8.5% of new cars in Italy Plugin Electric Cars

The Italian electric vehicle market continued to lose momentum in September

Originally published on opportunity: energy.

There is no good news in sight for the Italian electric vehicle market, which is undergoing a drastic shift between the booming growth of recent years and a sudden and steady decline. Meanwhile, the rest of Europe continues to maintain strong growth trends despite economic uncertainties and global supply chain shortages.

UNRAE statistics for the month of September confirmed the negative trend of 2022, with sales of electrified vehicles impacted and a major reversal from previous significant growth levels. With more than 112,000 registrations, the Italian car market as a whole rebounded by 5.7% year on year (YoY) from September 2021. Fossil fuel models benefited from a good part of this growth, in a definite turning point in the negative spiral that had seen them steadily lose ground for the past two years. Gasoline powertrains achieved 27.2% market share, compared to 25% a year earlier. Diesels also gained ground, reaching 19.3% market share, compared to 19.1% in September 2021. Plug-less hybrids maintained their best-selling status with 35.7% market share, slightly down. below their recent peak in August but up from 31.3% year-on-year.

All-electric cars saw another worrying drop, recording a total of just 5,088 registrations, down more than 40% from the almost 8,500 registrations that marked a record in September 2021. In market terms, this Shocking loss meant a disappointing 4.5% share, down from a round 8% a year before. Little help came from the outgoing government’s partial upgrade of the current incentive scheme (now officially increased by 50% for low-income households). The BEV market is blocked and it is now difficult to see how it will come out of it in the short or medium term.

Slightly better results came from hybrid plugins, which had lower numbers than BEVs, 4,452 registrations (4% market share), but were “only” down about 20% from more than 5,500 recordings recorded a year earlier, when they had reached 5.2% market share. . The overall share of plugin powertrains fell to 8.5% for the month, down from the record high of 13.2% reached in September 2021, still unbeaten to date as the all-time peak for plugins in the country .

The lack of fully electric vehicles in September weighed heavily on the top 10 BEVs, which still managed to produce some interesting results.

The Tesla Model Y took the monthly best-selling crown as the usual end-of-quarter surge propelled it to 968 registrations, pulverizing rather weak competition. It’s the US SUV’s best showing yet in Italy, following similar feats in March and June, but a far cry from its Model 3 sibling’s 2021 highs when the Italian BEV market was hitting new heights. Second, with less than half of the registrations, the Fiat 500e obtained a score below expectations, stopping at 470 registrations. This result was still enough to keep a wide margin between it and the Smart ForTwo, which took third place with 308 registrations.

In another month of subdued numbers, the Tesla Model 3 made a comeback to fourth place (238 registrations), a result far from the glories of the recent past but still good enough to overtake many A- and B-segment models. much cheaper who struggled to make good numbers. The world’s best-selling car could achieve much better sales were it not for the current pricing and production logistics, which tend to overwhelmingly favor its SUV sibling. Similarly, the D-segment VW ID.4 finished seventh with 201 registrations, performing better than the smaller ID.3, which didn’t even make the top 10. The Volvo XC40 premium compact SUV Recharge debuted with 183 registrations (8th place, tied with the Opel Corsa-e), helping to elevate a rarefied track record with more expensive models but very low sales levels.

Volvo XC40 Recharge P8 AWD in Sage Green

So, is this all for the Italian EV market, or are we soon to see a growth shock? It is becoming increasingly likely that the difficult times will continue for at least a few months. Until the new government finally realizes that the country risks missing out on this huge opportunity and this new industrial revolution that electric mobility represents. If Italian politicians continued to miss the obvious, a domino effect of vast proportions would be coming for a country so entrenched in the automotive industry.

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#cars #Italy #Plugin #Electric #Cars

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