EV Registrations – Q1, & March 2024

EV Registrations – Q1, & March 2024

Q1 2024

New plug-in vehicle registrations amounted to 20.8% in Q1 2024, comprised of:

New Vehicles

Q1 2024 Units (Market Share) 

Q1 2023 Units (Market Share) 

BEV

7,971 (12.7%)

9,297 (16.0%)

PHEV

5,094 (8.1%)

4,626 (8.0%)

Clearly there’s a significant decline in BEV registrations - down 1,326 units (-14.3%). As Q1 2024 new vehicle registrations otherwise increased 8.0%, a steeper decline was seen in BEV market share (from 16.0% to 12.7%). Conversely, PHEV registrations increased by 468 (10.0%), with a slight bump in market share (from 8.0% to 8.1%).

Registrations from used imports accounted for a further:

Used Imports

Q1 2024 Units

Q1 2023 Units

BEV

429

380

PHEV

2,004

1,001

This indicates a significant, albeit from a low base, increase in BEV registrations – up 12.9%, & PHEV registrations doubling. It’s worth noting too that Q1 2024 used import registrations otherwise increased 24.2% v. Q1 2023, i.e. while BEVs while increased, it increased at a rate below the overall growth rate.

The top 5 most-registered BEVs in Q1 were the:

  1. Hyundai Kona
  2. Tesla Model 3
  3. Volkswagen ID.4
  4. Volkswagen ID.3
  5. MG MG4

A full breakdown of Q1 is available below.

Looking at the top 10 new BEVs registered by manufacturer:

Manufacturer

Q1 2024 

Q1 2023 

Volkswagen

1,087 

2,050 

Hyundai

926 

1,461 

Tesla

833 

678 

BYD

723 

Kia

639 

760 

MG

567 

195 

BMW

448 

630 

Audi

367 

395 

Skoda 

365 

479 

Nissan 

364 

385 

Source: SIMI Motorstats 

Decreases were seen in new registrations by the majority of manufacturers v. 2023, with Volkswagen worst affected to date – declining 47%. This wasn’t the case with the plug-in vehicle only manufacturers though – with both Tesla & MG on the up; both BYD & MG are new to the top 10 this year. Whether this improves over the coming quarters remains to be seen.

March 2024

New plug-in vehicle registrations increased to 22.1% in March, comprised of:

  • 2,009 (13.5%) BEVs, &;
  • 1,296 (8.7%) PHEVs.

New BEV registrations, while up on February (market share increasing from 11.3% -> 13.5%), continue to disappoint (as discussed earlier). As with prior months, PHEV new registrations have remained strong.

Additional registrations from used imports accounted for a further:

  • 128 BEVs, &;
  • 702 PHEVs.

The top 3 most-registered BEVs in March were the:

  1. Tesla Model 3
  2. Tesla Model Y
  3. Volkswagen ID.3

Provided below is a complete breakdown of new BEVs registered in March, registered so far this year, i.e. Q1, & registrations for the prior year:

Make

Model

Mar

2024

% sales

Mar 2024

2024

(Jan - Mar)

% sales 2024

(Jan - Mar)

2023

(Jan - Dec)

% sales 2023

(Jan - Dec)

Tesla

Model 3

214

10.7%

465

5.8%

1,143

5.0%

Tesla

Model Y

208

10.4%

369

4.6%

2,220

9.7%

Volkswagen

ID.3

160

8.0%

416

5.2%

803

3.5%

Skoda

Enyaq

125

6.2%

365

4.6%

1,259

5.5%

Audi

Q4 e-tron

90

4.5%

267

3.3%

609

2.7%

BYD

Seal

77

 

372

4.7%

6

 

MG

MG4

71

 

402

5.0%

1,149

5.0%

Kia

EV6

70

 

270

3.4%

936

4.1%

BMW

iX1

68

 

194

2.4%

155

 

Kia

Niro

63

 

221

2.8%

706

3.1%

Volkswagen

ID.4

62

 

456

5.7%

2,922

12.8%

Toyota

BZ4X

49

 

159

2.0%

651

2.9%

Hyundai

Kona

45

 

514

6.4%

721

3.2%

BYD

ATTO 3

45

 

198

2.5%

506

2.2%

Volvo

EX30

44

 

115

1.4%

   

Nissan

Ariya

42

 

140

1.8%

106

 

BMW

I4

42

 

111

1.4%

543

2.4%

Hyundai

Ioniq 5

41

 

269

3.4%

1,250

5.5%

Nissan

Leaf

36

 

224

2.8%

437

1.9%

Kia

EV9

35

 

148

1.9%

11

 

Volvo

XC40

33

 

188

2.4%

429

1.9%

Cupra

Born

33

 

150

1.9%

635

2.8%

BMW

iX3

33

 

64

 

309

1.4%

BYD

Dolphin

28

 

153

1.9%

28

 

Mercedes-Benz

EQE SUV

27

 

65

 

18

 

Renault

Megane

24

 

161

2.0%

545

2.4%

Polestar

Polestar 2

21

 

74

 

313

1.4%

Audi

Q8 e-tron

21

 

69

 

107

 

Hyundai

Ioniq 6

17

 

144

1.8%

342

1.5%

MG

ZS

17

 

116

1.5%

270

1.2%

Mercedes-Benz

EQE

14

 

127

1.6%

168

 

Citroen

EC4X

13

 

27

 

22

 

MG

MG5

12

 

49

 

196

 

BMW

iX

12

 

32

 

132

 

Mercedes-Benz

EQB

10

 

82

1.0%

119

 

Volvo

C40

10

 

58

 

141

 

Audi

E-Tron GT

10

 

20

 

102

 

Volkswagen

ID Buzz PC

9

 

34

     

GMW

Ora 03

8

 

26

 

32

 

Porsche

Taycan

7

 

44

 

191

 

BMW

I5

7

 

36

 

23

 

Opel

Mokka

7

 

26

 

212

 

Volkswagen

Up

5

 

89

1.1%

153

 

Peugeot

Rifter

5

 

7

 

16

 

Mercedes-Benz

EQA

4

 

45

 

91

 

Citroen

C4

4

 

36

 

62

 

BMW

7 Series

4

 

10

 

31

 

Peugeot

208

3

 

29

 

204

 

Citroen

Berlingo Pass

3

 

9

 

31

 

Peugeot

308

3

 

3

     

Fiat

500

2

 

16

 

130

 

Ford

Mach-E

2

 

14

 

83

 

Jaguar

I-Pace

2

 

13

 

64

 

Citroen

Space Tourer

2

 

10

 

24

 

Citroen

Dispatch Pass

2

 

2

     

Peugeot

2008

1

 

59

 

308

1.4%

Volkswagen

ID.7

1

 

48

     

Volkswagen

ID.5

1

 

44

 

317

1.4%

Opel

Astra

1

 

13

     

Mercedes-Benz

EQS SUV

1

 

13

 

28

 

Audi

E-Tron

1

 

10

 

33

 

Opel

Corsa

1

 

5

 

64

 

Mercedes-Benz

AMG

1

 

4

 

6

 

Jeep

Avenger

   

17

 

13

 

Mini

Mini Hatch

   

14

 

284

1.2%

Mercedes-Benz

EQS

   

8

 

55

 

Smart

Smart

   

6

     

Opel

Combo Pass

   

5

 

7

 

Honda

NY1

   

5

     

Subaru

Solterra

   

5

 

32

 

Mazda

MX

   

3

 

23

 

Fiat

Doblo

   

2

     

DS

DS3

   

2

 

10

 

BMW

4 Series

   

1

 

3

 

Mercedes-Benz

EQV

   

1

 

5

 

Honda

Honda E

   

1

 

17

 

Ssangyong

Korando

   

1

     

Audi

SQ8

   

1

     

Mercedes-Benz

EQC

       

15

 

Peugeot

Expert

       

5

 

Maxus

MIFA

       

8

 

Tesla

Model S

       

3

 

Tesla

Model X

       

5

 

Peugeot

Unknown

       

1

 

BMW

X1

       

1

 

Opel

Zafira

       

11

 

Renault

Zoe

       

179

 

Total

 

2,009

 

7,971

 

22,789

 

Source: SIMI Motorstats

*SIMI numbers reported may include a number of miscategorised registrations.

 

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