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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. Electric (Battery) Forecasts Hybrids Plug-ins Sales'

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Tesla Model Y also leads the German EV market

Push EVs

Most other BEVs in the top 20 (except the MG4, and BMW iX1) have lost significant volume since Q4 2022 (before the incentive trim). Suffice it to say that the Model Y, MG4 and BMW iX1 are all climbing the ranks, whilst others just tread water until the market resettles. to 0.3%, depending who you ask ).

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Tesla Model Y wins UK bestseller spot in March

Push EVs

HEVs and mild-hybrids are offered by manufacturers as a quick and relatively cheap way (especially in the case of mild hybrids) to improve fleet emissions, compared to ICE-only vehicles. BMW, however, slid from 3rd in Q4, to 6th in Q1. Hyundai climbed from 6th to 3rd, and Stellantis climbed from 8th to 4th. share), to 9th in Q1 (3.8%

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