Electric car registrations almost double in first two months
EV still only account for less than one per cent of all new cars registered in Cavan.
The number of electric cars registered in Cavan in the first two months of this year almost doubled by comparison to last year’s figure.
According to new figures released by the Society of the Irish Motor Industry (SIMI) today, 45 electric cars were bought and registered in the county in January and February.
This is compared to 24 in 2022.
However, the number still only accounts for less than one per cent of all new cars registered in Cavan in January-February.
There were 488 new cars registered in Cavan in January and February, up close to 10 per cent on last year (447).
New car registrations for the month of February were up 9.9% (13,161) nationally when compared to February 2022 (11,971). Registrations year to date are up 9.4% (40,476) on the same period last year (36,985).
For the month of February 2,219 new electric vehicles were registered compared to 1,614 in February 2022 (+37.5%). So far this year 5,893 new electric cars have been registered in comparison to 4,311 on the same period 2022.
Electric Vehicle and Plug-in Hybrids and Hybrids continue to increase their market share, with a combined market share now of 41%. Internal combustion engine type vehicles remain dominant with petrol accounting for 32.48%, Diesel 23.32%, Hybrid 19.16%, Electric 14.56% and Plug-in Electric Hybrid 7.59%.
Imported Used Cars seen a 4.9% (3,990) increase in February 2023, when compared to February 2022 (3,805). Year to date imports are marginally down 0.9% (7,776) on 2022 (7,846).
Brian Cooke, SIMI Director General commented: “Drilling into the EV sales patterns, it is important to highlight private customers, who still benefit from the SEAI Grant, account for 75% of EV sales so far this year, with these sales increasing by over 40% when compared to last year. On the other hand, sales of new EVs to companies, which don’t benefit from the grant support, and which now attract a higher level of BIK since January, are slightly down on last year. This underlines the importance of the grant and it is vital that we that we don’t interrupt consumer momentum by continuing this support at current levels beyond June”.