Dongfeng
With petrol prices going up, some car buyers suddenly go for EVs. Prices will fall again so a short term fossil fuel hike gets consumers in a tizz. If they did the maths, surely there isn't justification to do so costwise.
Passenger car EV registrations in New Zealand are up 114% YOY, compared to 12% for the total. EV market share has gone from 7.2% to 13.9%. I doubt that percentage will hold for the full year.
BYD leads the way with 784 sales, gradually pulling away from Tesla. Dongfeng has recently arrived and is already third.
It's interesting to note that Polestar, BMW, M-B, Lexus and Porsche have all taken substantial hits. Chinese brands are certainly making their mark.
With stock levels of EVs reduced with a buying splurge, stock levels will be affected. How long it takes for a Chinese car firm to get vehicles down here will determine if a dip in EV sales will result in April due to limited availability.
Data Source: NZTA.
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