In April 2024, Germany experienced an 8% surge in plug-in car sales, with new passenger car registrations reaching 243,102, a 20% increase year-over-year. The increase was primarily driven by the rebound in plug-in hybrids, as all-electric car sales remained flat. Despite the lack of EV incentives, the growth in plug-in car registrations is seen as a positive sign, especially considering the challenges faced in 2023 when registrations decreased by 16%.
What?
In April, plug-in electric car registrations saw an 8% year-over-year increase, totaling 44,803 units. However, the market share slightly decreased to 18.4% due to the overall market expanding at a faster rate. Battery-electric car registrations decreased slightly, while plug-in hybrid car registrations noted a significant 28% increase.
Why does it matter?
The data reveals that so far in 2024, new passenger plug-in electric car registrations amount to 171,125, a 1.5% decrease compared to the previous year. Major brands like Mercedes-Benz, Volkswagen, BMW, and Audi led the way in plug-in car registrations, with Tesla lagging behind in the German market. The Tesla Model Y continues to hold its position as Germany’s best-selling all-electric car model, despite facing competition from models like the Volkswagen ID.4/ID.5, Skoda Enyaq iV, and Audi Q4 e-tron.
How is it going to shape the future?
As the year progresses, it will be interesting to see if the growth in plug-in car sales continues and if rechargeable cars manage to capture a higher market share in the latter part of 2024. With top brands focusing on expanding their electric vehicle offerings and the market adapting to changing incentives and regulations, the future of plug-in car sales in Germany remains dynamic and full of potential.
Stay tuned for more insights and updates on the evolving landscape of plug-in car sales in Germany and beyond!
Source: https://insideevs.com/news/719822/plugin-car-sales-germany-april2024/