New Car Sales Show Strong Growth in January, Highlighting Continued Shift Towards Electric Vehicles

New car sales in January experienced a significant increase of 15% compared to the same month last year, totaling 31,470 registrations. While petrol cars remain the leading choice with a 32% market share, the sales of new all-electric cars continued to grow at an impressive rate, reaching 4,109 registrations compared to 3,674 in January 2023. Despite this growth, electric vehicles still hold a modest 13% share of the new car market.

The rise in electric vehicle sales reflects a growing trend of consumers opting for more sustainable and environmentally friendly transportation options. However, industry experts believe that the transition to electric vehicles still faces challenges as it moves into the mainstream market.

Brian Cooke of the Society of the Irish Motor Industry (SIMI) emphasizes the importance of government support in terms of incentives and charging infrastructure to ensure the continued success of the electric vehicle market. Such support will play a vital role in facilitating the next phase of the transition to electrification.

Hyundai’s Kona EV emerges as the best-selling electric car in Ireland, followed closely by the Volkswagen ID.4, the BYD Sea, the MG4, the VW ID.3, and the Skoda Enyaq. These models have gained popularity among consumers due to their impressive performance, range, and design.

In terms of overall brand performance, Toyota takes the lead with 5,457 registrations, followed by Hyundai with 3,796 and Volkswagen with 3,005. The Hyundai Tucson remains the best-selling car in January, accounting for 1,899 registrations.

While every county in Ireland recorded sales growth, Dublin experienced a slight decline in its share of the new car market, dropping from 37.7% last year to 35.8% this year. Dublin was the only county that did not witness double-digit sales growth, indicating potential shifts in consumer preferences across different regions.

In addition to new car sales, imported used cars also witnessed substantial growth, rising by 40.7% to reach 5,326 units in January. Volkswagen emerged as the most popular imported brand, with its Golf and Polo models leading the used import list. Petrol cars accounted for 47% of the used imports, followed by diesel at 25%, and hybrids (both regular and PHEVs) at 25%. Electric vehicles represented a smaller portion, with only 158 used EVs entering the market.

The commercial vehicle market, often seen as a reflection of economic activity, also experienced positive growth. Van sales increased by 35.5% compared to last year, with 7,500 registrations in January. Additionally, registrations of new heavy goods vehicles (HGVs) rose by 7.8%, with 458 new trucks hitting the roads.

Overall, the strong growth in new car sales, particularly in the electric vehicle sector, highlights the ongoing shift towards more sustainable forms of transportation. With continued government support and the development of necessary infrastructure, the future of the electric vehicle market in Ireland looks promising.

FAQ

1. What was the percentage increase in new car sales in January compared to the same month last year?
– New car sales in January experienced a significant increase of 15% compared to the same month last year.

2. What is the market share of petrol cars?
– Petrol cars remain the leading choice with a 32% market share.

3. What is the market share of electric vehicles in the new car market?
– Electric vehicles hold a modest 13% share of the new car market.

4. What are the challenges the electric vehicle market faces?
– The transition to electric vehicles still faces challenges as it moves into the mainstream market.

5. Which electric car model is the best-selling in Ireland?
– Hyundai’s Kona EV is the best-selling electric car in Ireland.

6. What brands have the highest number of registrations?
– Toyota takes the lead with 5,457 registrations, followed by Hyundai with 3,796 and Volkswagen with 3,005.

7. Which county in Ireland experienced a decline in its share of the new car market?
– Dublin experienced a slight decline in its share of the new car market, dropping from 37.7% last year to 35.8% this year.

8. How much did imported used car sales increase in January?
– Imported used cars witnessed substantial growth, rising by 40.7% to reach 5,326 units in January.

9. What fuel types are commonly found in imported used cars?
– Petrol cars accounted for 47% of the used imports, followed by diesel at 25%, and hybrids (both regular and PHEVs) at 25%. Electric vehicles represented a smaller portion.

10. What was the growth rate for van sales in January?
– Van sales increased by 35.5% compared to last year, with 7,500 registrations in January.

Definitions

– Electric vehicles: Vehicles that are powered by electricity rather than traditional internal combustion engines.
– Mainstream market: The wider consumer market beyond niche markets or early adopters.
– Registration: The process of officially recording or documenting the ownership and details of a vehicle for legal and administrative purposes.
– Market share: The proportion or percentage of total sales or market size that a particular product or brand holds.
– Infrastructure: The physical structures and systems needed to support the operation of electric vehicles, such as charging stations.
– Import: Bringing in goods or products from another country for sale or use domestically.
– Commercial vehicle market: The market for vehicles used for commercial purposes, such as vans and trucks.
– Heavy goods vehicles (HGVs): Large trucks or lorries used for transporting goods.

Suggested Related Links
Society of the Irish Motor Industry (SIMI)
Hyundai Ireland
Volkswagen Ireland
Toyota Ireland