Saturday, April 13, 2024

Sales of electric cars continue to plummet in Germany

In Europe's absolute largest car market, electric cars continue to bleed after the German government immediately scrapped support for new electric cars back in December last year.

Sales of electric cars are booming in Germany. After the country's government immediately removed all support for new electric cars to patch up gaps in the public economy, sales of this type of car fell rapidly.

At the end of January, sales had fallen by 55 percent compared to the previous month alone. And the Germans carried that trend into February, when sales fell by 15.4 percent.

And it doesn't look any better when you project to 2024. In fact, The German Association of Motor Vehicle Manufacturers expects that Germans overall will buy 14 percent fewer electric cars compared to 2023.

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READ ALSO: Nissan removes a number of functions in Danish electric cars

Conversely, the association of German car brands expects the production of electric cars in Germany to increase by 19 percent this year. Two numbers that don't go well together.

The car brands in Germany are also not expected to be able to sell more than 451,000 new electric cars to the country's motorists. This figure must be seen in relation to the 524,000 new electric cars that received German number plates last year.

At the Volkswagen group, one had to note a total drop in sales of a whopping 29 percent. The group now 'only' has 23.9 percent of the market.

But the former high jumper Tesla has to settle for 22 percent of the market. This is, among other things, because after the tax rebate was scrapped, the Germans now buy more than twice as many hybrid cars as pure electric cars.

READ ALSO: Danish ban causes demand to increase by 700 percent

At home, sales of new cars have generally declined. At least when compared to February 2023.

New figures from De Danske Bilimportorer reveal that 3.2 percent fewer cars or 372 cars were registered here in February compared to January.

Nevertheless, the car importers believe that this is a sign of progress and that car sales are picking up again after a stagnant January.

Read more news from and about the automotive industry here.


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