Tesla continues EU BEV climb

With full-year reporting still in progress, JATO Dynamics said the European new car market performed well in November, the fourth straight month of growth.

Registrations increased by 17% from 860,700 units in November 2021 to 1,010,900 units in November 2022.

However, year-to-date (YTD) registrations fell 6% to 10,167,700 units.

BEVs were the main growth driver, led by strong performances from Tesla, Volkswagen, BMW, Mercedes and Audi. Registrations rose 30% to 172,600 units, resulting in the highest monthly market share for these vehicles this year at 17.1%, the second highest since December 2021 at 18.9%.

Last month, Tesla posted a 93% increase in volume, while the U.S. manufacturer’s share of the BEV market rose to 18.9% from 12.3% in November 2021. This impressive performance stands out as Tesla typically sees a drop in registrations in the first month and second months of each quarter.

Felipe Munoz, Global Analyst at JATO Dynamics, said: “Despite the emergence of new competitors, November results show that Tesla’s growth is accelerating and cementing its leadership position in the European BEV market.”

Other OEMs saw their BEV share increase, including Geely (Volvo & Polestar) up 4.4 points, in line with BMW Group and SAIC (MG & Maxus) up 2.6 points. At the other end of the spectrum, the Renault group (Renault & Dacia) dropped 5.2 points, tied with Hyundai-Kia 5.1 points.

The Tesla Model Y again leads the overall model ranking with 19,169 units. This made the mid-size SUV the 22nd bestseller in the YTD ranking. Given Tesla’s strong results in December each year, it looked like the Model Y would continue to top the rankings in December, entering the top 20 by the end of 2022.

Among recent launches, the Volkswagen Taigo performed well with more than 6,000 units, closely followed by the Dacia Jogger with almost 5,700 units. The BMW i4 became the 13th best-selling BEV with 3,822 registered units. The Volvo C40 recorded its best result ever with 3,562 registered units. The new BMW 2 Series Active Tourer became the best-selling MPV in Europe with 3,095 registered units. The Volkswagen ID.5 registered 2,702 units and the Mazda CX-60 registered 2,508 units. The Renault Austral and Alfa Romeo Tonale followed with 2,075 units and 2,031 units respectively.

Results for December and full year 2022 are expected later this month.

The UK car market fell by 2% in 2022

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