Germany sees steep decline in electric car sales after subsidy cuts
Have the Germans abandoned electric cars? After the withdrawal of state subsidies, demand has clearly decreased.
The German Federal Motor Transport Authority (KBA) has published data on new car sales in July 2024. The charts depicting electric vehicles are not encouraging.
Last month, our western neighbors registered 30,762 electric vehicles—a significant 37 percent drop compared to last year. This is the most significant decline since December 2023, when the German authorities announced the end of subsidies for the purchase of electric cars.
The share of electric vehicles in the German market has dropped to just 13 percent, down from 20 percent last year. Lower sales mean that German manufacturers are losing ground and are updating their previous strategies, which were mainly focused on electromobility.
Representatives of brands such as Porsche, Audi, and Volkswagen are increasingly talking about extending the life of combustion models and adjusting their offerings to meet customer demands. And they—as you can see—are not necessarily convinced about electromobility.
