Market share of BEV and PHEV in Europe and China in the first quarter of 2022
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Market share of BEV and PHEV in Europe and China in the first quarter of 2022
- The market share of 100% electric passenger cars (BEV) in Europe continues to grow, since it increased from 6% in 2020 to 11% in 2021 and 12% in the first quarter of 2022. Admittedly, the pace of growth slows in a European market down nearly 11% in the first quarter of 2022, but March confirms the recovery of BEV sales with a market share of 14% (compared to 10% in January and 11% in February ). The year should end with a penetration of nearly 15%.
- The market share of 100% electric passenger cars (BEV) in China also continues to grow, rising from 5% in 2020 to 13% in 2021 and 17% in the first quarter of 2022. BEVs even show a share of 19% in March (against 15% in January and 16% in February). The year should end with a penetration of nearly 20%.
- The market share of plug-in hybrid passenger cars (PHEV) in Europe has tended to stagnate since 2021, at around 9% of the market. This share increased from 5% in 2020 to 9% in 2021 and 9% in the first quarter of 2022. The year should therefore end with a penetration of around 9%.
- On the other hand, the market share of plug-in hybrid passenger cars (PHEV) in China continues to grow, since it rose from 1.5% in 2020 to 3% in 2021 and 4% in the first quarter of 2022. Admittedly, the growth rate is slowing but the months of February and March 2022 are respectively at 5% and 4.5%, which should result in a penetration of around 4.5% over the whole year, i.e. half as much than in Europe.
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Comparison of thermal/HEV and BEV/PHEV sales in Europe
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Comparison of thermal/HEV and BEV/PHEV sales in Europe
- Sales of passenger cars in Europe have shown a clear decline since 2020 in the registrations of cars with combustion engines or non-rechargeable hybrids (HEV-Full and HEV-Mild) since the volume of their sales has fallen from a rate of 1 million / 1 8 million per month between January 2018 and March 2020 (start of containment following the first wave of Covid) at a rate of 600,000 / 1.2 million between April 2020 and March 2022.
- At the same time, the increase in sales in Europe of plug-in passenger cars (BEV and PHEV) does not at all compensate for the drop in sales of passenger cars with thermal engines or non-plug-in hybrids. Sales of this type of vehicle are even tending to stabilize at around 200,000 units per month.
- The overall rate of registrations in Europe therefore fell from 1 million / 1.8 million per month between January 2018 and March 2020, to a rate of 800,000 / 1.4 million between April 2020 and March 2022, which gives a drop from 20% to 23% compared to the 2018-2020 period.
- In terms of market share, sales of passenger cars with thermal engines or non-rechargeable hybrids fell from nearly 100% in January 2018 to 90% in March 2020 then to 80% in June 2021 and 70% in December 2021.
- Sales of electric passenger cars (BEV) and plug-in hybrids (PHEV) for their part went from almost 0% in January 2018 to 10% in March 2020 and 20% in June 2021 and 30% in December 2021.
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Car production in Russia fell by 65% in March 2022
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Car production in Russia fell by 65% in March 2022
- Russian car production fell by 40% in March 2022 compared to February 2022, and by 65% compared to March 2021. This situation is explained by the production stoppage of most manufacturers in the country, following the Russian invasion of Ukraine which began on February 24 and continued through March and April.
- The figures provided by Russian organizations show that the volume of automobile production in Russia has increased from 104,000 units (PC+LCV) in January 2022 to 127,000 in February 2022 and 59,000 in March 2022, i.e. 290,000 units in total ( including 244,000 PV) compared to 100,000 units produced in January 2021, 143,000 in February 2021 and 165,000 in March 2021, i.e. 408,000 units in total (including 362,000 PV). The drop in production reached 65% in March 2022 compared to March 2021, which is quite logical since only Autovaz and UAZ plants continued to operate almost normally that month, these two manufacturers "nationals" accounting for about a third of Russian car production in recent years. April will be more difficult, however, as economic sanctions begin to weigh on production and consumption in Russia.
- If the Russian car market fell by 60% in March 2022 compared to March 2021 (from 172,000 to 71,000 units), it was not due to a collapse in demand, but due to the stoppage of production at factories belonging to foreign manufacturers. Customers could not refer to imported vehicles since imports were also suspended. For April, the difficulties are expected to intensify and a fall of almost 80% in the Russian car market is to be expected.
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Inovev plans 60,000 units per year of the new Jeep Grand Wagoneer
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Inovev plans 60,000 units per year of the new Jeep Grand Wagoneer
- After unveiling the Grand Cherokee L at the end of 2021 and the Grand Cherokee at the start of 2022, the American brand specializing in SUVs has unveiled its top-of-the-range model which is above the Grand Cherokee and Grand Cherokee L: these are the Wagoneer and Grand Wagoneer which take over the platform of the large Dodge Ram pickup. These models borrow their name from older models of the brand manufactured between 1962 and 1991. It is to counter the recent Chevrolet Tahoe, GMC Yukon and Cadillac Escalade that Jeep is launching this model, 5.44 m long and weighing more than 2.9 tons. With this model which becomes the most imposing Jeep of all time, we are in excess and the engines are in line with the rest: a 5.7-liter V8 developing 392 hp on the Wagoneer and a 6.4-liter V8 developing 471 hp on the Grand Wagoneer. Note that these two engines are already fitted to the much shorter Dodge Durango SUV (based on Dodge Ram) since it does not exceed 5.11 m in length.
- The prices of the Wagoneer and Grand Wagoneer are high since in the United States, they are between 100,000 dollars and 135,000 dollars depending on the version, which will have an impact on their distribution. In 2021, 21,000 units were sold in six months, or 3,500 per month and 15,000 units in the first quarter of 2022, or 5,000 per month. Over the whole year, Inovev expects 60,000 units produced. For comparison, the Ford Expedition (5.33 m) was produced at 83,000 units in 2021, the Chevrolet Tahoe (5.35 m) at 101,000 units, the GMC Yukon (5.35 m) at 56,000 units, the Cadillac Escalade (5.38 m) at 39,000 units. These four models share their platform with the large Ford F-Series and Chevrolet Silverado pickups.
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Auto sales in China fell 43% in April 2022
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Auto sales in China fell 43% in April 2022
- The Chinese automotive market had started 2022 well with sales up 7% in January and 29% in February compared to the corresponding months of 2021. But since March, China has been facing a new wave of Covid which is affecting production and internal consumption, resulting in stagnant car sales in March and a drop in sales in April, of around 43% compared to April 2021. The volume of passenger car registrations did not exceeded 965,000 units in April 2022, compared to 1,704,000 in April 2021, 1,536,000 in April 2020 and 1,575,000 in April 2019. Of the 965,000 passenger cars sold in China in April 2022, 461,000 are sedans and 447,000 are SUVs, with SUVs (-46%) falling more than sedans (-39%). We observe that China and Russia saw their car market plunge in April 2022, but for different reasons. By way of comparison, the three other major markets experienced a smaller decline last month: -20% for Europe, -18% for the United States, -15% for Japan.
- However, over the first four months of 2022, China limits the fall in its passenger car market to -4%, while Europe is at -13%, the United States at -16% and Japan at -17%. Russia is at -45%.
- The decline in the global automotive market is estimated according to Inovev at -12.5% over the cumulative four months of 2022. Forecasts for the whole year are very uncertain as they will depend on the duration and intensity of the war in Ukraine, the duration and intensity of Covid in China, the duration and intensity of semiconductor supply disruptions.
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