Garage Support 2 2021 ROI

Hot Topics – The rise of Hybrid and EV

New Car Registration

BEV 7%

■ Petrol and diesel declined (-31% and -30% respectively), whilst hybrid and electric both grew (17% and 17% respectively). ■ Diesel market share declined to 43% in 2020, from 47% in 2019, whilst petrol decline to 37% from 41% over the same period. ■ Pure electric accounts for around 5% share of new registrations in 2020 (3% in 2019), whilst hybrid accounts for around 15% (10% in 2019). ■ Manual is still the most popular transmission type, however there was a -33% decline in manual cars to 52.8k units in 2020, whilst automatic saw a smaller decline of -9% to 35.4k units.

Hybrid 31%

Petrol 50%

Diesel 12% New Car Registration January 2021

2019 VS 2020

Petrol

Diesel

Hybrid

BEV

-51%

+54%

-62%

+12%

Jan-21 Jan-21 29k 11k

Jan-20 Jan-21 4k 6k

91k Jan-20 Jan-21 45k

25k Jan-20 Jan-21 28k

Top 10 selling cars, include an electric model In 2020, the top selling passenger car by model was the Toyota Corolla. Whilst in December 2020, the Hyundai Tuscon was the top selling model. Similar to the UK, Tesla Model 3 is featured in the top 10, with 3rd position in December 2020. Incentives for electric vehicles ■ Sustainable Energy Authority of Ireland (SEAI) is offering grants of up to €5,000 for a BEV or a PHEV purchased and registered in Ireland. ■ In addition, these vehicles also qualify for Vehicle Registration Tax (VRT) relief of up to €5,000 for a BEV and €2,500 for a PHEV.

No. 3

■ Overall this is a maximum combined subsidy (grant + VRT relief) of €10,000 for BEVs and €7,500 for PHEVs. Grants are accessed via the dealer. ■ The scheme also provides a grant up to €600 towards the purchase and installation of a home charger unit.

Sources: SMMT Note: Hybrid includes HEV, PHEV, MHEV Diesel, MHEV Petrol

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