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West Europe’s electric car registrations (BEVs) got off to a good start. AID’s exclusively compiled electric car registration figures for January show a sharp rise of more than a half to some 9,299 units. It helped lift the region’s BEV sales share to 0.85 per cent, a near 0.3 percentage point gain on the same month last year, which clearly ranks as good news for the industry
January’s positive swing in fortunes is potentially deeply gratifying for the electric car industry.
However, a closer examination of the likely reasons why West Europe’s BEV sales activity appears to have picked up sharply suggests that this may be a temporary check, capable of change at short notice, rather than a lasting shift to a faster upward trajectory.
The reasons for this cautionary note are not difficult to identify. January’s stronger than expected jump in BEV registrations could be attributable in part to two extra working days in the month than in January last year.
Other than that, January’s BEV sales bounce, particularly the promising uplift in market share, could easily be attributable in part to the added buyer appeal of the recently launched higher driving-range BMW i3 and Renault Zoe, both models posted notable gains this January.
Hyundai’s new to market Ioniq also helped.
Partly as a consequence of January’s good turnout, during the months directly ahead Europe’s BEV figures will be scrutinised closer than ever for lasting or even strengthening signs of a notable and potentially lasting pickup in BEV demand, particularly in markets other than France and Norway, the main motors driving European BEV growth...more
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