Three of the European Big Five posted double-digit Y-o-Y
growth for October. YTD numbers remain in negative
territory.
As we countdown to 2023, we are sharing (week-) daily
information pieces, using data from
Global Auto Demand Tracker. With early October 2022 for
European passenger vehicle sales available, time to take a quick
pulse. Three of the European Big Five posted double-digit growth
(Germany, UK, Spain). Also other countries such as Belgium,
Netherlands and Sweden posted ~20% gains.
Western Europe vehicle sales by month/year (<3.5
tonnes)
In Canada, trends in zero-emission vehicles (ZEV = BEV and
PHEV) picked up dramatically for all light vehicle registrations as
of quarter 3 2022.
ZEVs account for one out of every 12 new vehicles registered in
Canada. ZEVs market share increased to 8.4% for 2022, up from 5.3%
in the previous period.
The market share of battery electric vehicles (BEV) increased
to 6.5%, with volume increasing by 56.0% year over year. Year over
year, total ZEV volume increased by 38.8%.
National Enhanced Fuel Type Trend
When compared to Q3 2021 year to date, new vehicle registrations
have fallen by 12.5% overall and the combined volume of xEV light
vehicles (EV/PHEV/HEV/ FCEV) increased by 14.7% as of Q3 2022. xEVs
now account for 15.2% of all new registrations; while traditional
ICE vehicles account for 84.8%.
Further comparisons of Q3 2022 against the previous year show
BEVs and PHEVs saw volume gains (25,368 and 287), while HEV and
FCEV each saw volume declines.
Inventory constraints continue to play a role on new vehicle
registrations. Despite the constraints, BEV adoption rates continue
to increase and have doubled from Q3 2021 (3.7%).
MSRPs for electrified vehicles vs. non-electric vehicles,
indexed and mean prices (volume-weighted).As we countdown to 2023, we are sharing (near) daily information
pieces, using data from...
One thing is certain whether you are an
evangelist or taking a more conservative approach; nobody can stop
talking about EV.Timing aside, saying the EV transition...
Part 3 of CarbonChain's 'High-carbon Commodities' blog series.
Transport is a major part of the global commodities market, moving raw materials and finished products around...
Geopolitical turbulence and the fragile and volatile nature of
the critical raw-material supply chain could curtail planned
expansion in battery production—slowing mainstream
electric-vehicle (EV) adoption and the...
Mainland China, as the world's largest medium and large bus
(length>7-meter) maker and market, is playing a leading role in
the electrification of the commercial vehicle...
The Federal Reserve Bank's recent rate increases to curb
inflation have quickly cascaded to the retail US auto industry. In
fact, as shown below, average loan...
As the average age of light vehicles in the US continues to
rise, the aftermarket remains poised for growth, albeit in
different ways than historically seen,...