Autovista Group’s Post

China’s electric vehicle (EV) market hit its best-ever volume in November 2024. Plug-in hybrids (PHEVs) and BYD played large parts in this new record. Phil Curry, Autovista24 special content editor reviews the numbers. Read more 👇

⚡On song BYD dominates record-breaking Chinese #EV market in September - Registrations of electric vehicles (EVs), including battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) set a new record in China in September. - More than 1.1 million units were delivered in the month, a 51% increase year on year. This is even more spectacular when considering the overall market improvement in the month was just 5%. - Growth came from both powertrain types. BEVs were up 29% in September, to around 644,000 units, while PHEVs jumped 97% to around 479,000 units. This was the fourth month in a row that PHEVs broke their volume record. - September’s strong results saw EVs take a 53% share of the overall Chinese new-car market. - BEVs alone accounted for 31% of all deliveries. In terms of EV share, BEVs held 57% of registrations in the month, while PHEVs had 32%. The remaining 11% share was captured by extended-range models (EREVs). - In the first nine months of 2024, around 7.3 million EVs have been delivered to customers, a significant rise over the 5.4 million units that were registered in the same period during 2023. Read the full analysis https://lnkd.in/eYCza6_M #China #electricvehicles #carsales #newcars #Asia #automotive EV-volumes.com

⚡ PHEVs surge in Chinese #EV market as BYD dominates - In April, a total of 703,788 EVs took to Chinese roads, up 27% year on year. - Consisting of battery-electric vehicles (BEVs) and PHEVs, plug-ins reached a 44% share of the new-car market. - Meanwhile, BEVs accounted for 26% of overall registrations alone. - PHEV deliveries surged 65% in the month, while BEV registrations increased 10% year on year. The latter captured 59% of the plug-in market in April, down 65% on average so far this year. - Across the first four months of 2024, over 2.5 million EVs have been delivered in #China. This is a significant improvement on the 1.9 million registrations recorded in the same period of 2023. - From January to April, EVs accounted for 39.5% of new-car deliveries. This is a marked increase on the 33% plug-in share recorded in the same period last year. - BEVs took a 26% market share, compared to 23% during the same period in 2023. - PHEVs accounted for 14% of registrations in China, growing from 10% across the first four months of last year. - #EVs can be expected to account for over 40% of new-car sales in China by the end of the first half of 2024. This could increase beyond 50% by the end of the year. - The #BYD Song was China’s most popular #EV in April, thanks to 54,300 deliveries. This includes 8,403 BEV units. ▶ Read the full analysis here https://lnkd.in/g6Rtzy-F #automotiveindustry #asia #carsales #Tesla #electricvehicles

A total of 1.3 million #EV units were registered in November, up by 48.6% year on year. This was also the fourth consecutive month where the #market achieved more than one million deliveries. Prior to this run, China had only ever reached this total once, in December 2023. Therefore, the country is embracing EVs more than ever. Much of this result was thanks to the continued success of PHEVs. Battery-#electric #vehicles (BEVs) led the EV mix, with 59.1% of the total, down from 66.5% a year previously. Meanwhile, PHEVs took 40.9% of EV deliveries, improving from 33.5% in November 2023. In the first 11 months of 2024, just under 9.9 million EVs were delivered to customers in #China. This represented a year-on-year increase of 39.1%. BEVs made up 57.2% of these registrations, down from 67%. PHEVs, on the other hand, took 42.8% of the market, up from 33%. #automotive #automotiveindustry #bev #phev #byd

#Chinese electric vehicle (EV) deliveries soared in September, as #BYD continued its domestic market domination. José Pontes, data director at #EV Volumes, looks into the figures with Autovista24 special content editor Phil Curry. Registrations of EVs, including battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) set a new record in #China in September. More than 1.1 million units were delivered in the month, a 51% increase year on year. This is even more spectacular when considering the overall #market improvement in the month was just 5%. Growth came from both powertrain types. BEVs were up 29% in September, to around 644,000 units, while PHEVs jumped 97% to around 479,000 units. This was the fourth month in a row that PHEVs broke their volume record. #automotive #automotiveindustry #electric #car #ev #bev #phev

⚡EVs made in China dominate European market in June - A total of 293,588 EVs, consisting of BEVs and plug-in hybrids (PHEVs), took to European roads in June. This equated to a decline of 5% year on year. - BEVs remained stable compared to 12 months ago, reaching 208,622 registrations. - Meanwhile, plug-in hybrids plummeted 15%, with 84,966 units. This contrasted with an overall new-car market growth of 4% in the month. - Plug-in models captured 22.4% of Europe’s new-car market in June, including a 15.9% share for BEVs alone. - In the year to date, EV deliveries were up 1%, while BEV volumes improved by 2%. Plug-ins accounted for 21% of new-car deliveries between January and June, with BEVs alone taking a 13.9% share. Read the full analysis https://lnkd.in/eUiVc4b2 #electricvehicles #carsales #China #Europe #BYD #Tesla #automotive

⚡EVs account for over 10% of the Spanish new-car market in March - A total of 9,762 #EVs were registered in Spain during March. Plug-in hybrid (PHEV) deliveries dropped 7% last month to 5,559 units, while battery-electric vehicles (BEVs) slumped 3% to 4,203 registrations. - Both technologies followed the overall market performance in March, where registrations fell some 5% year on year, the first decline in 14 months. The market did grow by 3% in the first quarter, while EV deliveries reached 27,086 units. - EVs claimed an 11% share of the Spanish new-car market across the first three months of the year, with BEVs accounting for 4.7% alone. The #EV share dropped marginally to 10% in March, as BEVs took 4.4% of the market. - Spain’s 2024 EV market share currently sits behind Portugal where plug-in models account for over a quarter of registrations. Yet, the region remains ahead of other countries across the bloc such as Greece (9.8% share) and Italy (6.2% share). - PHEVs have claimed a 58% share of Spain’s EV market so far in 2024. This was thanks to 15,700 registrations, up 6% year on year. The powertrain outperformed its plug-in counterpart, despite BEVs enjoying greater growth in the first quarter, up 8% with 11,386 deliveries. - This difference may be due to a lack of infrastructure affecting BEV demand, with PHEVs receiving almost the same level of incentives as all-electric models. - Plug-in buyers in Spain can benefit from subsidies of up to €45,000 when purchasing new BEVs and PHEVs through the Moves incentive scheme. This can be increased further through regional subsidies. Read the full analysis from José Pontes, #data director at EV-volumes.com Volumes https://lnkd.in/eHCmxD_E #electricvehicles #europe #spain #automotivenews #technology

In September, the Chinese electric vehicle (EV) market saw record-breaking growth, with BYD leading the charge. The month witnessed over 1.1 million EV deliveries, marking a 51% year-on-year increase. This surge was driven by both battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs), with BEVs up 29% to around 644,000 units and PHEVs jumping 97% to around 479,000 units. This impressive performance resulted in EVs capturing 53% of the overall Chinese new-car market, with BEVs alone accounting for 31% of all deliveries. BYD's dominance was evident as it placed six models in the top ten best-sellers, including the Song, which led the EV-only chart with 57,022 registrations. The company's strong performance highlights its significant role in the push towards full electrification by 2030. With EVs expected to hold around 50% of the market by the end of the year, China's transition to electric mobility is well on track. Check out the full article from our partners at Autovista24 ⬇️ https://ow.ly/Aeyz50U6hxN From reliable sales and share tracking at the finest level of granularity to specialist information on battery demand and technology, head to EV Volumes and speak to one of our friendly experts ⬇️ https://ow.ly/qHzZ50U6hxM #ElectricVehicles #BYD #EVMarket #BatteryElectric #EVGrowth

⚡ BYD dominates China’s #EV market as price cuts take effect - EVs, made up of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs), recorded strong growth in China during March. - The market ended the month with registrations up 29% compared to the same month in 2023, with 743,289 deliveries. - PHEVs jumped 62% year on year, while BEV figures increased by 16%. This performance helped EVs take a record 43% share of the overall passenger-car market, which totalled 1.7 million registrations in March. Of this, BEVs accounted for 28% of deliveries. However, in the plug-in market, the strong PHEV result disturbed the balance slightly. BEVs made up 64% of EV registrations in March, below the average 67% recorded so far this year. - In the first three months of 2024, EV registrations grew 36% in China, with a tally of 1.9 million deliveries. This equates to a 39% share of the market, with BEVs holding 26%. With this performance, the plug-in market can be expected to end the first half of 2024 with a market share above 40%. Read the full analysis here https://lnkd.in/enT2dw4r #China #newcars #electricvehicles #asia #automotiveindustry

⚡Portugal’s #EV market driven by PHEVs in May - Portugal’s EV market, made up of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) continued to grow in May. It has become one of the leading plug-in countries in Europe in terms of market share. - PHEV registrations surged in the month, with volumes up 12.6% year on year. The powertrain saw its third-best-ever result in May, with 2,601 registrations, just 122 units below the technology’s record of November 2023. - However, BEV deliveries declined 6.8% in May, equating to over 200 fewer units. Together, the EV market represented 29% of all deliveries in the month. - Including the number of hybrids registered, 44% of overall passenger car registrations were electrified. - In the first five months of the year, the EV market made up 28% of all registrations. - BEV deliveries increased by 12% in this period, taking a 16% market hold. - PHEV figures improved by 23% to take 12% of total deliveries. - By 2035, Portugal’s passenger-car market is likely to be mostly electrified. Whether the country can transition from internal-combustion engines and towards purely BEVs, remains to be seen. Read the full analysis https://lnkd.in/e_Erf6SP #Portugal #EVs #emissions #carsales #Europe #mobility #insights