Friday, April 19, 2024

Without government subsidies, Germans buy 55 percent fewer electric cars

Some indications are that electric cars have difficulty managing without government support. At least in Germany, where sales plummeted in January.

Right now it is difficult to sell electric cars. At least in Germany. Last year in December, the country's government removed a subsidy scheme for electric cars to patch a hole in the treasury.

And this can be seen in the sales figures already the following month. In January, 54.9 percent fewer new electric cars were sold in our large neighboring country.

In comparison, sales of plug-in hybrids 'only' fell by 19.6 percent. On the other hand, progress could be traced to fossil cars.

In January, Germans bought 9.1 percent more petrol cars than the month before. And the diesel cars actually did even better.

READ ALSO: Kicked driver who was lying down on the motorway – now the car is smoking

The Wall Street Journal writes that.

Here, the German car dealers could note an increase in sales of 9.5 percent. However, it was not enough to maintain the positive rates. Because overall, Germans bought 11.7 percent fewer cars compared to the last month of 2022.

– The weak economy, high financing costs and significant geopolitical tensions lead to both private individuals and companies holding back, says Constantin Gall, who works for the audit company EY, to the media.

Constantin Gall believes that he can foresee a 2024 which will generally be difficult for the automotive industry. However, it was not only the Germans who held on to the money in January. We also did that at home. Read more about it here .

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