Automotive

Published on October 8th, 2019 | by Daniel Sherman Fernandez

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England sees a big jump in electric mobility sales

Malaysia needs a big jump also and it should happen soon.

The United Kingdom had a big jump in the sale and adoption of electric mobility in September 2019 as the government pushed hard for emissions control and moved to provide cleaner air. Electrified models grew in popularity where in particular EVs and mild-hybrid diesels, which saw sales increase by an astonishing 236.4 and 677.8 per cent respectively.

Global electric car sales as of end August 2019 (source, seeking alpha)

Global electric car sales finished August 2019 with 158,000 sales for the month, down 9% on August 2018, with market share at 2.0% in August, and 2.3% YTD.

Of note 76% of all global electric car sales in August were 100% battery electric vehicles [BEVs], the balance being hybrids.

UK september car sales figures

China electric car sales were 85,000 in August 2019, down 12% on August 2018, probably still as a result of the June 25 subsidy cut, as well as a general car market sales slowdown. Electric car market share in China for August was 4.1%, and 6.0% YTD.

Current subsidies in China were reduced by 20% in 2017 and have been reduced again in 2019 (took effect June 25, 2019), and are to be reduced 100% by 2021. China’s Zero Emission Vehicle [ZEV] credit system was announced on September 28, 2017, and has now begun in 2019 with 10% of credits (12% in 2020) required from new energy vehicles [NEVs]. 

That translates to ~4-5% of EV sales as market share for 2019. It is currently under consideration to be increased (14% in 2021, 16% in 2022 and 18% in 2023). As to when China will ban ICE vehicles a recent report says proposed targets could be (subject to change): 20% e-cars by 2025, 40% by 2030: 60% by 2035 and China may announce this by end 2019.

Europe electric car sales were 35,000 in August 2019, 15% higher than in August 2018. Europe electric car market share was 3.3% in August, and 3.0% YTD. Norway still leads the world with an incredible 49% market share.

US electric car sales were not available in August 2019. US electric car market share is ~1.8% YTD in 2019.

Our turn soon

Well, Malaysia needs to take emissions seriously and start employing similar methods to get new car sales to switch more to hybrids and electric vehicles before it is too late. Government incentives have to be put in place and protection of certain quarters in our automotive industry needs to be removed. 


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