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Hybrid cars already total almost 4,000 units so far this year

2021-09-16T11:54:08.101Z

It is a nascent market, but with a triple-digit growth rate. Toyota concentrates, with its own and controlled brands, almost 90% of sales



09/16/2021 8:32 AM

  • Clarín.com

  • Economy

Updated 09/16/2021 8:35 AM

Every month, along with the sales of zero kilometer cars, in Argentina

almost 500 hybrid or electric motorized cars

are being patented

, of which

nine out of ten

are from the Toyota automaker.

That is the conclusion that emerges from the report "The incursion of electric vehicles in Argentina" prepared by the

Association of Automotive Dealers

(ACARA), which shows an increase of 133% compared to the same period of the previous year (during almost three of those months of 2020, the dealerships were closed).

There it is noted that in the first eight months of this year

3,760

alternative motorization

units

were sold

, of which

99% are hybrid vehicles

 (with engines that combine electricity and combustion) and only the remaining 1% corresponds to units

that are plugged into an electrical outlet

.

"This year, the monthly average of sales already exceeds

470 units

, having reached an all-time high in August, when

589 units

were sold

," the report added.

"If we compare the monthly averages of the last three years, we see that 2021 is

2.6 times that of 2019 and almost 1.4 times that of 2020.

"

In proportion, it is still a small market: even with modest sales compared to periods such as 2017 or 2018, the Argentine market for conventional vehicles moves around 400,000 zero kilometer units per year.

Those of alternative propulsion, in that context,

represent little more than 1%.

The electric or hybrid vehicle market is encouraged by special legislation, which allows

the import tariff

to be lowered

by more than 30 percentage points

, which is 35% for vehicles imported outside of Mercosur.

Hybrid vehicles pay a

5%

tariff

, while electric-only vehicles pay

2%

.

In the case of those of Brazilian origin,

the tariff is zero

as for the rest of the vehicles of that origin. 

This reduction applies exclusively to brands that

have automotive factories located in the country

, while the rest of the brands

must pay the 35% tariff

.

The main beneficiary, according to the ACARA report, is

Toyota

: the Japanese automaker today concentrates

86.6%

of that market, with six models, to which must be added those of its controlled brand

Lexus

, with another

2%

.

It is followed by

Ford

vehicles

(two models), with

9.7%

of the market.

Another 10 brands share the

remaining

1.7%

.

In that market where Toyota has almost 90%, the best-selling models are of its brand: the podium is headed by the

Corolla

hybrid, with more than 1,700 units patented so far this year and with a market price on par with the most expensive version (SEG) of its gasoline model.

They are followed by the

Cross

version

of the Corolla, recently launched and already with 911 units patented in the country. The third place corresponds to the SUV Toyota

RAV4

(540 units) and only in fourth place is another brand: the hybrid version of the

Ford Kuga

, with 280 patented units so far from January to the end of August. 

Source: clarin

All business articles on 2021-09-16

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