While primary markets, adding the United States and China, have reported expansion in EV sales 2024, the same cannot be said for Germany. In fact, sales of electric vehicles fell in the country last year, by 27. 4%, as significant subsidies were cut and the German economy struggled. According to one analyst, 2024 represented a “lost year for electro-mobility” in the country.
Germany is the largest and largest vital automotive market plate in Europe, however, the figures do not make it easy to read. In total, only 380,609 new electric cars (BEVs) were sold in the country last year, a sharp decline compared to figures for 2023 and a crisis that led to a percentage of EV market plate with only 13. 5%. For a country considered a bell tower for automotive trends in Europe, it’s a dark emotion.
The Rise of Hybrids Amid EV Slump
As EVs struggled, traditional hybrids enjoyed a much rosier year in Germany. Hybrid sales jumped 12.7%, with 947,398 examples. That represents a 33.6% share of all new cars sold. Sales of plug-in hybrids also grew during the calendar year, rising by 9.2% to 191,905 units. Despite this jump, they still have a relatively small 6.8% share of the market.
Fuel cars remain the maximum non -unusual motorcycle organization in Germany, which represents 35. 2% of all sales. Last year, 991,948 were sold, which represents a gain of 1. 4%. Diesel car sales slowed 0. 7%, with 483,261 sets, sufficient for a percentage of 17. 2%.
The main explanation as to why for the drop in electric car sales across the country was the government’s questionable resolution to decrease subsidies at the end of December 2023. Local buyers had already been presented up to €4,500 (~$4700) buying an EV, while brands would get €2250 (~$2,300). The local transport minister, Volker Wissing, sought to see the EV market on its two feet without the help of the government, however, things did not convey in this way, at least not in 2024.
Read: EVs 22% in Germany, Tesla blocks 55%, but hybrids earn 20% in November
However, all hope is not lost to the Germans who hope to receive help to obtain an EV. The country chooses a new leader on February 23 and Foreign Minister Olaf Scholz reported that a new program can be introduced in European Point. Several politicians have joined the choir, arguing that the automotive industry wants more assistance, especially since the EU advances with their plans to ban the sale of new combustion cars over the future of the years.
Winners and losers in the logo race
Amid agitation, the German car market market has noticed a combination of triumphs and tragedies among car manufacturers. In Smart News.
Meanwhile, Toyota saw an impressive 27% jump in sales, bolstered by its strong hybrid lineup, and Peugeot posted a massive 44% increase. On the flip side, luxury brands like Audi (-18.1%) and BMW (-0.1%) struggled to gain traction, while smaller players like Polestar (-49.4%) and BYD (-30.2%) got caught in the EV sales freefall.
Even small market players have largely experienced the contrasting effects. Lexus experienced a remarkable building through 75. 3%of sales, while Aston Martin (-46%) and Maserati (-48. 3%) were strongly divided. Surprisingly, some startups such as Lucid provided effects that attracted attention despite incredibly modest volumes, with 392 sets sold, a 296%building, indicating that there is still a niche audience in a position to invest in ultra electric cars, prize , even in a complicated market.