The French PEV passenger car market broke all the records in January, with all-electric models jumping 258%, to 10,952 units, while plug-in hybrids also surged (+238%), to 3,813 registrations, with both powertrains beating their own previous bests, and adding to a record 14,765 plugin registrations.
This brilliant start of the year, added to a falling overall market (-13% YoY), pulled the 2020 PEV share to an amazing 11% share (8.2% for BEVs alone), a far cry from the 2.7% of the same month last year, and with HEVs also jumping (9% share last month versus 5% in January '19), 20% of the overall market is already electrified, which is making pure ICE share to dive, and diesel in particular is now at 32%, a new decades low.
Has disruption hit the French market for good?
Looking at January Best Sellers, the Renault Zoe smashed its registrations record, with 5,331 units (#3 in the overall market!), being the main reason for BEVs to shine, but it wasn't the only one, as the #2 Peugeot 2018 EV landed with a bang, with 2,537 deliveries, with PSA disrupting the market, by placing 5(!) models in the Top 6.
Besides the runner-up spot of the 208 EV, Peugeot placed the 3008 PHEV crossover in #3, and the 508 PHEV midsize model in #6, while the luxury arm of the Group, DS, had its two models in #4 and #5.
Add the fire-sale of the nine-lives Citroen C-Zero (a record 414 units!) and the 161 registrations of the crossover Opel Grandland X PHEV, and we can say that PSA's electric deployment started with the right foot, and there's still the landing of the Opel Corsa EV and volume ramp up of the crossover Peugeot 2008 EV...
With the plugin market now starting to resemble the overall market, there was still time for other models to shine, like the #7 Kia Niro EV (429 units) and #10 Hyundai Kona EV (248) hitting record results, or the impressive landings of the Seat e-Mii EV (116 units) and Skoda Citigo EV (124), respectively the Spanish and Czech twins of the small VW e-Up!.
With PSA starting 2020 in full speed, Renault's 8 year(!) walk in the park could be nearing the end, and while the French brand still has a commanding 36% share, Peugeot now has 27%, and adding the remaing PSA brands (Citroen, DS, Opel) to the tally, we get 39% for PSA, which is exacly the same number, if we add Renault to Nissan and (the fallen to abyss) Mitsubishi.
And all of the sudden, the French EV market became one of the most interesting to follow...