Fiat 500 leads EV gross sales race in European new automotive market down 20%

Stellantis’ fully electric Fiat 500 hatchback helped the OEM lead Europe’s EV gross sales race in April as total new automotive registrations declined by 20%.

The most recent regional sector report from Jato Dynamics confirmed that Fiat’s new EV had topped the zero emissions charts final month – beating standard merchandise from Tesla and the Volkswagen Group – as part provide shortages continued to stymie registrations within the wider market.

The consequence got here forward of in the present day’s (Could 30) announcement that Fiat would finish gross sales of all non-electrified merchandise from July 1.

Regarding decline

European new automotive registrations declined 20% to 821,000 items final month as shortages triggered an identical 18% drop within the US and China skilled a decline of 48% amid a resurgence in COVID-19 points.

The consequence leaves the European new automotive market down 13% year-to-date at to three.55 million items, its second worst efficiency because the similar interval in 1991.

Jato’s world analyst Felipe Munoz, mentioned: “It’s regarding to see European gross sales falling at such a charge regardless of the worldwide easing of COVID-19 restrictions.

“The worst of the pandemic broken gross sales for a number of months, however the chip scarcity appears set to be much more sustained in its impression available on the market.”

Even totally electrical and plug-in hybrid automobiles delivered a decline in registrations throughout April, Jato reported, as shopping for incentives shifted away from plug-in hybrids (PHEV) to assist pure EVs.

Registrations of zero emissions succesful automobiles dropped 1.4% year-on-year, to 154,219 items total, as EV demand elevated 13% to 83,000 items however PHEV gross sales declined 15%.

OEMs’ EV ‘race’

Stellantis led Europe’s EV registrations race for the first-time throughout April, at 16,600 items or 20% of the market.

It topped the rankings after Volkswagen Group’s quantity fell 37% following manufacturing points at its vegetation. Hyundai/Kia took 15.1% of the market, marking a rise in quantity of 61%.

Yr-to-date, Volkswagen is out in entrance with 18.2% of the EV market and a quantity enhance of 8%, however this falls wanting its total market share of virtually 24%.

Stellantis follows in second place with 15.7%, in comparison with a 19.1% share within the total market, as its Peugeot e208 took second place within the EV rankings.

Tesla got here in at third place with a EV market share of virtually 15%.

Final month AM reported that Volkswagen Group’s race with Tesla to develop into the world’s main electrical car (EV) producer by 2025 can be ‘tight’.

Talking on the Monetary Occasions’ Way forward for the Automobile Summit, the OEM’s chief government Herbert Deiss conceded: “I didn’t count on our predominant US competitor’s development to be so quick.”

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