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Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

Green Car Congress

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Source: Lux Research. Click to enlarge. Lux on the price of oil.

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Tesla Model Y wins UK bestseller spot in March

Push EVs

BEVs saw fractional market share growth YoY, and a new volume record, whilst PHEVs saw a slight decline. plugin hybrids (PHEVs). PHEVs slackened, with just 11.8% The UK saw plugin electric vehicles take 22.4% of the auto market in March, down from 22.7% year on year. Combustion-only powertrains lost 2.5% comprised 16.2%

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The Workplace Charging Challenge

Plugs and Cars

Given its range, and the rapidly growing free Supercharger network, the Tesla Model S works well for virtually everyone who can afford one. The electric Infiniti has been “postponed,” and BMW is entering the market with a car that doesn’t challenge Tesla. Providing a conventional 120V outlet is cheap and familiar.

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New EV electric car calendar

EV Central

ACE-EV X1 Transformer – Australian-based start-up plans a small range of affordable EVs focused on light commercial duties. $5 Alfa Romeo Tonale – the Italian brand finally has a rechargeable car in its ranks in the form of the Tonale PHEV compact SUV. BMW iX1 – EV version of the X1 confirmed by 2023.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

Audi Q4 e-Tron Audi Q4 50 e-tron quattro The Q4 e-Tron is set to become the most affordable EV for the luxury brand, with the 210kW/545Nm rear-wheel drive 45 model priced from $88,300 plus on-road costs. Due in the second quarter, the BYD Seal U is available globally as a plug-in hybrid EV (PHEV) and a fully electric model.

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Volvo reveals EX90 EV, here in 2024

EV Central

They’re not going to be cheap. Such prices comfortably eclipse the $121,990 Volvo Australia currently asks for the XC90 Recharge Ultimate PHEV. Once the early adopters have signed up for their EX90s, we can expect more affordable single motor 2WD versions to follow. The Twin Motor EX90 version is no poor cousin.

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