![]() ![]() What do you think about the UK’s transition to EVs? Please jump in to the discussion in the comment section below.Dropshare is a menu bar application for drag & drop upload files, screenshots and even directories to your own server, Amazon S3, Backblaze B2 Cloud Files, Rackspace Cloud Files, Microsoft Azure Blob Storage, Google Drive or Dropbox. In this case, we can expect their share of the market to continue to grow, even if volume growth is lacklustre. Whatever happens to overall auto market volumes throughout 2023, plugins retain their long term cost of ownership advantages, relatively low depreciation, and experiential advantages, compared to combustion vehicles. Beyond existing orders, whether auto demand will continue to rise in conditions of stagflation remains to be seen. This allows an increased ability to work through customer waiting lists that are, in many cases, months long. The auto market’s recent few months of YoY growth is due to “easing supply chain shortages”, according to the SMMT. Inflation however remains above 10%, so stagflation is present. The UK economy is hovering around 0% growth (“stagnation”) over the past 2 quarters, so officially just escaping formal recessionary conditions. Other movements in group ranking were relatively minor shuffles. Stellantis fell from 5th to 8th over the period. If so, this would also explain the Megane’s recent slight loss of weighting in home market France, where its sales were concentrated for most of last year. This is likely mostly thanks to the Renault Megane, which started initial UK deliveries in late 2022, and growing volume since. Renault Nissan climbed from 8th (in the 3 months to November) to 4th, despite Nissan losing share. BMW however did lose some weighting, whilst both Tesla and VW gained, growing their gap over all the others. The top 3 ranks are unchanged for almost half a year now, with Tesla, Volkswagen Group, and BMW Group, again filling the top spots. Here’s a brief look at manufacturing group rankings: This progress is good to see for a newer, BEV-only brand. ![]() A year or so ago, Polestar was never consistently in the top 10. Polestar has steadily climbed in volumes and ranking since summer 2022, when it was at a low ebb. Many of the movements are temporary, due to shifting allocation decisions. Here’s a summary of the main movements compared to the prior period: Mercedes and Hyundai both dropped down the ranks. Tesla still leads, though Volkswagen has climbed, and BMW fell by one spot.Īudi climbed a bit, as did Polestar and Renault. There were not too many major changes in the top 10 brands, compared to three months ago. Like Tesla, in MG’s case this is mostly down to long distance arrivals of discrete batches that are uneven from month to month. Other than the habitual monthly volume swings for Tesla, only MG saw a big change, temporarily dropping from 4th spot in January, to 17th in February. Volkswagen and Kia filled out the top 5 spots. Polestar came in third (all the Polestar 2). This also makes it the best selling BEV model, alone taking 12% of the BEV market, two thirds of Tesla’s total.īeyond this, the SMMT doesn’t provide dedicated BEV model data, but we do have a summary of a representative portion of brand share data from the DVLA new licence database, gathered via API by New Automotive.Īudi came in 2nd spot, likely mostly thanks to the Q4 e-tron. PHEV volumes were essentially flat, YoY.įrom the SMMT’s monthly top ten auto models list, we know that the Tesla Model Y was the overall sixth bestselling vehicle in February, with 1,482 units. If so, this suggests a potential snap-back for plugins in the March powertrain shares.īEVs actually gained YoY volume by roughly 20%, to 12,310 units, but these gains were submerged by the bigger push of petrol sales. This is likely due to dealers wanting to clear a backlog of “old” petrol-car stocks ahead of the new licence plate arriving in March. The YoY fall in share of plugins reflects the temporary bounce back of petrol-powertrain volumes YoY (from 23,952 to 32.331 units). This compares to respective shares of 25.6%, 17.7%, and 7.9% a year ago. The Tesla Model Y was the UK’s best selling full electric vehicle for the month.įebruary’s 22.9% combined plugin result comprised 16.5% full battery electrics (BEVs), and 6.3% plugin hybrids (PHEVs). ![]() Overall auto volume was 74,441 units, up some 26% YoY, though still down from the ~81.000 unit seasonal norm, pre-2020. The UK saw plugin electric vehicles take 22.9% share of the auto market in February 2023, down from 25.6% year on year. ![]()
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