14 mins read
The Society of the Irish Motor Industry (SIMI) has released its official new vehicle registration figures for 2023 in Ireland. They certainly make for interesting reading, with Growth being the key theme (except for Diesel!)
EVs continue gather pace despite the global mood music
Despite recent media reports predicting headwinds in the global electric vehicle (EV) space, Ireland has not received the memo and continues to experience exponential growth, with total EV registrations in the state increasing by an incredible 45% in 2023. This represents an additional 7,111 EVs registered compared to 2022 (22,789 vs. 15,678), and corresponds to an uptick in overall market share, growing from 14.9% in 2022 to 18.7% in 2023.
EVs were clearly the winning category for the year, with hybrid and plug-in hybrid electric registrations increasing only modestly in 2023, with market share moving from 26% overall in 2022 to 27% in 2023. The biggest decline was seen in the diesel category, where overall market share fell from 26.8% in 2022 to 22.2% in 2023.
This strong growth for EVs is indicative of Irish consumers and businesses alike embracing sustainability in increasing numbers, and the switch to EVs is certainly one of the quickest ways in which to make a positive impact on the environment in which we live and run our businesses. Equally, if the Irish government can meet its target of 80% of all electricity supplied from renewable sources by 2030, the case for EVs becomes even stronger.
Here are some of the key stats from the report.
