla Model 3, Volvo XC40, and Kia Niro.

December Projections and Potential EV Transition:

  • The December plugin share is expected to reach around 50%.
  • The full year is projected to end around 44%, indicating a significant EV transition in the Dutch market.
  • The lower half of the market still requires affordable small EV options.

Model-Specific Insights and Market Dynamics:

  • Tesla’s Model Y reclaimed the top position in November, with Model 3 securing the second spot.
  • Volvo XC40 took the third position, while Kia Niro ranked fourth.
  • Notable performances from MG4, Skoda Enyaq, and BMW’s i4 and iX1 were observed.

Brand and OEM Rankings:

  • Tesla led the brand ranking with 11.5%, marking its fourth best-seller title.
  • BMW and Volvo were in a close race for the second position, each with 8.5%.
  • Stellantis and Volkswagen Group were the leading OEMs, with Stellantis slightly ahead, and a close competition for the annual title.

December 2023 has brought forth a series of electrifying developments across Europe. The surge in EU car sales, particularly the remarkable 36% jump in EV sales, indicates a growing appetite for sustainable transportation. Hungary’s surge in Skoda sales amidst a slight market dip showcases the resilience and appeal of electric offerings. Belarus’s commitment to expanding its EV charging network underscores the global push toward green transport. Lastly, the Netherlands’ milestone achievement of nearly half of new cars being plugin vehicles reflects a tangible shift towards a more sustainable automotive future.

 

As we bid farewell to 2023, these developments serve as a testament to the ongoing transformation and promise of electric mobility on a global scale. Stay tuned for more electrifying updates in our next edition!

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