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Petrol model sales crash 42% in June!
High gas prices and a never ending wave of new models has allowed June to reach record EV market share, with plugins reaching a record 63%!
However, while record market share was achieved in the past thanks to strong EV sales, this time, the record achievement is thanks to a significant ICE (internal combustion engine) crash. The overall market dropped 23% year over year (YoY), to around 1.6 million sales. ICE-powered models were at the epicenter of this disruption, crashing 39% YoY, with pure petrol bearing the bulk of the sales drop (-42% YoY). Rather surprisingly, HEVs dropped by only 7%, less than plugin hybrids (PHEVs), which fell 27% in June, and extended range models (EREVs), which were down a staggering 32%.
This poor performance from EREVs is rather surprising. In theory, they are the closest an ICE model can get to being a BEV, and yet, they were the hybrid powertrain with the steepest fall. Maybe the powertrain’s theoretical advantages are less significant in real life?
