diesel vehicles decreased by 23.8% to 32,000 vehicles (15.8% share). There were no natural gas or hydrogen fueled vehicles registered. The significant growth in EV sales was due to the low level of sales in February 2024 as a reaction to the rush demand following the repeal of the EV environmental bonus at the end of 2023.   The European Commission of the European Union (EU) has announced that it will ease restrictions on carbon dioxide (CO2) e...

Market & Tech Reports  Updated at: 2025/03/26

ve continued to disappoint. After a strong second half last year, with PV selling rates averaging nearly 2.0 mn units/year, helped by the boost from the fulfilment of backlogged orders, so far this year selling rates have struggled by comparison. Selling rates have averaged below 1.7 mn units/year. Bonus-malus rates have been toughened significantly in 2024, which is clearly impacting consumer appetite for a new vehicle.ItalyWe have taken a sligh...

Market & Tech Reports  Updated at: 2024/10/29

. Total YTD sales reached 1.71 mn units. Italy’s PV market slowed down in July after a double-digit increase in June. 124k units were registered, resulting in a 4.7% increase YoY. The selling rate declined to 1.55 mn units/year — the strong result in June was hard to replicate as much of the Ecobonus funds had been exhausted shortly after it was implemented. The French PV market registered 126k units in July, a 2.3% decline YoY. The selling r...

Market & Tech Reports  Updated at: 2024/08/08

ite sales being strong this month, a lack of EV purchase incentives continues to impact sales BEV sales. The Italian PV market recovered strongly in June as 160k units were registered, a 15.2% increase YoY. The selling rate also increased to 1.7mn units. The new government EV incentive program, Eco bonus, had a central role in relaunching sales as BEV sales increased by 117% in June. The UK PV market registered 179k units in June, a 1.1% increase...

Market & Tech Reports  Updated at: 2024/07/10

6% y/y (down 11.6% m/m).   The reason why sales increased compared to the same month last year is due to the lower volume in January 2023, which is the month being compared. The end of 2022 saw a rush in electric vehicle sales in the fourth quarter of 2022 due to the reduction of the environmental bonus for EVs and the elimination of the bonus for PHVs, which resulted in a drop in sales in January 2023.   The Thai Ministry of Foreign Affairs an...

Market & Tech Reports  Updated at: 2024/02/28

of 27.3% y/y. The share for the single month of December was 6.2%, down 0.8 points from the previous month. Annual sales volume in 2023 was 4.210 million units, reflecting an increase of 29.6% y/y. Market share increased 1.1 points to 6.9% from 5.8% the previous year.   In December, environmental bonuses were terminated in Germany. The German government's Climate and Transformation Fund (KTF), which was the source of funding for the environment...

Market & Tech Reports  Updated at: 2024/01/24

though the number of units increased by 9,000 units compared to the previous month, the number of vehicles sold in the month dropped from 102,000 units to 63,000 units, a significant drop compared to the same month last year. This is thought to be due to the change in the scope of the environmental bonus (subsidy for electric mobility) in September. Although things seemed to be picking up in October and November, the environmental bonus ends on D...

Market & Tech Reports  Updated at: 2023/12/26

rease in market share, followed by Sweden in third place with 51.7%. China, in fourth place, increased slightly by 1.8 points m/m to 37.8%, while Germany (24.7%), in fifth place, saw its share of electric vehicle sales temporarily drop in September due to changes in the content of the environmental bonus, but EV sales turned around, increasing in October due to strong sales of the Skoda Enyaq iV and MG MG4.   The MG4 of the SAIC Group is a China...

Market & Tech Reports  Updated at: 2023/11/27

automotive industry. This aims for an increase in annual EV production to 750,000 units by 2030.   Purchase incentives for electrified vehicles by national governments Germany The Federal Office for Economic Affairs and Export Control (BAFA) has provided EV purchase incentives (environmental bonuses) since 2016, and approved the two-millionth application for the environmental bonus on September 28, 2023. Of the two million vehicles support...

Market & Tech Reports  Updated at: 2023/11/14

last year, but a drop of 17.6% m/m. Cumulative sales for the January to September period increased 14.4% y/y to 2.137 million units.   On September 28, the German Federal Office for Economic Affairs and Export Control (BAFA) approved the application of the 2 millionth vehicle for the environmental bonus. The environmental bonus is an incentive to purchase EVs. Of the 2 million units sold, battery electric vehicles (BEVs) accounted for the larges...

Market & Tech Reports  Updated at: 2023/10/25

and Stellantis, ORA Good Cat, a brand affiliated with Great Wall Motors, sold around 200 units in July, and since then, the number of units sold has increased to over 2,000 units.   The increase in electric vehicle sales in Germany in August was due to the fact that the scope of the "environmental bonus" incentive for EV purchases would be restricted from September 1, resulting in a rush demand just as at the end of 2022. From January 1, 2023 to...

Market & Tech Reports  Updated at: 2023/09/26

conditions for selling vehicles in France, or indeed elsewhere in the region of Europe, remain tough. The Italian PV selling rate remained flat at 1.4 mn units/year, while still producing double‐digit YoY raw sales growth of nearly 15% — a remodelling of incentives and an extension to the eco‐bonus scheme is providing some market support currently. Spain’s PV selling rate fell to 862k units/year in October, from 1‐mn units/year in Septe...

Market & Tech Reports  Updated at: 2022/11/08

nt in electrification and raising the targets of the EV share in total sales.   Purchase incentives for electrified vehicles by national governments Germany On July 26, 2022, the German Federal Ministry of Economic Affairs and Climate Action (BMWK) announced that the subsidy (the environmental bonus) will be concentrated on battery and fuel cell-powered vehicles from January 1, 2023. Specifically, the purchase of battery and fuel cell-powere...

Market & Tech Reports  Updated at: 2022/09/12

, and globally the figure is around 1.4 billion. An environmental policy that fails to take this existing stock into account is not constructive, because many of these vehicles will still be on the roads in 20 years’ time – also in Europe. Even high incentives in the form of an “environmental bonus” for the purchase of an electric car do not compensate for the lack of driving range and the high purchase price because, even in wealthy Germ...

Market & Tech Reports  Updated at: 2022/05/13

nly. 6 pages remaining.Read more at no cost for a limited time by registering for a free trial.   It is true that Plug-in Hybrid Electric Vehicles (PHEVs) are driven less often in electric mode than was originally intended. There are several reasons for this. For example, the German innovation bonus encourages people to take the money but not to charge the battery regularly, and the 0.5-% rule relating to tax incentives for company cars func...

Market & Tech Reports  Updated at: 2021/11/26

remain in force for long and was generally amended every six months. The key regulations to emerge over the last few years have been the New Energy Vehicle (NEV) policy and the even more important fleet consumption target or Corporate Average Fuel Consumption (CAFC).   The NEV policy is a complex bonus system which involves awarding credits and allows certain vehicles to be counted more than once. Initially, battery electric and fuel cell vehic...

Market & Tech Reports  Updated at: 2021/02/25

resulted in a low sales base in January 2020. There are several other contributing factors to a high sales growth rate. As China performs strongly in its export market, most enterprises in China made profits in the second half of 2020, which may have rewarded their employees with a bigger year-end bonus. This may constitute part of the payments for buying vehicles before the Spring Festival comes. Continuous economic recovery restores consumer c...

Market & Tech Reports  Updated at: 2021/01/14

stores sells 1,000 units, which fills the 300,000 units target and the remaining 250 stores can be built with a system to provide the additional sales. The average number of vehicles sold at Mazda’s US stores in 2018 reached 522 units (Automotive News, June 30, 2019)   Mazda reviewed the current bonus system that is based on the number of vehicles sold and change the system to place importance on customer satisfaction and brand standard confor...

Market & Tech Reports  Updated at: 2019/08/01

et sales, while purchases by private individuals were down 10.3% YoY in April.   Italy saw a welcome return to YoY growth in April, although the increase was unspectacular, at 1.5% YoY. Sales were boosted by both an extra selling day, as compared to April 2018, and the launch on 8th April of a new bonus system for lower‐emission cars. Given that limited resources have been set aside for the bonus payments, it is far from certain that any momen...

Market & Tech Reports  Updated at: 2019/05/09

nt ventures or foreign brands. With the implementation of China's double credit regulations (producing NEVs which meet the regulation results in a plus credit, and producing the conventional fuel-powered vehicles which do not meet the regulation results in a minus credit. The credit calculation bonus/bonus rate changes due to factors such as the type of new energy, range, or displacement. The Chinese government allows companies to freely trad...

Market & Tech Reports  Updated at: 2019/04/11