Evolution of HEV sales in Europe, China and the USA
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Evolution of HEV sales in Europe, China and the USA
- The HEV market has progressed a lot in Europe and the United States, while in China the progress is still quite limited regarding the local market size.
- In Europe, the average market share which was 2.6% of total passenger car registrations in 2017 increase to 2.8% in 2018 then 3.2% in 2019, 4.1% in 2020, 5.3 % in 2021 and 7.3% in 2022. Volumes increased from 403,720 units in 2017 to 408,559 in 2018, 512,852 in 2019, 492,535 in 2020, 626,852 in 2021 and 828,333 in 2022.
- In China, the average market share which was 0.5% of total passenger car registrations in 2017 went to 0.8% in 2018 then 0.9% in 2019, 1.2% in 2020, 2.4 % in 2021 and 3.2% in 2022. Volumes increased from 111,505 units in 2017 to 175,132 in 2018, 195,661 in 2019, 237,939 in 2020, 515,705 in 2021 and 748,202 in 2022.
- In the United States, the average market share, which was 2.1% of total passenger car registrations in 2017, 2.2% in 2018 then 2.4% in 2019, 3.2% in 2020, 5.3% in 2021 and 5.4% in 2022. Volumes went from 364,174 units in 2017 to 317,162 in 2018, 402,147 in 2019, 461,102 in 2020, 806,144 in 2021 and 758,120 in 2022.
Sales evolution of ICE vehicles in Europe, China and the USA
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Sales evolution of ICE vehicles in Europe, China and the USA
- The internal combustion engine (ICE) vehicle market fell sharply in Europe and China, while the decline was more limited in the United States.
- In Europe, the average market share which was 96.1% of total passenger car registrations in 2017 decreased to 94.9% in 2018 then 93.2% in 2019, 84.5% in 2020, 75.4 % in 2021 and 69.7% in 2022. Volumes decreased from 14,977,558 units in 2017 to 13,550,275 in 2018, 14,716,672 in 2019, 10,094,389 in 2020, 8,876,993 in 2021 and 7,853,674 in 2022.
- In China, the average market share which was 97.2% of total passenger car registrations in 2017 declined to 94.5% in 2018 then 94.1% in 2019, 92.9% in 2020, 82.0 % in 2021 and 64.6% in 2022. Volumes decreased from 24,025,544 units in 2017 to 20,080,193 in 2018, 20,203,346 in 2019, 18,739,414 in 2020, 17,655,938 in 2021 and 16,255 399 in 2022.
- In the United States, the average market share, which was 96.8% of total passenger car registrations in 2017, slightly declined to 95.7% in 2018 then 95.5% in 2019, 94.6% in 2020, 90 .4% in 2021 and 87.4% in 2022. Volumes decreased from 16,687,248 units in 2017 to 15,519,142 in 2018, 16,122,133 in 2019, 13,751,102 in 2020, 13,651,446 in 2021 and 12 237,271 in 2022.
- Among these three regions, it is the United States which remains the most faithful to the internal combustion engine, with a share of 87.4% in 2022, compared to 69.7% in Europe and 64.6% in China.
Inovev forecasts 25,000 units per year of the new Renault Espace
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Inovev forecasts 25,000 units per year of the new Renault Espace
- Renault has just unveiled the sixth generation of its Espace, but this model is no longer an MPV like the five previous generations (the Espace was moreover the pioneer of this segment in Europe in 1984) but a SUV. SUVs have higher ground clearance with a higher placed windshield and little interior modularity. The new Renault Espace is a stretched 7 seats variant of the recent Renault Austral SUV (CMF-C/D platform). It now becomes a direct competitor to the Peugeot 5008, VW Tiguan All-Space or Skoda Kodiaq.
- The old Renault Espace launched in 2014 ended up having no more competitors, carmakers gradually removing their large MPVs in to replaced them by SUVs. The MPV market thus only represented 1.3% of passenger car sales in Europe in 2022, compared to 3% in 2020, 11% in 2015, 14% in 2010 and 20% in 2005 (year of peak sales for MPVs sales in Europe). In the United States, the cradle of the MPV market, the MPV market is not much more flourishing. In 2022, the share of MPVs will only represent 1.7% of sales there, compared to 4% in 2015, 5% in 2010, 6% in 2005 and 7% in 2000.
- The new Renault Espace is 21 cm longer than the Austral (4.72 m against 4.51 m) but can carry two additional seats in the back. Its engine is the largest currently available on the Austral, a 1.2-liter hybrid with 200 hp. Importantly, the new Renault Espace is 215 kilos lighter than the old Espace, in particular thanks to its new platform. Inovev forecasts 25,000 units produced per year in Palencia (Spain) of the new Renault model.
The Porsche Cayenne will become purely electric in 2026
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The Porsche Cayenne will become purely electric in 2026
- Porsche has just announced that the future Cayenne SUV planned for 2026 will be purely electric and it will still be produced at the Slovakian site in Bratislava. The future Cayenne will be the first battery electric SUV to be produced there, as the VW Touareg and Audi Q7/Q8 will be offered later in this configuration.
- The Slovak factory is currently preparing the facelift of the Porsche Cayenne which will be effective in 2023 (the model was born in 2018). In addition to this facelift, the model will benefit from more powerful combustion engines and plug-in hybrids.
- After the Taycan (2019), the Macan (2023) and the Boxster/Cayman (2025), the Cayenne will become in 2026 the fourth model in the Porsche range equipped with a purely electric powertrain. Only the 911 and the Panamera, will remain equipped with traditional gasoline engines (plug-in hybrid or not).
- Porsche has announced that it could launch another battery electric SUV, which will be produced in Leipzig from 2027-2028, and which will be located in the carmaker's range above the Cayenne, therefore at the level of the Lamborghini Urus SUV. The launch of such a model shows that Porsche is not looking to make volume by extending its range of vehicles to lower segments. The carmaker could have produced, for example, a C-segment SUV, the size of an Audi Q4 E-Tron to attract a new segment of customers and compete more directly with C-segment electric SUVs.
Inovev forecasts 50,000 units per year in 2026/2027 of the new Kia EV9
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Inovev forecasts 50,000 units per year in 2026/2027 of the new Kia EV9
- Kia (subsidiary of the Hyundai-Kia group) has just presented its new battery electric vehicle, the EV9, which is currently at the top of the carmaker EV range. The model comes in the form of a large SUV, 5.01 m long by 1.98 m wide and 1.76 m high, which can carry seven passengers in three rows of seats.
- The Kia EV9 retains certain features of vanishing MPVs, such as interior modularity (the second row of seats can rotate 180 degrees to face the third row). Paradoxically, the Kia EV9 is therefore closer to the first Renault Espace than the new Renault Espace, which is only a stretched version of the Austral. In addition, Kia offers electric motorization on this model (with a range of 540 km according to the WLTP cycle), while the new Renault Espace does not offer it. However, the future Peugeot 5008 (also capable of carrying seven passengers) will also be offered in a battery electric version from 2024.
- The Kia EV9 is based on the e-GMP platform dedicated to battery electric vehicles from the Hyundai-Kia group, which is already used by the Kia EV6, the Hyundai Ioniq 5 and Hyundai Ioniq 6. The rear-wheel-drive (RWD) version of the EV9 is equipped with a 204 hp electric motor positioned on the rear axle. The EV9 with all-wheel drive (AWD) receives two electric motors for a combined power of 383 hp. The EV9 offers two lithium-ion battery packs with a capacity of 76 kWh or 100 kWh. The Kia EV9 will be produced at the Korean site in Gwangmyeong, at a level, according to Inovev forecasts, of 25,000 units per year at its launch and then 50,000 per year from 2026/2027.
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