All articles tagged with #bevs
China and the EU have agreed on general guidance for price undertakings on passenger BEVs exported to the EU, with the EU issuing a Guidance Document to evaluate offers under non-discrimination and WTO rules. The move follows a 2023 anti-subsidy investigation and 2025 tariffs and is aimed at a pragmatic, WTO-compliant path that could stabilize China-EU EV trade and investment, while tariffs for some brands remain in place.
In April, BEVs made up 15% of the overall German auto market, with 29,740 registrations, while PHEVs were down 46% with 11,787 registrations. The Tesla Model Y came in third place with 1,636 registrations, behind Volkswagen's ID.4 and ID.3. Volkswagen Group placed four models in the top five, all from the MEB platform. The Mercedes C-Class PHEV and GLC PHEV were the only PHEVs in the top 20. Tesla's Model Y is well above everyone else in the 2023 table, with even double the sales of the runner-up, the VW ID.3. Volkswagen Group has its domestic market well in hand, with 30% share, followed at a distance by Mercedes-Benz (14.6%) and Tesla (13.3%).
Volkswagen Group's global deliveries of battery electric vehicles (BEVs) increased by 42% YoY in Q1 2023, with 141,000 BEVs delivered. Europe accounted for nearly 70% of the deliveries, while China saw a 25.4% drop YoY. The US saw almost twice as many BEVs delivered YoY, with 15,700 delivered. The Volkswagen ID.4/ID.5 was the most successful BEV model, with 41,900 delivered. Volkswagen plans to introduce over 70 EV models by 2028.
Chinese EV startup Li Auto plans to officially shift to all-electric vehicles (BEVs) during the Shanghai Auto Show, while continuing to make extended range EVs (EREVs). Li Auto has been outselling startup peers Nio and XPeng in the RMB 300,000 to RMB 500,000 SUV market. Shares of Li Auto rose 5.5% and Nio jumped nearly 7% on Monday ahead of the auto show. Li Auto's forthcoming BEVs are expected to be priced in the RMB 200,000-$500,000 range.
Hyundai Motor America reported its best March ever in the US, with a total monthly sales record of 75,404 vehicles, including the first-ever sales of the all-new Hyundai Ioniq 6 (222 units) and 2,114 units of the Hyundai Ioniq 5. However, the volume of Ioniq 5 weakened by 22% YoY. The total Hyundai Ioniq 5/Ioniq 6 sales amounted to 2,336 (down 13% YoY), which represents about 3.1% of the total volume. Hyundai's BEV sales are suffering due to the Inflation Reduction Act of 2022 (IRA), which removed the $7,500 federal tax credit for imported BEVs, and supply constraints.