PSA Group Pushes Electrification Forward: Sales Skyrocket
With some 43,000 plug-ins sold in the first half of 2020, PSA is some 10-times above its 2019 sales result.
The PSA Group (Peugeot, Citroën, DS, Opel/Vauxhall) noted a huge sales drop (by 45.7% year-over-year) during the first half of 2020, to 1.03 million globally. On the positive side, June shows strong signs of recovery.
According to PSA, plug-in car sales are expanding pretty quickly and the group is fully compliant with 2020 European CO2 emission objectives.
The all-electric car sales increased by more than six-times to roughly 24,500 and assuming that hybrids are “plug-in hybrids”, another 19,000 were PHEVs:
PSA Group all-electric car sales in H1 2020:
PSA Group hybrid car sales (we assume plug-in hybrids) in H1 2020:
The quick increase of plug-in car sales is a result of 13 new plug-in models on the market (some were on sale in H1 2020, others – available for order – are scheduled for the near future).
Plus the Citroën Ami for car sharing.
By 2021, 50% of the lineup will have a plug-in version, while by 2025 100% of the models should have at least a plug-in version.
The PSA Group announced the start of its New Energy Vehicles offensive in China. The first group of plug-ins include: Peugeot e-2008 (launched on May 20, 2020), Peugeot 4008 PHEV, Peugeot 508L PHEV and Citroën C5 Aircross Hybrid.
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