Eco Wheels in Motion: November 2023 Electric Mobility Highlights(II)

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As November unfolds, the global landscape of electric mobility continues to paint a vivid picture of progress and challenges alike. In this edition of “Eco Wheels in Motion,” we delve into the latest developments that have shaped the electric vehicle (EV) realm. From the resilient dominance of EVs in Norway amidst a contracting overall car market to the resurgent French auto market witnessing a surge in new car sales and EV adoption, and from the triumphant performance of Ford, Hyundai, and Chevrolet in the U.S. non-Tesla EV market to the pivotal crossroads faced by Canada in its EV charging strategy. Join us on a journey through the highlights that November 2023 brings to the world of electric mobility.

National flag of Norway

Norway: EVs Maintain Dominant Market Share Despite Overall Car Market Contraction in October

new-passenger-plug-in-car-registrations-in-norway-october-2023 (1)

Overview of Norwegian Car Market in October:

  • The Norwegian car market witnessed a significant 29 percent YoY decrease in October, resulting in 8,925 new registrations.
  • The year-to-date figure stands at 104,424, reflecting a deeper decline of -9.4 percent YoY.

Dominance of Rechargeable Vehicles:

  • Despite the overall decline in new car purchases, rechargeable vehicles maintain a stronghold with an ultra-high market share.
  • According to the Norwegian Road Federation (OFV), 8,151 new passenger plug-in cars were registered in October, constituting 91.3 percent of the total volume.

Electric Vehicle Breakdown:

  • All-electric car registrations declined by 23%YoY to 7,516, holding an 84.2 % market share.
  • Plug-in hybrids (PHEVs) represented 7.1 % market share with 635 new registrations, but with a 44 %YoY decrease.
new-passenger-plug-in-car-registrations-in-norway-october-2023-b (1)

Market Share Composition:

  • Gasoline vehicles constituted only 1.0 %of the market, diesel vehicles 2.2 %, and non-rechargeable hybrids 5.5 %, totaling 8.7 %.
  • The data suggests a shift towards selling predominantly plug-in cars, as seen with Volkswagen’s plans starting in 2024.

Year-to-Date Plug-in Car Registrations:

  • In 2023, more than 94,000 new passenger plug-in electric cars have been registered in Norway, representing around 90 percent of total car sales.
  • The breakdown includes 87,190 new registrations for BEVs (down 3%) and 7,278 for PHEVs (down 36%), constituting a 90.5 % market share.
Flag of France

Resurgent French Auto Market: Surging New Car Sales and EV Adoption in 2023

Overall Market Performance:

  • The French automobile market is experiencing a notable upswing in 2023, in stark contrast to global trends.
  • New car sales have surged, reaching 1,441,007 units from January to October, reflecting a substantial increase from the previous year’s 1,237,048 units.
  • Key players driving this success are Stellantis and Renault Group, securing 30.7% and 26% of the market share, respectively.

Fuel Preferences and Sustainability:

  • Gasoline remains the dominant fuel type, constituting 37.2% of new car sales.
  • Notably, there’s a significant shift towards sustainable options, with hybrids and electric vehicles accounting for 33% and 16% of sales, respectively.

Top-Selling Models:

  • Leading the sales charts are the Renault Clio, Peugeot 208, and Dacia Sandero.
  • In the electric vehicle segment, the Tesla Model Y stands out, securing the eighth spot overall, showcasing Tesla’s influence in the French electric car market.

Contrast with Global Trends:

  • While the global automobile market faces a downturn, the French market thrives, primarily driven by a remarkable 53% market share held by electric cars.
  • The French government’s commitment to electric mobility, supported by incentives and subsidies, has spurred widespread adoption of electric vehicles.

Hybrid Vehicles, Chinese Brands, and Industrial Production:

  • Hybrid vehicles enjoy considerable popularity, constituting 36% of the market.
  • Chinese brands like MG are making inroads, especially in the electric car segment, although their future trajectory remains uncertain.
  • Despite a slight dip of 0.4% in industrial production in September, the overall third-quarter increase by 0.2% year-on-year is noteworthy.
  • DELFINGEN INDUSTRY, a global auto parts manufacturer, reported a significant 4.6% growth in business activity in Q3 2023, adding a positive note to the industrial landscape.
National flag of America

Ford, Hyundai, and Chevrolet Dominate U.S. Non-Tesla Electric Vehicle Sales in Q3 2023

ford-mustang-mach-e

Introduction and Growth Overview:

  • Despite perceptions of a slowdown in the electric vehicle industry, U.S. sales numbers for Q3 2023 defy expectations.
  • There is a remarkable 98% YoY increase, with approximately 130,000 all-electric vehicles sold during the quarter.
  • Anticipation surrounds the expectation of continued robust growth into the following year.

Scope and Participants:

  • Recognition that not all manufacturers, particularly newer ones like Tesla, Rivian, Polestar, or Lucid, report U.S. sales results.
  • Focus on traditional automakers reporting all-electric car sales, including Audi, BMW, General Motors, Cadillac, Chevrolet, Ford, and others.

Q3 Sales Highlights:

  • Ford emerges as the leader in Q3 with 20,962 all-electric vehicles sold in the U.S., overcoming earlier challenges.
  • Hyundai secures the second position with 16,738 electric cars, excluding data for the Kona Electric bundled with the gas model.
  • Chevrolet claims the third spot with 15,872 units, mainly Bolt EV/Bolt EUVs, slated for discontinuation.
  • Other notable performers include BMW, Volkswagen, and Mercedes-Benz.

Year-to-Date Performance:

  • Reviewing the first nine months of the year, Chevrolet leads with 49,531 units, closely followed by Ford at 46,671 units, setting the stage for a competitive race for the top non-Tesla BEV brand.
  • Hyundai secures the third position with at least 33,624 units.
  • Prominent mentions include BMW, Mercedes-Benz, Volkswagen, and Rivian, with potential sales exceeding 30,000 units.

Industry Trends and Growth:

  • Observations from a tree map chart highlight the commitment of specific manufacturers to all-electric cars compared to other mainstream or premium companies.
  • A total volume of over 316,000 units from the 19 mentioned brands in Q1-Q3 signifies a 94% YoY increase, indicating the established brands’ growing share in the BEV segment.
  • The overall BEV segment, including Tesla, surpasses 850,000 units by the end of September, as reported by Experian.
Flag of Canada

Crossroads for Canada's EV Charging Strategy

tesla-model-y

Current Charging Strategy:

  • Focus on populous public areas and multi-family residential buildings.
  • Concerns raised about effectiveness in rapidly increasing EV adoption.

Advocacy for Single-Family Homes:

  • Some groups emphasize focusing on single-family homes, where over 80% of charging occurs.
  • Calls for making upgrades more affordable for owners of older homes.

Challenges in Remote Areas:

  • Auditor General and other groups argue for more efforts in remote and low-income communities.
  • Private sector unlikely to address challenges in these areas.

Government Targets and Challenges:

  • Government aims to phase out combustion vehicles by 2035.
  • Challenges include the extensive national highway system and cold winters affecting battery efficiency.

Financial Support and Future Plans:

  • Canada Infrastructure Bank loans C$210 million to Parkland Corp for EV charging network expansion.
  • Calls for increased financial support to homeowners, especially in older homes.
  • Government plans to subsidize new charging stations and aims for at least 442,000 public chargers by 2035.

In this snapshot of November 2023’s electric mobility landscape, the diverse narratives of progress and challenges converge to define a dynamic industry on the brink of transformation. Stay tuned for further updates as the wheels of eco-friendly innovation continue to turn.

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