Saturday, 25 March, 2023

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Germany witnesses slump in E-Car sales

Sales of E-cars in Germany have hit a slump.

This was revealed by the Association of the Automotive Industry (VDA).

In January, 179,200 passenger cars were newly registered in Germany. 

This corresponds to a decline of 3 percent compared to the same month last year. 

The German passenger car market is therefore still well below the pre-corona level. 

In the past month, 33 percent fewer cars were newly registered than in January 2019.

“The change in subsidies for electric vehicles at the beginning of the year had a direct negative effect on new registrations in January. At 27,000 units, 32 percent fewer electric cars were newly registered in January than in the same month last year. Of these, 18,140 units were purely battery electric passenger cars (BEV), 8,850 units were plug-in hybrids (PHEV). E-cars thus achieved a share of just 15.1 percent of the overall market. In December last year, the electrical share was still 55.4 percent. While purely battery-electric passenger vehicles (BEV) fell by 13 percent in January compared to the same month last year, new registrations of plug-in hybrids (PHEV) fell by 53 percent compared to the same month last year.”


In January, German car manufacturers received 37 percent fewer domestic orders than in the same month of the previous year. 

In foreign business, German manufacturers recorded a 21 percent drop in orders compared to January 2022.

Overall, incoming orders in the past month were almost 23 percent below the figure for January 2022.