European EV/Plug-in Hybrid Share Triples in Q2
Sales of electrified models jumped 53%, while diesel/gasoline sales halved
COVID-19 has wreaked havoc on the European Union’s auto industry. Year-over-year sales were off 49% in the region during the second quarter and continued to fall, albeit at a lesser rate, in July and August.
But it wasn’t all bad news. In fact, deliveries of electric vehicles and plug-in hybrids (PHEVs) are up considerably from 2019 levels.
Electrified Models Charge Ahead
During the second quarter, registrations of electrically chargeable vehicles jumped 53% from the previous year, according to the industry trade group ACEA. As a result, the combined market share of such vehicles tripled to 7.2% of the market for the period.
European Union new vehicle market share by powertrain/fuel type: 2Q 2020. (Image: ACEA)
The bulk of the gain came from PHEVs, which saw a 134% hike to more than 66,000 units in April-June. Deliveries of full EVs were up nearly 13% to 63,200 units during the period, with France and Germany leading the way.
Sales of standard hybrid-electric vehicles in the EU fell 7% in Q2 from like-2019. But they still gained share in the down market and now account for nearly 10% of sales in the region.
Gasoline/Diesel ICEs Lose Ground
Traditional piston-powered vehicles still command more than 80% of EU deliveries. But sales of diesel- (-53%) and gasoline-fueled (-55%) models both fell by more than half through June, ACEA says. Diesels now account for just 29% of the overall market, compared with more than 50% a few years ago.
Sales of passenger cars running on alternative fuels (E85 ethanol, natural gas and liquid petroleum gas) also were down 50% year-over-year in Q2. The decline was mainly attributed to a falloff in Italy, which is the largest market for such vehicles.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.
For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
What happens if that $2.29 a gallon goes up by a couple of bucks a year from now? How are the pickup, SUV and crossover sales going to be then?