Germany saw plugin electric vehicle (EV) share at a low ebb in January, just 15.1%, from 21.6% year on year.
The one-off low result comes in the shadow of record plugin share in December, ahead of reduced incentives from January 1st; the imbalance will normalise in the coming months. Overall auto volumes were 179,225 units, just 2% lower than January 2022, though still well down from pre-Covid seasonal norms. The best selling BEV was the Tesla Model Y.
Because of these fiscal incentive disjunctures, we can’t read too much into the December-through-January pattern of plugin sales, other than saying that the overall the move to EV will continue. We will get more of a handle on 2023’s plugin trajectory perhaps by the end of Q2, and certainly later throughout the second half.
Further down the top 20 list there were a few movements in the ranks, but considering the market disjuncture discussed above, we can’t read too much into these.in January; the BYD Atto 3 , Genesis GV60 , Hyundai Ioniq 6 , and even the Lucid Air . Diversity of choice is obviously healthy for the continued improvement of EVs, so it’s good to see these new arrivals.
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