Monday, November 27, 2017

Cyprus Q1-Q3 2017

Image result for porsche panamera 2017 PHEV

Panamera Shines in Premium Cyprus


Cyprus registered 78 PEV's in the first three quarters of 2017, up 123% YoY, and double as much as the whole of 2016, so it's a market in rapid growth, with the PEV market share now at 0.8%, a new record and significantly higher than the 0.3% of last year.

The Nissan Leaf is the Best Seller by far, with 36 units, being the only mainstream brand to bet seriously in this market.

With four of the Top 6 being high end luxury cars, it is not surprising that the recently arrived Porsche Panamera PHEV is already Second Placed, displacing the BMW i3 to Third.

Is Cyprus addicted to Premium PEVs?

The answer is not so simple, as this is a market with CO2-based taxes, the larger the difference between the regular ICE-version CO2 emissions and its corresponding Plug-in version, the larger the incentive, so it is natural that would-be Porsche buyers feel more compelled to buy a plug-in than, let's say, a prospective Renault Zoe or Nissan Leaf buyer .


PlModelQ1-Q3 2017
1Nissan Leaf36
2
3
4
5
Porsche Panamera PHEV
BMW i3
Porsche Cayenne PHEV
Tesla Model S
12
7
5
4
5
7
8
8
10
10
10
BMW i8
Mitsubishi Outlander PHEV
Toyota Prius PHEV
Renault Zoe
VW e-Up!
Tesla Model X
Kia Niro PHEV
4
3
2
2
1
1
1

TOTAL78

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