Hybrids the market choice over battery electric vehicles in the first quarter
Listen now
Description
In the three months to March 31 petrol electric hybrid vehicles (or HEV’s) andbattery electric vehicles (BEV’s) continue to gain sales traction however HEVsremain the more popular choice representing nearly 12 percent of the market. Onthe other hand, sales of pure electric BEV’s in the quarter reached just 8.7percent share. Plug in hybrid vehicles or PHEV’s are clearly not in favour andonly gained 1.17 percent of the market. In the last 12 months we’ve seen anumber of new battery electric BEV’s reach our market putting pressure on pricesand most are now offering substantial discounts and bonuses to gain salestraction. Just where the total electrified market will reach is still anyone’s guess,but it’s clear hybrids are seen as the best compromise for now. See omnystudio.com/listener for privacy information.
More Episodes
See omnystudio.com/listener for privacy information.
Published 05/17/24
Published 05/17/24
See omnystudio.com/listener for privacy information.
Published 05/17/24