Most reports about electric-vehicle adoption focus on sales. But Experian, the consumer credit reporting company, last week released its Q4-2019 report based on vehicle registrations. That gives us a view not only of the current market but total vehicles in operations. Experian zoomed into EVs, sharing numbers that reveal two things: Tesla dominates – and the shift to electric vehicles is only beginning. expand full story
sales Stories March 16, 2020
sales Stories May 22, 2017
According to the European Automobile Manufacturers Association, alternative fuel vehicles (AFV’s) in the Europe Union are off to a very strong start in the first quarter of this year, increasing their numbers sold by 37.6% to 212,945 vehicles.
Hybrid vehicles (HEV) showed the biggest growth with 61.2% versus the same period last year, now counting 111,006 units. Electrically chargeable vehicles (ECV = BEV and plug-in hybrids) grew with 29.9% from 36,322 units sold in Q1, 2016 to 47,196 units in Q1, 2017. This includes 49% growth for “battery-only” (BEV’s) to 24,592 units sold and 13% growth for the plug-in hybrids (21,644 units). The U.S. market showed a similar growth of 49% for electric car sales to 40,700 units sold in the first quarter according to Bloomberg New Energy Finance. The American car market is about 16% larger.
sales Stories April 21, 2016
We have been covering a lot of departures from Tesla’s executive team lately. Tesla’s Vice President of Regulatory Affairs and Deputy General Counsel, James Chen, left the automaker earlier this month. Chen left after two other VPs did the same just a few weeks before, VP of Finance and Worldwide Controller, Michael Zanoni, and Ricardo Reyes, Tesla’s VP of Global Communications.
But now we change the pace as we learn that Ardes Johnson, a long-time former GE sales executive and more recently SolarWorld’s Vice-President of Sales in the US, joined the automaker to lead the new sales team in its ‘Tesla Energy’ division. expand full story
sales Stories April 11, 2016
After a slow start in Germany for the past 3 years, Tesla is starting to make progress in this difficult market dominated by local manufacturers. Last year, Model S sales increased by 94% according to registration data, and although it still lags behind comparatively smaller countries like the Netherlands and Switzerland, things are looking up for Tesla in Germany. expand full story
sales Stories February 12, 2016
It’s rare for Tesla to disclose its sales per market, but it looks like they couldn’t resist the opportunity to highlight the Model S’ market performance in the U.S. during the earnings this week. The company confirmed 25,202 Model S sales in the U.S. in 2015, which gave the company a 25% market share, while every single other large luxury sedan has seen its sales decrease during the same period.
It gave me the idea to look into the midsize luxury segment in the US, which is the segment the upcoming Model 3 is expected to compete in, and see what it would look like if the vehicle was to do as well as the Model S did in the large luxury segment. expand full story
sales Stories February 3, 2016
Based on registration data, Tesla’s Model S sales were exactly flat in Norway last year versus 2014 – 4,039 units each year. The company’s overall sales in the country are likely to grow this year when it starts delivering the Model X later in the year, but in the meantime, it is interesting to see how Model S sales are doing in one of Tesla’s most important market and one of the rare market in which the company didn’t grow last year. expand full story
Just a week after the first Tesla Powerwall for residential use in Australia has reportedly been installed in a Sydney suburb, we learn the company is launching a recruitment drive in Melbourne and Sydney to increase its ‘Tesla Energy’ team in the country. expand full story
sales Stories February 2, 2016
Nissan released today its January sales report for the U.S. and revealed that LEAF sales are down 29.4% versus the same period last year. Until late in 2015, the company had the excuse of the upcoming 2016 models, which were affecting sales negatively as potential buyers were waiting for the upgrade, but the new cars arrived at dealerships and December was still a very disappointing month for Nissan’s all-electric vehicle. expand full story
It’s difficult to get accurate delivery numbers for Tesla in the US since the company doesn’t disclose sales by market, but in California, which is Tesla’s biggest market in the US by far, we can follow state rebates for clean vehicles in order to get a good idea of Tesla’s growth in the state. expand full story
sales Stories January 27, 2016
According to a new report from Nikkei, Tesla anticipates very little growth in mainland China in 2016. The news agency reports that during his current trip in Hong Kong, Tesla CEO Elon Musk revealed that the company aims to deliver 5,000 cars this year after falling short on its 2015 delivery goal of 10,000 units in China. expand full story
sales Stories January 19, 2016
France is among the many European markets that greatly helped Tesla grow its fleet in 2015. The automaker delivered a total of 50,580 cars globally last year, which represents an overall 60% increase over 2014, while the company’s deliveries grew 115% in France in 2015. expand full story
sales Stories January 14, 2016
Switzerland continues to be an impressive market for Tesla where the company delivers just as many cars as in Germany, even though it’s a much smaller market than its neighboring country. According to registration data, Tesla delivered 1,556 Model S’s in Switzerland last year and 193 units in December alone. expand full story
sales Stories January 8, 2016
Tesla has a presence in Sweden since late 2013, but sales in the country have been lagging until mid-2015. Based on registration data, Tesla delivered only 268 Model S’s in Sweden in 2014, but last year the automaker delivered 996 cars, which represents a 271% increase. expand full story
sales Stories January 7, 2016
In December, the Tesla Model S not only outsold every other electric car in Denmark, but every single car model regardless of if they are gas-guzzling or battery-powered.
Tesla delivered 1,249 Model S’s in December in Denmark, easily beating the second best-selling vehicle; the Peugeot 208 with 903 vehicles sold during the month. expand full story
sales Stories January 6, 2016
Nissan released its December and 2015 sales reports for the U.S. and LEAF sales are down 42.8% in 2015 versus 2014. Until December, the company had the excuse of the upcoming 2016 models, which were affecting sales negatively, but the new cars arrived at dealerships last month and December was still a very disappointing month for Nissan’s all-electric vehicle. expand full story
sales Stories December 8, 2015
sales Stories December 7, 2015
After some confusion over Tesla registering thousands of Model S’s in Denmark in anticipation of a surge of electric vehicle sales over the phasing out of tax breaks in the country starting in 2016, the company confirmed having ordered 2,500 license plates in order for Tesla buyers to be able to complete their purchases by the end of the year.
With 113 Model S’s registered in October, the data didn’t reflect any demand increase due to the end of the tax breaks for electric vehicles, but the government published November registration data today and it now shows a significant increase in Tesla Model S registrations. expand full story
sales Stories December 4, 2015
Based on registration data, Tesla delivered 225 Model S’s in Norway last month – up from 198 units in October and 202 in November 2014. The company recently ran in some troubles in Norway after Model S owners expressed concerns over the way Tesla is reporting the power output of the car, especially the Dual Motor version. Tesla is now in mediation with over 150 Model S owners in the country over these concerns.
sales Stories December 3, 2015
Dieselgate is starting to significantly impact Volkswagen’s sales in the US. The company published its November reports this week (see below) and the company suffered a 24.72% average decrease across all models.
The all-electric e-Golf is one of the rare model bringing the average up, but sales haven’t really increased since the scandal. They delivered 472 e-Golf units in November, up from 119 during the same period last, but it was the first month of availability in 2014. For a better comparison, VW delivered 596 e-Golfs in October. expand full story
sales Stories December 1, 2015
Nissan LEAF sales down 60% in the U.S. in November – 1,054 units
Today Nissan released its November US sales report, which reaffirmed decreasing LEAF sales, now down 60% over November 2014. The company delivered 1,054 LEAFs in the US in November versus 2,687 during the same period last year and 1,238 last month.
November brings the year-to-date total to 15,922 units, down from 27,098 during the same period in 2014.
According to the registration data coming in for November in European markets, Tesla delivered 157 Model S’s last month in the Netherlands – up from 145 units in October. The Netherlands continue to be an important market for Tesla. It is the second biggest European market for the company with Norway being the first.
Year-to-date, the company delivered 1,613 cars in the country, which represents a 44% increase versus the same period last year. expand full story
sales Stories November 25, 2015
In a new note issued this morning, Credit Suisse analyst Dan Galves reiterated an ‘outperform’ rating and $325 price target on Tesla Motors (NASDAQ: TSLA) . The analyst considers the fourth quarter guidance to be “achievable” and he sees a “reasonable path” to $4 EPS in 2016 – compared to the ~$2.30 annualized loss per share in the last quarter. expand full story
sales Stories November 13, 2015
Tesla rarely, if ever offer discounts at the purchase of its products, but with its ambitious goal to deliver between 17,000 and 19,000 vehicles globally in the last 3 months of the year, it seems the company resorted to offering a significant discount to new Chinese customers.
The company announced through a blog post on its Chinese website that from November 15 to December 31, it will offer up to 80,000 Yuan ($12,500 US) in discount at the purchase of a Model S under its “fuel vehicle replacement” program. expand full story
sales Stories November 5, 2015
Tesla delivered 145 Model S’s in the Netherlands in October – sales are up 49% year to date
The Netherlands continue to be an important market for Tesla. According to registration data, the company delivered 145 Model S’s last month, which represents a 437% increase versus the same period last year and brings the year-to-date growth to 49% or 12 more points than last month.
sales Stories November 3, 2015
Nissan LEAF sales are down 52% in the US as buyers are still waiting for 2016 models
Today Nissan released its October US sales report, which confirmed lagging LEAF sales, now down 52% over October 2014. Nissan delivered 1,238 LEAFs in the US in October versus 2,589 during the same period last year.
Tesla is set to release its third quarter 2015 financial results later today, but we are already looking at the fourth quarter as registration data are coming in from some European markets. Tesla will need an impressive fourth quarter to achieve its 2015 guidance and it might get it from what we are seeing so far.
The company expects to deliver between 50,000 and 55,000 vehicles in 2015 and with the current official year-to-date total of 33,157 units, Tesla needs to deliver a record-breaking ~17,000 units in the last 3 months of the year to achieve the low-end of its own guidance. It would represent a ~73% increase over the fourth quarter last year. expand full story
sales Stories October 29, 2015
After mostly flat sales during the first half of the year, Tesla experienced a 52% quarterly increased between the second quarter and the third ended in September by delivering 1,345 Model S units for a total of 3,025 so far in 2015. Tesla rarely discloses sales by segment, but CEO Elon Musk made an exception during a recent visit in China and later Tesla spokesperson Gary Tao confirmed the numbers. expand full story
sales Stories October 21, 2015
During a recent presentation at the University of Nevada, Reno, Tesla CTO JB Straubel mentioned that the company is now selling more cars in Europe than in North America. The company rarely reveals information about its sales by segment and it was the first official confirmation that European markets now outperform the U.S. in demand for Tesla’s Model S. expand full story
sales Stories October 14, 2015
Tesla has been the best-selling electric vehicle in Switzerland for over 2 years now, but recently it’s been doing so well that it is not only outselling all EVs, but also every gas-powered vehicles in its class.
Based on registration data, Tesla delivered 513 Model S’s in Switzerland during the third quarter 2015 (July to Sept.), a 450% increase over the same period last year. expand full story
BMW delivered 3,361 i3’s worldwide in September – 86% growth over last year
BMW issued its worldwide sales report yesterday and confirmed continued growth for its flagship electric car: the i3. The German automaker delivered 3,361 units in Septemeber, a 86% increase over last year.
sales Stories October 7, 2015
Last week Denmark’s new government announced that they plan on phasing out tax breaks for electric vehicles in the 2016 budget. The new provision would increase the price of all-electric cars significantly, but even more so for luxury vehicles like the Tesla Model S, which would see its price increase by ~180%.
It’s obviously bad news for electric cars in the mid- to long-term, but it could actually be a blessing in disguise for Tesla which needs to significantly increase sales in the short-term to achieve its 2015 delivery guidance. expand full story
sales Stories October 5, 2015
The Netherlands is an excellent market for electric cars, it’s not quite Norway, but when adding plug-in hybrids it’s getting close. As for all-electric vehicles, Tesla’s Model S is by far the best-selling in the country based on registration data.
Tesla confirmed last week that it delivered 11,580 vehicles worldwide from July through September and based on registration data, the Netherlands contributed to ~3.5% of the total with 409 Model S’s during the third quarter. expand full story
sales Stories October 2, 2015
Tesla Motors released its delivery results today for July through September 2015 and confirmed that the company delivered 11,580 cars during the quarter. For the first time, the number includes two different models in the same quarter: Model S and Model X.
Presumably, only the 6 Model X’s delivered during the launch earlier this week are accounted for in the third quarter results, meaning Tesla delivered ~11,574 Model S’s beating its previous record of 11,532 units achieved during Q2 2015. expand full story
SolarCity CEO Lyndon Rive and Chairman Elon Musk are officially announcing a new high-efficiency solar panel today at the Inside Energy conference. During an interview at the conference, Elon Musk was talking about his other venture, Tesla Motors, and he revealed that the recent launch of the Model X caused a big uptick in orders for Tesla’s other vehicle, the Model S. expand full story
BMW had a record month for electric car sales – up 67% in September
Yesterday BMW released its US sales report and confirmed 1,710 BMW i3’s delivered in September; a 67% increase over the 1,022 delivered last year and 116% increase over the 792 units sold in August. This is excellent news for the German automaker’s electric lineup especially since i3 sales were flat or even lagging for most of the year.
sales Stories October 1, 2015
Nissan LEAF sales down 56% again ahead of 2016 launch
Last month we reported that Nissan’s LEAF US sales were down 56% in August. Today the Japan-based automaker released its September US sales report and sales are still down 56% from September last year.
The company delivered 1,247 LEAFs last month versus 2,881 during the same period last year.
sales Stories September 24, 2015
Renault’s all-electric compact, the Zoe, is the best-selling EV in France and still growing. Based on registration data gathered in the past 2 years, sales are up 132%. From January to August 2014, the France-based automaker delivered 2,609 Zoe’s in its home turf, and during the same period in 2015, it delivered 6,059 cars which represents a ~132% increase year over year. expand full story
sales Stories September 23, 2015
Germany is in the spotlight of the automotive industry as the 2015 Frankfurt Motor Show is coming to an end. While we are sorting through vehicle registration data, we decided to take a look at the top-selling electric vehicles in Germany. Unsurprisingly, the BMW i3 is the best-selling all-electric vehicle in its home turf, but sales are down 27% year over year while Tesla’s Model S is gaining market shares by growing sales 84% based on registration data. expand full story