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New electric car sales drop in February as market slows

1,866 new EVs were registered last month
1,866 new EVs were registered last month

The number of new electric cars sold in February dropped over 15% when compared to the same month last year, new figures show.

1,866 new EVs were registered last month, according to the latest data from the Society of the Irish Motor Industry (SIMI).

So far this year, 5,968 EVs have been registered, up 1.4% on the same period last year.

"This slowing down in EV sales is not unique to Ireland and is reflective of other new car markets," said Brian Cooke, SIMI Director General.

"It is typical of the life cycle in the adaption of any new technology, where there is a gap between early adapters and the early majority consumers," he added.

Mr Cooke called on the motor industry and Government to keep working together to speed up the move to EVs.

"For the industry, this means the rolling out of more EV models," he said.

"For Government, it means extending incentives and investing in the national charging infrastructure."

The SIMI data shows that Volkswagen is the top selling EV brand so far in 2024, followed by Hyundai, BYD, Kia and MG.

The Hyundai Kona is the top selling EV model, followed by the Volkswagen ID.4, the MG4, the BYD Seal and the Volkwagen ID.3.

Overall, 16,455 new cars were registered last month, up 25% on February 2023.

Sales in January and February were up over 18% on the same two month period last year.

Petrol cars continue to lead the new car market, with a share of just under 33%.

Diesel is next at just under 24%, followed by hybrid petrol electric at 21.51%, electric at 12.46%, and plug-in electric hybrid at 7.76%.

Toyota is the overall top selling car brand so far this year, followed by Skoda, Hyundai, Volkwagen and Kia.

The Hyundai Tucson is the top selling model, followed by the Kia Sportage, the Skoda Octavia, the Toyota Rav 4 and the Toyota Yaris Cross.