News Global Plug-In Hybrid Vehicle Sales Rise 59% in Q1

23:05  16 may  2018
23:05  16 may  2018 Source:   247wallst.com

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Global Plug - in Sales for 2017 Q 1 + April Global plug - in vehicle sales in Q 1 of 2017 were 191 700 units, 40 % higher than for the same period 2016. 65 % were pure electric (BEV) and 35 % were plug - in hybrids (PHEV). The preliminary April results show a 30 % increase over April 2016, with 67

a red and black motorcycle © courtesy of Nissan USA Global sales of plug-in hybrid electric vehicles (PHEVs) rose by 59% year over year in the first quarter of 2018 to 312,400 units. The total includes battery-electric vehicle (BEV) and PHEV passenger car sales, light trucks in the United States and Canada, and light commercial vehicles in Europe and China.

The growth rate for PHEVs was 69%, compared to a growth rate of 52% for BEVs. The best-selling vehicle was the Nissan Leaf, with 22,000 units delivered in the first quarter.

The fastest growing markets were Finland (up 144%), South Korea (up 138%), Australia (up 132%), Netherlands (up 122%), Canada (up 114%) and China (up 113%). Market share leaders were Norway (46% of all new car sales were plug-ins in the first quarter), Iceland (26%) and Sweden (7%). No large economy had a market share of greater than 2.5%.

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Global plug - in vehicle sales in Q 1 of 2017 were 191,700 units, 40 % higher than for the same period 2016. These include all global BEV and PHEV passenger cars sales , light trucks in USA/Canada and light commercial vehicle in Europe. 65 % were pure electric (BEV) and 35 % were plug - in hybrids

Total World Plug - in Vehicle Volumes. Americas. Global Plug - in Sales for Q 1 -2018. 2017 was a great year for Plug - ins and the pace continues: Quarter 1 deliveries of this year were 312 400 units worldwide, 59 % higher than for Q 1 -2017.

The data were reported Monday by research firm EV-volumes.com, which is predicting a full-year increase in 2018 of 48% year over year to 1.9 million vehicles. If that prediction comes true, PHEVs will account for just under 2% of total global new car sales this year. EV-volumes.com expects PHEV sales to approach 3% of all monthly sales by December.

In the United States, consumers are still waiting for larger supplies of Tesla Inc. (NASDAQ: TSLA) Model 3 sedans and the second generation Nissan Leaf. The Model-3 was the country's best seller from January through April, with 12,000 deliveries this year, including April. In the first quarter, Tesla had one-third of the U.S. plug-in market, and all of its models ranked in the top five in sales.

The researchers also noted that the number of public charging stations doubled within two years. Battery costs have dropped by 50% in the past three years, and large automakers like Volkswagen, BMW and Daimler have said that electric vehicles will comprise 25% of their total sales in the next decade.

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GM likely next to hit EV tax credit cap .
Better scoop up that Bolt EV if you think you qualify for the full $7,500.General Motors should reach 200,000 electrified vehicle sales this year, triggering a phase-out of its federal tax credit, The Detroit News reports. It has sold approximately 187,000 plug-in hybrids and EVs to date, split between the Chevrolet Bolt EV electric hatch and Volt extended-range electric, as well as the Cadillac CT6 plug-in hybrid. GM believes it will hit the cap this year, but The Detroit News talked to Edmunds, which believes it won't trigger the phase-out until the first quarter of 2019.

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