Tag Archives: cent

VolvoCars

Volvo Cars achieves month-to-month gross sales document in March

Volvo Cars reviews gross sales of 78,970 vehicles in March, a rise of 25 per cent in contrast with the identical month final 12 months, and an all-time excessive for world gross sales throughout a single month. Volvo Cars’ new totally electrical small SUV, the EX30, contributed to the gross sales progress, in addition to a robust gross sales efficiency in Europe and the US. 

Volvo Cars’ line-up of electrified fashions, with a completely electrical or plug-in hybrid powertrain, grew by 24 per cent in contrast with the identical interval final 12 months, leading to 33,558 vehicles offered, which makes up a 42 per cent share of all vehicles offered globally. Fully electrical vehicles constituted 23 per cent of all vehicles offered throughout March. 

Total gross sales for the primary quarter of 2024 amounted to 182,687 vehicles offered globally, a rise of 12 per cent in contrast with the identical interval final 12 months. 


“These numbers reflect the strength of our strategy and product diversity – offering fully electric cars alongside plug-in hybrids and mild hybrids in the right mix,” says Björn Annwall, Volvo Cars’ Chief Commercial Officer and Deputy CEO. “We are making good progress towards our annual sales target of at least 15 per cent growth, and in the months ahead we will focus on ramping up sales of our EX30,” he provides.


European gross sales in March grew 33 per cent in contrast with the identical interval final 12 months, reaching 39,756 vehicles. Electrified vehicles within the area had an identical progress price of 34 per cent, leading to 24,856 vehicles offered. Sales of electrified vehicles accounted for 63 per cent of all vehicles offered in Europe this March.

In the US, gross sales of Volvo vehicles reached 15,315 vehicles, which is a rise of fifty per cent in contrast with March 2023. Sales of electrified vehicles grew by 25 per cent in contrast with the identical interval final 12 months and accounted for twenty-four per cent of all vehicles offered within the US. 

Sales in China reached 14,005 vehicles, a rise of 21 per cent in contrast with the identical interval final 12 months. During March, 1,039 electrified vehicles have been offered in China, a lower of 28 per cent in comparison with the identical interval final 12 months. 

For March 2024, the Volvo XC60 remained the top-selling mannequin with gross sales reaching 22,402 vehicles (2023: 18,090 vehicles), adopted by the XC40 with whole gross sales of 20,557 vehicles (2023: 20,556 vehicles) and the XC90 at 10,826 vehicles (2023: 9,828 vehicles). 

 

 

March

March

  

Q1

Q1

  
 

2024

2023

Change

2024

2023

Change

Europe

39,756

29,957

33%

89,670

72,671

23%

Electrified fashions

24,856

18,537

34%

54,819

45,055

22%

– Fully electrical

14,967

8,995

66%

31,237

21,047

48%

– Plug-in hybrid

9,889

9,542

4%

23,582

24,008

-2%

 

 

 

 

 

 

 

China

14,005

11,608

21%

37,958

36,457

4%

Electrified fashions

1,039

1,442

-28%

2,443

3,830

-36%

– Fully electrical

369

435

-15%

667

926

-28%

– Plug-in hybrid

670

1,007

-33%

1,776

2,904

-39%

 

 

 

 

 

 

 

US

15,315

10,230

50%

30,951

26,483

17%

Electrified fashions

3,642

2,905

25%

8,088

7,711

5%

– Fully electrical

351

1,038

-66%

970

2,782

-65%

– Plug-in hybrid

3,291

1,867

76%

7,118

4,929

44%

 

 

 

 

 

 

 

Other

9,894

11,337

-13%

24,108

27,327

-12%

Electrified fashions

4,021

4,099

-2%

9,645

10,807

-11%

– Fully electrical

2,334

2,153

8%

5,297

5,314

0%

– Plug-in hybrid

1,687

1,946

-13%

4,348

5,493

-21%

 

 

 

 

 

 

 

Total

78,970

63,132

25%

182,687

162,938

12%

Electrified fashions

33,558

26,983

24%

74,995

67,403

11%

– Fully electrical

18,021

12,621

43%

38,171

30,069

27%

– Plug-in hybrid

15,537

14,362

8%

36,824

37,334

-1%

 

VolvoCars

Volvo Cars studies gross sales of fifty,315 vehicles in February and highest-ever share of electrified fashions

Volvo Cars studies gross sales of fifty,315 vehicles in February, a decline of two per cent in comparison with the identical month final yr. The principal cause for the decline is the timing of the Lunar New Year in China.

In February, Volvo Cars achieved its highest-ever share of electrified fashions – each in totally electrical in addition to in plug-in hybrids and totally electrical mixed. This was primarily pushed by the ramp-up of the corporate’s new totally electrical small SUV, the EX30. Fully electrical vehicles constituted 22 per cent of all vehicles offered globally through the month, whereas the mixed gross sales of totally electrical vehicles and plug-in hybrids accounted for 44 per cent.

Sales in Europe remained robust and grew 26 per cent in comparison with February 2023, reaching 26, 773 vehicles. Sales of vehicles with a totally electrical or plug-in hybrid powertrain elevated with 18 per cent, whereas gross sales of totally electrical vehicles elevated by 31 per cent, in comparison with February final yr.

In China, gross sales reached 7,911 vehicles, a lower of 39 per cent in comparison with February 2023. The cause for the decline was as a result of timing of the Lunar New Year, which primarily befell through the month of February.

Our gross sales within the US reached 7,920 vehicles, a lower of seven per cent in comparison with final yr. Sales of vehicles with a totally electrical or plug-in hybrid powertrain grew by 6 per cent in comparison with February 2023, and accounted for 32 per cent of all vehicles offered within the US.

In December 2023, Volvo Cars launched its newest addition to the totally electrical household, the EX30. During the primary two months of 2024, a complete of 5,863 vehicles have been offered. Deliveries to clients have began in Europe, Japan and Brazil with extra markets following the approaching weeks.

For February, the Volvo XC60 remained the top-selling mannequin with gross sales reaching 16,026 vehicles (2023: 16,103 vehicles), adopted by the XC40 with whole gross sales of 13,193 vehicles (2023: 15,435 vehicles), and XC90 at 7,299 vehicles (2023: 7,120 vehicles).

             
 

February

February

Jan-Feb

Jan-Feb

  
 

2024

2023

Change

2024

2023

Change
             

Europe

26,773

21,278

26%

49,914

42,714

17%

Electrified fashions

16,133

13,698

18%

29,963

26,518

13%

 – Fully electrical

8,799

6,715

31%

16,270

12,052

35%

 – Plug-in hybrid

7,334

6,983

5%

13,693

14,466

-5%
             

China

7,911

13,066

-39%

23,953

24,849

-4%

Electrified fashions

415

1,130

-63%

1,404

2,388

-41%

 – Fully electrical

137

172

-20%

298

491

-39%

 – Plug-in hybrid

278

958

-71%

1,106

1,897

-42%
             

US

7,920

8,560

-7%

15,636

16,253

-4%

Electrified fashions

2,571

2,436

6%

4,446

4,806

-7%

 – Fully electrical

359

973

-63%

619

1,744

-65%

 – Plug-in hybrid

2,212

1,463

51%

3,827

3,062

25%
             

Other

7,711

8,382

-8%

14,214

15,990

-11%

Electrified fashions

3,147

3,414

-8%

5,624

6,708

-16%

 – Fully electrical

1,629

1,714

-5%

2,963

3,161

-6%

 – Plug-in hybrid

1,518

1,700

-11%

2,661

3,547

-25%
             

Total

50,315

51,286

-2%

103,717

99,806

4%

Electrified fashions

22,266

20,678

8%

41,437

40,420

3%

 – Fully electrical

10,924

9,574

14%

20,150

17,448

15%

 – Plug-in hybrid

11,342

11,104

2%

21,287

22,972

-7%

 

VauxhallUk

Opel-Vauxhall will increase international gross sales by a robust 15 per cent in 2023

  • High proportion of electrical autos: Sales improve of twenty-two per cent for electrical autos
  • Internationalisation technique working: 62 per cent improve outdoors of Europe
  • Considerable gentle business automobile progress: Sales up by 26 per cent
  • Strong progress within the C-segment: Astra and Grandland gross sales up by 57 per cent

Opel-Vauxhall grew considerably in 2023 with a gross sales improve of 15 per cent. This is the best per centage progress price in additional than 20 years. Global gross sales have been as much as round 670,000 autos giving the German-Anglo producer its highest registration numbers in 4 years.

The Vauxhall model is unique to the UK and is marketed as Opel in all different markets globally.  In its twin home markets of the UK and Germany – Vauxhall recorded a six per cent market share within the UK while Opel closed 2023 with a market share of round 5.3 per cent within the German market.  Opel can be very profitable in Turkey with a market share of six per cent. 

Florian Huettl, CEO, Opel-Vauxhall, commented: “We can look back on a very strong year in 2023. Opel-Vauxhall has grown considerably. We have made significant gains, particularly in electric vehicles, across the C-segment and light commercial vehicles. We were also able to significantly expand our international business. This is clear evidence that our strategy is working.”

High proportion of electrical autos: Sales improve of twenty-two per cent for electrical autos

The battery electrical autos (BEVs) have been extraordinarily effectively acquired by prospects. Around 90,000 BEVs bought signify a major improve of twenty-two per cent in comparison with the earlier 12 months. This impressively demonstrates the success of Opel-Vauxhall’s electrification offensive – which commits to providing a completely electrical model of each automotive and van within the line-up from as early as the top of this 12 months.

Internationalisation technique working: 62 per cent improve outdoors of Europe

Opel grew strongly outdoors of the EU 29 markets final 12 months and elevated gross sales by round 62 per cent to a complete of 101,000 autos. This corresponds to fifteen per cent of the model’s whole gross sales.

Considerable gentle business automobile progress: Sales up by 26 per cent

In whole, Opel and Vauxhall have been capable of promote 125,000 gentle business autos worldwide, which corresponds to a rise of 26 per cent in comparison with 2022. The manufacturers secured a number one place amongst electrical vans with round 17,000 models of the Combo Electric, Vivaro Electric and Movano Electric bought on the European market (EU 29). Vauxhall is as soon as once more the main electrical van model within the UK, representing practically 30 per cent of final 12 months’s e-LCV market – following on from the re-opening of the Ellesmere Port plant to solely manufacture compact electrical vans. 

Strong progress within the C-segment: Astra and Grandland gross sales up by 57 per cent

Opel additionally continued to develop within the extremely aggressive C-segment. The Astra was capable of double its European gross sales (EU 29) in 2023 with all drive variations. In Germany, the Astra completed fifth in its phase. Overall, Opel recorded vital progress worldwide within the C-segment. Compared to the earlier 12 months, the model bought round 57 per cent extra models of the Astra and Grandland.

Corsa and Mokka proceed to achieve success throughout Europe

The Corsa as soon as once more proved to be a bestseller final 12 months. In the corporate’s two largest markets, Germany and the UK, it was the primary alternative within the B-segment and the third best-selling automotive general within the UK. In Greece, the Opel Corsa was even the best-selling automotive general within the nation. In addition to main the best way in Germany and the United Kingdom, the Corsa Electric took second place within the registration statistics in its phase in Italy, the Netherlands, Portugal and Austria. The Mokka Electric was the preferred B-SUV within the UK and completed second in Germany, Spain, Poland and Belgium.

ENDS

About Opel

Opel is without doubt one of the largest European automotive producers and a frontrunner within the discount of CO2 emissions because of its in depth electrification offensive. The firm was based by Adam Opel in Rüsselsheim, Germany, in 1862 and began constructing vehicles in 1899. Opel is a part of Stellantis NV, a world chief created for the brand new period of sustainable mobility. Together with its British sister model Vauxhall, the corporate is represented in additional than 60 international locations across the globe, persevering with to enter new worldwide markets. Opel is presently constantly implementing its electrification technique to safe sustainable success and be sure that the longer term mobility calls for of consumers are met. By 2024, an electrified variant of every Opel mannequin can be obtainable.

ABOUT VAUXHALL MOTORS

Vauxhall Motors began making autos within the UK in 1903. Today, because the oldest and most acquainted of Britain’s automotive producers, its philosophy is to construct autos which are related to all. Vauxhall is one among few mainstream automotive manufacturers to supply vans in Britain at its manufacturing crops in Luton, residence of the Vivaro, and Ellesmere Port, the UK’s first EV-only manufacturing plant. Vauxhall has been the UK’s best-selling electrical gentle business automobile producer since 2021, whereas amongst its passenger automotive line-up, the Vauxhall Corsa was the UK’s best-selling new automotive in 2021. 

Vauxhall is a part of Stellantis N.V., a world chief created for the brand new period of sustainable mobility on account of the merger between Groupe PSA and FCA Group in January 2021. Vauxhall is a frontrunner in electrification – as of 2021 it is without doubt one of the first producers to supply totally electrical variations of all its vans. From 2024, all Vauxhall automobiles and vans can be obtainable with a completely electrical model.

VolvoCars

Volvo Cars Reports a 25% Increase in Sales in September

Volvo Cars experienced a 25% growth in global sales in September, with a total of 61,666 cars sold. This represents a significant increase compared to the same period last year, driven by sales growth in Europe, the US, and China. In the first nine months of this year, the company sold 509,158 cars, marking a 19% increase compared to the previous year.

A key contributing factor to Volvo Cars’ sales growth was the Recharge line-up of models, which includes fully electric or plug-in hybrid powertrains. In September, the sales of Recharge models rose by 37% and accounted for 34% of all cars sold globally. The share of fully electric cars also saw a notable increase, representing 15% of overall sales compared to 12% in September 2022.

In Europe, Volvo Cars reported a 32% increase in sales, with 25,489 cars sold in September. The Recharge models also saw significant growth in this region, reaching 13,599 cars sold, accounting for 53% of total sales.

In the US, Volvo Cars experienced a remarkable 65% growth in sales, with 10,946 cars sold in September. The Recharge models made up 28% of the overall sales in the US during this period.

In China, Volvo Cars saw a more modest 4% increase in sales with 15,460 cars sold in September. However, the sales of Recharge models grew by 20% compared to the same period last year.

The top-selling model for Volvo Cars globally in September was the XC60, with a total of 20,243 cars sold, followed by the XC40 with 18,306 cars sold and the Volvo XC90 with 8,530 cars sold.

             
 

September

September

Jan-Sept

Jan-Sept

  
 

2023

2022

Change

2023

2022

Change
             

Europe

25,489

19,358

32%

208,769

166,016

26%

Recharge

13,599

11,201

21%

125,326

81,314

54%

 – Fully electric

6,221

5,072

23%

52,766

20,574

156%

 – Plug-in hybrid

7,378

6,129

20%

72,560

60,740

19%
             

China

15,460

14,845

4%

123,928

117,744

5%

Recharge

1,272

1,057

20%

11,132

8,251

35%

 – Fully electric

277

225

23%

2,531

1,945

30%

 – Plug-in hybrid

995

832

20%

8,601

6,306

36%
             

US

10,946

6,627

65%

92,125

72,216

28%

Recharge

3,052

1,169

161%

26,346

19,415

36%

 – Fully electric

1,126

154

631%

10,843

4,265

154%

 – Plug-in hybrid

1,926

1,015

90%

15,503

15,150

2%
             

Other

9,771

8,526

15%

84,336

73,011

16%

Recharge

3,180

2,009

58%

30,424

19,595

55%

 – Fully electric

1,581

621

155%

14,489

5,585

159%

 – Plug-in hybrid

1,599

1,388

15%

15,935

14,010

14%
             

Total

61,666

49,356

25%

509,158

428,987

19%

Recharge

21,103

15,436

37%

193,228

128,575

50%

 – Fully electric

9,205

6,072

52%

80,629

32,369

149%

 – Plug-in hybrid

11,898

9,364

27%

112,599

96,206

17%

——————————-

 

VolvoCars

Volvo Cars sales increase by 18% in August

Volvo Cars has reported a global sales increase of 18% in August, with a total of 51,636 cars sold. This growth can be attributed to strong sales performance in both Europe and the US.

 

In the year-to-date, Volvo Cars has sold a total of 447,492 cars, which marks an 18% increase compared to the same period last year.

 

The company’s Recharge models, which include fully electric and plug-in hybrid vehicles, accounted for 33% of global sales in August. Specifically, fully electric vehicles made up 13% of total sales. Sales of Recharge cars have grown significantly by 78% compared to the same time last year.

 

In Europe, Volvo Cars experienced a 46% increase in sales, with a total of 16,051 cars sold in August. Recharge models made up 63% of sales in the region, while fully electric cars accounted for 26%.

 

Sales in the US also saw a notable growth of 31% in August, with a total of 10,644 cars sold. The company sold 2,673 Recharge cars in the US during this period, representing a substantial increase of 94% compared to last year.

 

However, sales in China declined by 8% in August, with 15,760 cars sold. Despite this, Volvo Cars has experienced a 5% overall sales growth in China for the January-August period, with a total of 108,468 cars sold.

 

Globally, the best-selling model for Volvo Cars remains the XC60, with a total of 16,476 cars sold in August. This is followed by the XC40 with 13,942 cars sold and the Volvo XC90 with 8,319 cars sold.

 

 

August

August

  

Jan-Aug

Jan-Aug

  
 

2023

2022

Change

2023

2022

Change
             

Europe

16,051

10,995

46%

183,280

146,658

25%

Recharge

10,182

5,772

95%

111,727

70,113

59%

 – Fully electric

4,216

1,454

190%

46,545

15,502

200%

 – Plug-in hybrid

5,966

3,769

58%

65,182

54,611

19%
             

China

15,760

17,179

-8%

108,468

102,899

5%

Recharge

1,125

1,337

-16%

9,860

7,194

37%

 – Fully electric

200

492

-59%

2,254

1,720

31%

 – Plug-in hybrid

925

845

10%

7,606

5,474

39%
             

US

10,644

8,136

31%

81,179

65,589

24%

Recharge

2,673

961

94%

23,294

14,135

28%

 – Fully electric

859

206

317%

9,717

4,111

136%

 – Plug-in hybrid

1,814

1,174

55%

13,577

12,961

-4%
             

Other

9,181

7,356

25%

74,565

64,485

16%

Recharge

3,025

1,642

84%

27,244

17,586

55%

 – Fully electric

1,386

342

305%

12,908

4,964

160%

 – Plug-in hybrid

1,640

1,300

26%

14,336

12,622

14%
             

Total

51,636

43,666

18%

447,492

379,631

18%

Recharge

17,005

9,582

78%

172,125

113,139

52%

 – Fully electric

6,660

2,494

167%

71,424

26,297

172%

 – Plug-in hybrid

10,345

7,088

46%

100,701

86,842

16%

 

VolvoCars

Volvo Cars sales up 21 per cent in July

Volvo Cars has announced that its global sales for the month of July have increased by 21 per cent compared to the same period last year. This growth marks the 11th consecutive month of year-over-year sales increase.

From January to July 2023, Volvo Cars sold a total of 395,856 vehicles globally, representing an 18 per cent increase compared to the same period in 2022.

The company’s Recharge line-up, which includes fully electric and plug-in hybrid models, nearly doubled in sales compared to July last year. Recharge models accounted for 35 per cent of all Volvo cars sold globally in July, with fully electric cars making up 10 per cent of the total.

In Europe, Volvo Cars reported a 28 per cent sales increase, reaching a total of 20,286 vehicles sold. Recharge models accounted for 56 per cent of sales in the region, while fully electric cars accounted for 13 per cent.

Meanwhile, sales in the United States saw a significant increase of 57 per cent, with 10,785 Volvo cars sold in July. The number of Recharge cars sold in the US grew by 226 per cent compared to last year, and Recharge models made up 29 per cent of all vehicles sold in Volvo Cars’ second-largest market.

In China, Volvo Cars experienced a decrease of 8 per cent in sales, with a total of 14,182 vehicles sold in July. Recharge models accounted for 8 per cent of the total sales in China.

During the month of July, the top-selling model for Volvo Cars was the Volvo XC60, with 18,259 units sold. This was followed by the XC40 with 14,594 units sold, and the XC90 with 8,640 units sold.

 

July

July

  

Jan-July

Jan-July

  
 

2023

2022

Change

2023

2022

Change
             

Europe

20,286

15,893

28%

167,229

135,663

23%

Recharge

11,285

6,344

78%

101,545

64,890

56%

 – Fully electric

2,712

994

173%

42,329

14,048

201%

 – Plug-in hybrid

8,573

5,350

60%

59,216

50,842

16%
             

China

14,182

15,487

-8%

92,708

85,720

8%

Recharge

1,170

815

44%

8,735

5,857

49%

 – Fully electric

253

342

-26%

2,054

1,228

67%

 – Plug-in hybrid

917

473

94%

6,681

4,629

44%
             

US

10,785

6,868

57%

70,535

57,453

23%

Recharge

3,132

961

226%

20,621

16,866

22%

 – Fully electric

1,255

94

1,235%

8,858

3,905

127%

 – Plug-in hybrid

1,877

867

116%

11,763

12,961

-9%
             

Other

8,912

6,416

39%

65,384

57,129

14%

Recharge

3,115

1,476

111%

24,219

15,944

52%

 – Fully electric

1,284

153

739%

11,523

4,622

149%

 – Plug-in hybrid

1,831

1,323

38%

12,696

11,322

12%
             

Total

54,165

44,664

21%

395,856

335,965

18%

Recharge

18,702

9,596

95%

155,120

103,557

50%

 – Fully electric

5,504

1,583

248%

64,764

23,803

172%

 – Plug-in hybrid

13,198

8,013

65%

90,356

79,754

13%
VolvoCars

Volvo Cars Reports Significant Increase in Global Sales in June

Volvo Cars announced that it experienced a 33% growth in global sales in June compared to the same month last year. The boost in sales can be attributed to the company’s fully electric cars, which recorded a fourfold increase compared to last year. The figures for June 2022 were also affected by production constraints stemming from supply chain issues.

During the first half of this year, Volvo Cars sold a total of 341,691 vehicles, reflecting a 17% increase compared to the same period in 2022.

The Recharge line-up of chargeable models, which consists of fully electric and plug-in hybrid vehicles, saw a remarkable surge of 129% in June. These models accounted for 37% of all Volvo car sales worldwide during the month, with fully electric cars making up 14% of the total.

In Europe, sales grew by an impressive 70% compared to last year, reaching 27,196 cars. Recharge models held a 58% share of overall sales in the region. For the first six months of this year, European sales increased by 23% to 146,943 cars.

In the United States, Volvo Cars sold 12,933 vehicles in June, marking a 53% increase compared to last year. Sales of Recharge models grew by 79% and accounted for 29% of the total sales. Overall sales in the US for the first half of 2023 amounted to 59,750, an 18% increase compared to the same period in the previous year.

In China, sales reached 15,405 cars, which is a 7% decrease from the same month last year. Recharge models represented 8% of the total sales in China.

The top-selling model in June was the Volvo XC60, with 21,053 cars sold (compared to 18,275 units in 2022), followed by the XC40 with total sales of 18,170 cars (compared to 10,194 units in 2022) and the XC90 with 9,895 cars sold (compared to 9,949 units in 2022).

 

June

June

  

H1

H1

  
 

2023

2022

Change

2023

2022

Change
             

Europe

27,196

16,039

70%

146,943

119,770

23%

Recharge

15,708

5,426

189%

90,260

58,546

54%

 – Fully electric

5,487

883

521%

39,617

13,054

203%

 – Plug-in hybrid

10,221

4,543

125%

50,643

45,492

11%
             

China

15,405

16,468

-6%

78,526

70,233

12%

Recharge

1,294

675

92%

7,565

5,042

50%

 – Fully electric

270

118

129%

1,801

886

103%

 – Plug-in hybrid

1,024

557

84%

5,764

4,156

39%
             

US

12,933

8,434

53%

59,750

50,585

18%

Recharge

3,793

2,118

79%

17,489

15,905

10%

 – Fully electric

2,123

553

284%

7,603

3,811

100%

 – Plug-in hybrid

1,670

1,565

7%

9,886

12,094

-18%
             

Other

10,845

8,963

21%

56,472

50,713

11%

Recharge

3,625

2,426

49%

21,104

14,468

46%

 – Fully electric

1,655

584

183%

10,239

4,469

129%

 – Plug-in hybrid

1,970

1,842

7%

10,865

9,999

9%
             

Total

66,379

49,904

33%

341,691

291,301

17%

Recharge

24,420

10,645

129%

136,418

93,961

45%

 – Fully electric

9,535

2,138

346%

59,260

22,220

167%

 – Plug-in hybrid

14,885

8,507

75%

77,158

71,741

8%
FiatUk

Three quarters of UK motorists think Government could do more to help drivers make switch to electric cars

  • Only 15 per cent likely to make switch to electric in next 12 months, FIAT study finds
  • 60 per cent would consider making the switch if the vehicles were cheaper
  • Over 80 per cent of EV drivers say it’s one of the best decisions they’ve made
  • FIAT recently introduced £3,000 FIAT E-Grant for FIAT 500e and 500e Convertible buyers
  • First car manufacturer to launch its own electric car grant in the UK since the Government’s Plug-in Car Grant came to an end 12 months ago

Three quarters of Brits think the Government should be doing more to encourage the switch to electric vehicles (EV) – by offering consumer grants.

A poll of 2,000 adults found 63 per cent consider the retail price to be the biggest downside of EVs.
Just 15 per cent of those who don’t own an EV are ‘likely’ to make the switch within the next 12 months – but 60 per cent would be more inclined to go electric if the vehicles were cheaper.

The study revealed a groundswell of support for the Government’s pledge that all new cars and vans will be required to be ‘fully zero emission at the tailpipe’ by 2035 – with 45 per cent backing the plan.

But just 21 per cent of all adults think the strategy will be successful – 55 per cent don’t think the promise will be fulfilled and 25 per cent are on the fence.

This comes after FIAT launched its own electric car grant, FIAT E-Grant, offering £3,000 towards the all-electric 500e and 500e convertible.

Damien Dally, FIAT UK managing director, said: “EV ownership has increased significantly over the last decade, however, demand is starting to plateau and there is still apprehension among those who’ve yet to go electric.

“As our study shows cost is the biggest stumbling block for consumers, which won’t have been helped by the Government Plug-in Car Grant ending 12 months ago. We are committed to helping people make the switch, that’s why we launched our own grant.’’

The study by FIAT also identified other areas consumers feel require investment from the Government in relation to EVs.

These include charging infrastructure (59 per cent), battery plants in the UK (45 per cent), and tax subsidies (38 per cent).

While 22 per cent believe there should be more money spent on educating as many people as possible on EVs.

Further to this, the research highlighted aspects of electric car ownership which consumers still seem to require further education on.

Such questions include ‘how long does it take to charge an EV?’ (40 per cent), ‘do EV batteries last long?’ (40 per cent), and ‘how much range would an EV really need?’ (30 per cent).

‘Will charging an EV at home raise my electricity bill?’ (27 per cent), ‘does insurance cost more for EVs?’ (26 per cent), and ‘do all EVs use the same charger?’ (23 per cent) are also common queries.

And while 85 per cent of car owners polled are yet to make the switch – possibly with questions like these in the back of their minds – those who’ve gone electric appear to have no regrets.

The study found 81 per cent of those who’ve made the switch consider their decision to be ‘one of the best’ they’ve made.

Dally added: “The research suggests petrol and diesel vehicle users are keen to make the switch to EVs but there is still plenty of uncertainty.

“This underlines why it’s important to incentivise people to make the switch while educating them on the benefits of going electric.”

ENDS

For more information about the FIAT E-Grant visit: here and here.

For more information about driving electric visit: https://www.fiat.co.uk/driving-electric.

VolvoCars

Volvo Cars global sales up 31 per cent in May

Volvo Cars reports global sales of 60,398 cars in May, up 31 per cent compared with the same month last year. The company’s fully electric cars were the main contributor to the growth, rising 196 per cent during the period. Furthermore, figures from May 2022 were negatively affected by lower production due to last year’s supply chain constraints.

For the first five months of the year, Volvo Cars sales reached 275,312 cars, up 14 per cent compared with the same period during 2022. 

Sales of Volvo Cars’ Recharge models of fully electric and plug-in hybrid cars increased by 55 per cent in May, accounting for 40 per cent of all Volvo cars sold globally during the month. The share of fully electric cars stood at 18 per cent. 

Sales in Europe for May reached 26,272 cars, an increase of 40 per cent compared with last year. The share of Recharge models reached 63 per cent of overall sales in the region and the share of fully electric cars ended up at 29 per cent.

US sales grew by 14 per cent in May to 10,723 cars. The share of Recharge models reached 28 per cent of overall sales and sales of fully electric cars increased by 66 per cent compared with last year.

In China, sales reached 14,121 cars, an increase of 49 per cent compared with the same month last year. Sales of Volvo Cars’ Recharge models grew by 116 per cent, accounting for 8 per cent of the total sales in China.

In May, the Volvo XC60 was the top-selling model with sales of 18,052 cars (2022: 15,117 units), followed by the XC40 with total sales at 17,596 cars (2022: 12,097 units) and the XC90 at 9,058 cars (2022: 8,790 units).

 

May

May

Jan-May

Jan-May

 

2023

2022

Change

2023

2022

Change

 

 

 

 

 

 

 

Europe

26,272

18,752

40%

119,747

103,731

15%

Recharge

16,481

8,813

87%

74,552

53,120

40%

 – Fully electric

7,655

1,847

314%

34,130

12,171

180%

 – Plug-in hybrid

8,826

6,966

27%

40,422

40,949

-1%

 

 

 

 

 

 

 

China

14,121

9,488

49%

63,121

53,765

17%

Recharge

1,181

547

116%

6,271

4,367

44%

 – Fully electric

263

143

84%

1,531

768

99%

 – Plug-in hybrid

918

404

127%

4,740

3,599

32%
             

US

10,723

9,372

14%

46,817

42,151

11%

Recharge

3,039

3,348

-9%

13,696

13,787

-1%

 – Fully electric

1,342

807

66%

5,480

3,258

68%

 – Plug-in hybrid

1,697

2,541

-33%

8,216

10,529

-22%
             

Other

9,282

8,340

11%

45,627

41,750

9%

Recharge

3,266

2,737

19%

17,479

12,042

45%

 – Fully electric

1,566

855

83%

8,584

3,885

121%

 – Plug-in hybrid

1,700

1,882

-10%

8,895

8,157

9%
             

Total

60,398

45,952

31%

275,312

241,397

14%

Recharge

23,967

15,445

55%

111,998

83,316

34%

 – Fully electric

10,826

3,652

196%

49,725

20,082

148%

 – Plug-in hybrid

13,141

11,793

11%

62,273

63,234

-2%