MARKET MONITOR
EUROPEAN PASSENGER CAR REGISTRATIONS: JANUARY–MAY 2020
As COVID-19 confinement measures were eased in most European markets over the past weeks, new car registrations more than doubled in May compared to the previous month. Registration numbers for FCA-Tesla, whose sales were hit especially hard in April, tripled within a month and bounced back to their March level. Nevertheless, on average for all manufacturers, year-to-date (YTD) new car registrations remain 44%below 2019 figures, and the share of electric vehicles dropped to 7% in May. Volvo is the only manufacturer that was able to maintain an electric vehicle share above20% (all plug-in hybrid electric vehicles). The market-wide YTD electric vehicle share remains at 8%, more than twice as high as during the same months in 2019. Fleet average CO 2 emission levels stayed largely unchanged, with Daimler still being the manufacturer pool the furthest away from its 2020 regulatory target value (17 g /km) despite using almost its entire 2020-2022 super credit’s volume of 7.5 g CO 2/km, unlike VW Group and Ford, being second and third to last on the list. Among the manufacturer pools well in reach of their 2020 target, Toyota-Mazda and PSA-Opel stand out by hardly selling any, in the case of Toyota-Mazda, or comparably few, in the case of PSA-Opel, electric vehicles.
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SOURCE: ICCT
