January 2024: Electrifying the Roads – Latest Updates in Electric Mobility(I)

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In the ever-evolving landscape of electric vehicles, the year 2023 unfolds with resounding achievements that echo the global commitment to sustainable and eco-friendly transportation. Norway takes center stage, surpassing the notable milestone of over 100,000 electric vehicle registrations, a testament to the nation’s unwavering dedication to reducing carbon footprints. Simultaneously, across the Atlantic, Ford’s triumphant strides in the United States mark a paradigm shift in the automotive industry, setting new records for EV sales in December, the fourth quarter, and the entirety of 2023. As these accomplishments reverberate, it becomes increasingly evident that the world is not merely witnessing a change in how we commute but actively embracing a revolution in mobility.

Flag of Norway

Norway Achieves Over 100,000 Electric Vehicle Registrations in 2023

Tesla-model-y-2023

Overview of Total New Passenger Car Registrations in Norway (2023):

  • Total new passenger car registrations: 126,953
  • Breakdown by electric vehicles: 104,590 Battery Electric Vehicles (BEVs) and 10,169 Plug-in Hybrids (PHEVs)
  • Overall market contraction: 27.2% decrease compared to 2022, with 47,363 fewer passenger cars registered
  • BEV market contraction: 24.4%
  • PHEV market growth: 36.9%
  • Share of BEV passenger cars in the total new registration market: Increased from 79.3% in 2022 to 82.4% in 2023

Performance in December (2023):

  • New electric car registrations in December: 8,957
  • Monthly market performance: -72.6% compared to December 2022
  • Pure electric cars’ share in total new passenger car registrations in December: 73.6%

Top Electric Car Models in 2023:

  • Tesla Model Y: 23,085 total registrations for the year, market share of 18%
  • VW ID.4: 6,614 total registrations, market share of 5.2%
  • Skoda Enyaq: 5,740 total registrations, market share of 4.5%
  • Toyota bZ4X: 5,395 total registrations, market share of 4.2%

Top Electric Car Models in December (2023):

  • Tesla Model Y: 1,366 new registrations
  • Toyota bZ4X: 792 new registrations
  • Volvo XC40: 524 new registrations
  • Ford Mustang Mach-E: 458 new registrations
  • VW ID.4: 269 new registrations
  • Skoda Enyaq: 280 new registrations

Market Dynamics and Trends:

  • December performance contrasts with Norwegian standards, showing a weaker month with a 72.6% decrease.
  • Tesla Model Y’s notable market share increase from 10% in 2022 to 18% in 2023.
  • Insight into the performance of other popular electric car models, indicating changing market preferences and competition.
National flag of America

Ford Sets New U.S. EV Sales Records in December, Q4, and 2023

ford-bev-sales-in-the-us-december-2023

Sales Performance Overview:

  • In December, Ford and Lincoln collectively achieved robust sales in the U.S., totaling 192,343 vehicles, indicating a notable 7% year-over-year increase.
  • The overall sales for the entirety of 2023 were nearly 2 million units, maintaining a consistent 7% growth year-over-year.

Electric Vehicle (EV) Performance Highlights:

  • December marked a significant milestone for Ford’s electric vehicles (EVs), with a record-breaking month, selling 10,148 units—an impressive 30% increase compared to the previous year.
  • Throughout 2023, Ford sold over 72,000 EVs in the U.S., reflecting an 18% YoY growth and constituting approximately 3.8% of the brand’s total volume.
ford-bev-sales-in-the-us-december-2023

F-150 Lightning and Market Rankings:

  • The F-150 Lightning, a key player in Ford’s EV lineup, saw exceptional performance, selling 3,800 units in December (a YoY increase of 61%) and reaching a total of 24,165 units in 2023 (up by 55% YoY).
  • Ford now stands as the second-largest all-electric vehicle brand in the U.S., trailing only Tesla and surpassing General Motors, whose EV sales are spread across multiple brands.

Production Challenges and Adjustments:

  • Notably, the production of the Ford Mustang Mach-E faced a 35% YoY decline in December, with 4,067 units produced. This decrease is attributed to factory upgrades and reduced inventory in the U.S.
  • Despite initial plans to scale up production to 210,000 units annually by the end of 2023, Ford is scaling down its projections for 2024, possibly influenced by factors like the absence of the $3,750 federal tax credit for the Mach-E in 2024

E-Transit Success:

  • Ford’s E-Transit van experienced a remarkable surge in December, achieving record sales of 1,485 units, marking a substantial 116% YoY increase.
  • The E-Transit secured its position as America’s best-selling electric van nameplate in 2023, outperforming competitors such as the Rivian EDV van and various low-volume models from smaller manufacturers.
The national flag of New Zealand

New Zealand Surpasses 50% Electric Vehicle Adoption in December 2023

MG EV

Introduction and Background:

  • The surge in electric vehicle (EV) adoption in New Zealand, reaching a remarkable 50% penetration in December 2023.
  • Impact of changes in government regulations, particularly the “ute tax,” influencing consumer behavior and causing a short-term rush.

Market Statistics and Vehicle Registrations:

  • Breakdown of EV registrations in December, including 4,455 battery electric vehicles and 1,610 plug-in hybrids.
  • Highlighting the popularity of specific models like MG4 and Nissan LEAF, with insights into the new vehicles available for purchase.

Market Share Analysis:

  • Analysis of the market share in December, with BEVs comprising 39%, PHEVs at 12%, and plug-less hybrids making up 31%.
  • Exploration of the transition to electrification and the role of government subsidies.

Future Market Dynamics and Challenges:

  • Speculation on the future of the New Zealand EV market without significant subsidies.
  • Questions about market stabilization, the credibility of EVs, competitive pricing, and Toyota’s transition from plug-less hybrids to BEVs.

Top Selling Vehicles and Brand Performance:

  • Overview of the top-selling battery electric vehicles and plug-in hybrids in December 2023.
  • Recognition of leading brands, with MG, BYD, and Tesla securing top positions.
  • Emphasis on the growing choices available to consumers with over 25 car brands offering various EV models.

Future Outlook and Challenges:

  • Discussion on the ambitious goal of reaching over 50% monthly EV sales in New Zealand by the end of the decade to meet emissions reduction targets.
  • Recognition of the pivotal role of electric vehicles in achieving net-zero emissions globally.
  • Speculation on the potential challenges, including market dynamics, pricing, and the phaseout of fossil-fueled vehicles by 2035.
National flag of Thailand

Thailand's EV Sales Surge 684% in 2023, Capturing 12% of New Car Market; BYD Leads, Neta Follows

Overall EV Sales Growth in Thailand:

  • Electric vehicle sales in Thailand experienced a remarkable surge, reaching 76,314 units in 2023, reflecting a staggering 684% increase compared to 2022.
  • Autolife Thailand provides insights into the growing market share of electric vehicles in the country.

Top EV Brands in Thailand for 2023:

  • BYD leads the Thai EV market in 2023, selling 30,650 units, with Neta securing the second position (12,777 units) and MG claiming the third spot (12,764 units).
  • Tesla follows closely in fourth place with 8,206 units, while Ora of Great Wall Motor completes the top five with 6,746 electric cars sold.

Top 10 EV Models in Thailand for 2023:

  • The BYD Atto 3 takes the lead with 19,214 units sold, followed by the Neta V (12,777 units) and the BYD Dolphin (9,410 units).
  • Notable models in the top 10 include the Ora Good Cat, Tesla Model Y, MG 4 Electric, and MG EP.

Market Share Percentage and Total Registrations:

  • The 76,314 EV registrations in 2023 constitute 12.02% of the total vehicle registrations (634,948 units) in Thailand.
  • Autolife Thailand offers a comparative perspective, noting the growth from 2020 (1,056 EVs) to 2023.

Historical Context of EV Sales in Thailand:

  • Autolife Thailand provides historical context, highlighting the progression of EV sales in Thailand over the years, with notable figures such as 9,729 EVs sold in 2022, 1,935 in 2021, and 1,056 in 2020.

In the symphony of electric vehicle progress, the surge in the UK’s public EV charging points, growing by an impressive 45% to nearly 54,000, adds a harmonious note to the evolving narrative. These charging infrastructures are the lifelines of the electric mobility ecosystem, paving the way for a convenient and accessible charging network. New Zealand’s exceptional feat, surpassing a 50% adoption rate of electric vehicles in December 2023, paints a vivid picture of a nation committed to sustainable practices. As we reflect on these milestones, it becomes evident that we stand at the cusp of a transformative era, where electric vehicles cease to be mere alternatives and become the driving force shaping a cleaner, greener future for generations to come.

 

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