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October’s auto market noticed plugin EVs at 23.5% share in France, down from 26.5% yr on yr. Basic hybrids (HEVs) had been the one powertrain that noticed YoY progress, with plugins shedding floor, although faring higher than combustion-only autos. General auto quantity was 135,532 items, down 13.3% YoY. The brand new Citroen e-C3 was France’s greatest promoting BEV in October.
October noticed mixed EVs at 23.5% share in France, with full battery electrics (BEVs) at 15.4%, and plugin hybrids (PHEVs) at 8.0%. These examine with YoY figures of 26.5% mixed, 16.7% BEV, and 9.8% PHEV.
Even in opposition to the backdrop of an general auto market that shrank 13.3% YoY, each BEVs and PHEVs nonetheless misplaced market share, because of even greater quantity drops than the market common. This isn’t nice.
Solely plugless hybrids (HEVs and gentle hybrids) noticed YoY progress in October, leaping strongly from 26.6% share to 40.4% share, and now the biggest powertrain share of the market. It bears repeating that HEVs are 100% depending on combustion of fuels for his or her vitality supply, and can’t drive on renewable electrical energy alone (not like BEVs and PHEVs).
HEVs depend on a transitional know-how whose innovation peak was the late Nineteen Nineties and early 2000s. If Norway is any information to the automotive future (and it’s), HEVs will peak within the subsequent yr or two, and thereafter lose share (at present down to only 1.1% share in Norway) as BEVs regularly take nearly the complete auto market. HEVs’ present lead can be, partly, a consequence of France slicing incentives on reasonably priced BEVs from exterior Europe, and extra not too long ago voting for extra tariffs on the perfect worth BEVs, these made in China. See the August report for extra dialogue.
In the meantime, combustion-only powertrains continued to say no. Diesels fell to six.5% share, from 7.8% YoY. Petrol fell to 26.9%, from 35.5% YoY.
![EVs At 23.5% Share In France]()
Finest Promoting BEV Fashions
Following the frenzy to fulfill the September deadline for the Social Leasing Programme, the brand new Citroen e-C3 fell again to roughly half that quantity in October, with 1,712 items. That was nonetheless sufficient to offer it the highest spot for the month, nevertheless.
In second place was the Renault Scenic, with 1,675 items, and the Peugeot e-208 took third, with 1,239 items.
Following the earlier two months on the high, the Tesla Mannequin Y dropped to fourth in October, with 1,185 items.
The brand new Renault 5 saved near its September quantity, taking sixth with 782 items. Most others had been acquainted faces, with only one or two exceptions. The brand new Porsche Macan had a robust month in October – relative to its premium price-point – with 422 items and sixteenth spot (its first time within the high 20).
As ordinary, we solely have restricted mannequin information from the French market, so we are able to’t detect new fashions which can have debuted prior to now month. If you realize of any debutants, please tell us within the feedback under.
Let’s get an replace on the 3-month rankings:
After sturdy deliveries in August and September, the Tesla Mannequin Y nonetheless has a wholesome lead within the 3-month chart, regardless of a extra modest October. With two first rate months underneath its belt, the brand new Citroen e-C3 is now in a strong second place, comfortably forward of the Renault Scenic, and Peugeot e-208, that are carefully competing for third spot.
Additional again, the Renault 5 has additionally carried out properly to climb to tenth after solely two months of quantity gross sales. If it continues on this pattern, it could be part of the highest 5 within the subsequent month or two.
When will the brand new (and much more reasonably priced) Renault 4 debut in Renault’s residence market? My tea leaves are suggesting early 2025, however please leap within the feedback you probably have native data.
Outlook
Regardless of the supply debuts of the a lot anticipated Citroen e-C3, and Renault 5, the French BEV market remains to be considerably down in quantity YoY, a deeply disappointing end result. One suspects that producers might already be beginning to slow-pedal the supply of BEV volumes for the rest of 2024, in an effort to launch these volumes in 2025, when EU rules require tighter fleet common emissions to be met.
The shrinking YoY auto market is roughly in tune with the broader French financial system, whose Q3 2024 gross output was reported to be 1.3% up YoY, a slight enchancment over Q2 (1.0%), however removed from the ~2.5% annual progress of the late ‘90s and early 2000s. Inflation was roughly flat at 1.2%, the rate of interest was 3.4%, and manufacturing PMI was flat at 44.5 factors.
Do you agree with me that we gained’t see constant annual progress return to the French BEV market till 2025, when the subsequent spherical of emissions tightening rules come into impact? Which mannequin debuts are you wanting ahead to? A you planning to get into an EV in France within the close to future? Please tell us within the feedback part under.
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