The market of electric vehicles It continues to advance slowly – very slowly – but it shows that there is interest in this type of technology. If we are looking for a good thermometer of the situation, that would be Tesla, which has registered its lowest profit margin in the last five years.
Still, the number of fully electric car registrations in the first half of the year was 2% higher compared to the first half of 2023, with just under 950,000 electric vehicles on the road, according to the latest data from Jato Dynamics. best-selling models, Tesla continues to reign while Volvo closes the gap.
Europe, one of the world’s largest markets for electric cars after China, has seen a slowdown in sales – compared with a small uptick in the US. The total number of new car registrations in the 28 European countries covered by Jato (including petrol, diesel, hybrid, hybrid and plug-in hybrid models) rose by 4% in the first half, totalling 6.85 million cars.
The clear winners are the Chinese brands: Geely (which owns Volvo, Polestar and Lynk & Co, among many others) has recorded a 52% increase in sales, something that no traditional brand has managed. BYD has also scored another milestone with 14,000 more units sold.
Top 10 best-selling electric cars in the first half of 2024
The picture is quite similar to the one we have in Spain regarding the most successful models: Tesla, despite the difficulties, continues to place its two star models among the best-selling, with the Model Y standing out as the best-selling car in Europe in the first six months of the year, well ahead of its competitors despite a 26% drop compared to the first half of last year. It is followed by its brother, the new Model 3, which is picking up although it has registered almost half as many registrations.
|
model |
units sold |
|---|---|
|
1. Tesla Model Y |
101,181 units (-26% compared to the first half of 2023) |
|
2. Tesla Model 3 |
58,400 units (+37%) |
|
3. Volvo EX30 |
36,980 units (new) |
|
4. MG4 Electric |
31,922 units (+4%) |
|
5. Volkswagen ID.4 |
29,146 units (-30%) |
|
6. Volkswagen ID.3 |
29,136 units (-17%) |
|
7. Skoda Enyaq |
25,248 units (-2%) |
|
8. Volvo EX40 |
25,223 units (-5%) |
|
9. BMW iX1 |
24,506 units (+53%) |
|
10. Audi Q4 e-tron |
24.456 (+9 %) |
The Chinese-made Volvo EX30 continues to bring joy to the brand despite all the software issues it is experiencing, and is already the third best-selling model above another Chinese best-seller, the MG4 Electric. Volkswagen’s ID family is also performing well, with the ID.4 and ID.3 now in the top 10.
As we can see, these are models that are not excessively expensive (they are priced below 46,000-45,000 euros), beyond the electric Q4, demonstrating the demand for ‘affordable’ electric cars with a more or less comfortable range. Uncertainty, high interest rates and the lack of truly affordable models are slowing down purchase plans, with a resurgence of non-plug-in hybrids.
In Spain, Pure electric vehicles account for only 4.5% of the market share so far this year, with non-plug-in hybrids being the kings of the market at the moment along with gasoline.
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Source: www.motorpasion.com
