Market decline

Sales of new electric cars double despite overall market decline

The Society of the Irish Motor Industry has released official figures for 221 new vehicle registrations for February.

New car registrations for February were down 12.2% (12,031) from February 2021 (13,698), but electric car sales increased.

Overall car registrations since the start of the year are down 4.6% (37,058) compared to the same period last year (38,838).

Electric vehicles and hybrids and plug-in hybrids continue to grow their market share, with a combined market share now at 44%. Despite a sharp decline in the market share of internal combustion engine type vehicles, gasoline remains dominant 27.39%, diesel accounting for 25.92%, hybrid 24.23%, electric 11.66 % and the rechargeable electric hybrid 8.01%.

Light commercial vehicles (LCVs) are down 30.9% (2,292) from February last year (3,316) and year-to-date they are down 12.0% (7 341). Registrations of heavy goods vehicles (Poids Poids Lourds) are up by 7.56% (242) compared to February 2021 (225). Since the start of the year, heavy goods vehicles have risen slightly by 2.14% (574).

Used car imports for February (3,807) were down 33.9% from February 2021 (5,758). Since the beginning of the year, imports are down 37.6% (7,848) compared to 2021 (12,579). For the month of February, 1,620 new electric vehicles were registered compared to 805 in February 2021. So far this year, 4,320 new electric cars have been registered compared to 1,782 in the same period of 2021.

Commenting on the new vehicle registrations, SIMI Managing Director Brian Cooke said: “New car sales are down 12.2% from February last year and 4.6% since the start of the year, while they remain 21.9% below pre-COVID (2019) levels. Despite strong demand for new and used cars, supply continues to be a major issue, with any potential recovery unlikely to occur before the second half of 2022 at the earliest.

“Despite this challenge, the number of new electric cars continues to grow with registrations doubling for the month of February compared to the same month last year. There are now more than 50,000 electric vehicles (EVs and PHEVs combined ) on Irish roads, and it increases consumer interest in these vehicles.

“As highlighted in the recently published report on Reducing Carbon Emissions from Light Fleets, commissioned by SIMI, it is essential that our charging infrastructure keeps pace with this acceleration in the electrification of the Irish car fleet. , the government’s continued support in the charging network is essential if we are to convince more consumers that an electric vehicle is a viable car choice for their driving needs.