It was widely expected, and it’s finally happened. While most European car markets keep posting new records and continued monthly growth for plug-in car sales, Italy’s is getting stuck in a rout of its own doing. In March, Europe’s fourth-largest market posted its first, and wild, B.E.V. decline in many years of growth.

Unrae statistics leave no margin of interpretation for what is a broad debacle for the car industry. As the market keeps deflating, just over 121000 cars were registered in March, down almost 30% from over 171000 units twelve months before, a downright catastrophe for the Italian automotive sector.

Petrol and diesel powertrains stood at 27.3% and 21.1% market share respectively (down from 31% and 24.5% a year ago), with registrations declining near 40% Year-On-Year (YoY). Plugless hybrids took 32.5% share, up from 27% last year, confirming their status as the most popular powertrain, while also declining in absolute units by nearly 15% YoY.

Full electric cars scored a ghastly performance, with 4511 total registrations for a meager 3.7% market share. This was an astonishing decline, -38.8% in fact, from the 7375 units recorded a year prior in a booming B.E.V market, but nothing to be surprised about nonetheless.

As had just happened in February, potential customers kept waiting for new incentives, thus putting a brake on sales as an undecisive government mulled over details of a new set of financial stimulus for the car industry. This trend is bound to continue until the new scheme, now in the final phase of development, is confirmed by decree with actual dates.

Tesla Model Y shot to the top with a brilliant performance, 678 registrations, that not only represents the model’s best result to date, but also a show of strength in such a weak period without incentives. The American upmarket crossover S.U.V beat much cheaper competitors such as the Dacia Spring, second with 516 units, and the Fiat 500e, which closed the podium at 495 registrations. A rather powerful message from a car that starts at 64000 Euros that is between two to three times as expensive as its immediate runner-ups!

Source: Re-posted and Summarized from Carlo Ombello at insideevs.

My Take: Tesla will be at the top of any E.V. market for many years to come.

Re Posted From: Tesla Thrives In Italy

Auto Helpers

It was widely expected, and it’s finally happened. While most European car markets keep posting new records and continued monthly growth for plug-in car sales, Italy’s is getting stuck in a rout of its own doing. In March, Europe’s fourth-largest market posted its first, and wild, B.E.V. decline in many years of growth.

Unrae statistics leave no margin of interpretation for what is a broad debacle for the car industry. As the market keeps deflating, just over 121000 cars were registered in March, down almost 30% from over 171000 units twelve months before, a downright catastrophe for the Italian automotive sector.

Petrol and diesel powertrains stood at 27.3% and 21.1% market share respectively (down from 31% and 24.5% a year ago), with registrations declining near 40% Year-On-Year (YoY). Plugless hybrids took 32.5% share, up from 27% last year, confirming their status as the most popular powertrain, while also declining in absolute units by nearly 15% YoY.

Full electric cars scored a ghastly performance, with 4511 total registrations for a meager 3.7% market share. This was an astonishing decline, -38.8% in fact, from the 7375 units recorded a year prior in a booming B.E.V market, but nothing to be surprised about nonetheless.

As had just happened in February, potential customers kept waiting for new incentives, thus putting a brake on sales as an undecisive government mulled over details of a new set of financial stimulus for the car industry. This trend is bound to continue until the new scheme, now in the final phase of development, is confirmed by decree with actual dates.

Tesla Model Y shot to the top with a brilliant performance, 678 registrations, that not only represents the model’s best result to date, but also a show of strength in such a weak period without incentives. The American upmarket crossover S.U.V beat much cheaper competitors such as the Dacia Spring, second with 516 units, and the Fiat 500e, which closed the podium at 495 registrations. A rather powerful message from a car that starts at 64000 Euros that is between two to three times as expensive as its immediate runner-ups!

Source: Re-posted and Summarized from Carlo Ombello at insideevs.

My Take: Tesla will be at the top of any E.V. market for many years to come.

Re Posted From: Tesla Thrives In Italy

Auto Helpers