BYD & Geely Shine In Q1 BEV Sales In Israel
The transition to electric mobility is well underway, as shown by rising market shares in several markets around the world. One of the markets that I like to follow closely is Israel. This is a market dominated by imports and therefore can give us an indication of how things will look like in the new battery-electric vehicle sales sector in the near future in other markets of a similar size.
Q1 sales figures for electric vehicles have been coming in from all corners of the world, and we are starting to see Tesla and BYD record impressive sales figures in several markets. In the UK, the Model Y was the top selling vehicle overall for March and it was also the fourth bestselling vehicle in Q1 across all drivetrains, selling 9,953 units. The BYD ATTO 3 has recently been launched in the UK, so we should expect to get a better look at its sales performance at the end of Q2.
In Q1, the BYD ATTO 3 topped the charts in Israel with 5,852 registrations, followed by several models from Geely that managed to register 3,102 units all in total. In third place was Hyundai with 1,752 registrations, followed by Tesla with 1,369. Mercedes-Benz rounded up the top 5 with 493 units. It’s interesting to note that of the brands in the top ten, five of them are Chinese. SERES, Skywell, and Aiways are the other Chinese brands in the top 5.
BYD is doing very well with essentially one model in the market, the ATTO 3. BYD also has more affordable BEVs such as the Dolphin, as well as the upcoming revamped e2 and the Seagull in China. It would be interesting to see how well these new models would do in the Israeli market if they were to be introduced there in the near future.
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