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Registrations of electric cars continue to decline in March
The German market for electric cars remains under pressure following the abrupt termination of subsidies for electric vehicles for private owners at the end of 2023. In the first quarter, new registrations of battery-electric models and plug-in hybrids fell by 5% to a volume of 126,300 units. Despite already weak levels from the previous year, new registrations of electrified vehicles in March dropped by 22% to a volume of 47,410 units, with the electric car market particularly hit hard, declining by 29% to 31,380 units.
E-Cars: Decrease of 14% in the First Quarter
A similar picture emerges for the entire quarter. E-cars sold 81,300 units, 14% less than in the same period last year. The overall decline for electrified vehicles was only 5% because new registrations of plug-in hybrids, despite the March decline, increased by 20% for the whole quarter (45,000).
Germany's Automotive Industry Is Faltering
The weakness of the electric car market is all the more conspicuous because vehicle registrations in Germany increased by 4% to 694,800 in the first quarter of 2024 compared to the same period last year. This increase was primarily driven by foreign brands (+9% to 226,300 units), while domestic producers largely stagnated (+2%, 468,400). Overall, Germany's automotive sector is currently showing weaknesses, as both production (-9%, 1,044,100) and exports (-5%, 790,700) decreased on a quarterly basis.
What Does This Mean?
The development in the German electric car market does not bode well for the coming months. Since the manufacturers' programs, which they used to compensate for the discontinued electric car subsidies for a few weeks and months, are now gradually phasing out, an even greater decline than in the first quarter is to be expected. This way, the mobility transition in Germany is unlikely to succeed.
Translated automatically from German.
Branchenguide
Elektromobilität , Newsletter Elektromobilität , IAA Mobility , SUVs und Geländewagen , Hybrid , Antriebsarten, Kraftstoffe und Emissionen , Oberklasse- und Sportwagen , Carsharing , Autonomes Fahren (Straßenverkehr) , Ladeinfrastruktur , Verkehrspolitik , Formel E , Brennstoffzellen , Fahrzeug-Vernetzung und -Kommunikation , Fahrzeuge & Fuhrpark , Automotive-Messen & Veranstaltungen , Pkw, Kompakt- und Mittelklasse , Minis und Kleinwagen , E-Auto-Datenbank, E-Mobilität-/Automotive-Newsletter, E-Auto-Tests
