Electric vehicle sales in Germany fell dramatically in August, falling by nearly %70.

There has been a shocking development in the electric vehicle market in Germany. According to August 2024 data, electric vehicle sales have almost hit rock bottom. A drop of exactly 68.8% was recorded. According to data released by Germany’s Federal Motor Vehicle Administration (KBA) , a total of 197,322 new passenger vehicles were registered, while sales overall decreased by 27.8% . The removal of state incentives is seen as the biggest culprit for this dramatic drop. Here are the details…

Sales hit by subsidy removal: Electric vehicle sales in Germany fall 68.8% in August

The main reason behind the big drop is said to be the gradual removal of electric vehicle incentives. Various government incentives for electric vehicles in Germany have been an important factor supporting sales for many years. However, with the end of these incentives, consumer interest in electric vehicles has rapidly decreased. As of August, only 27,000 fully electric vehicles have been sold.

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Sales of German automotive giants also affected

This decline did not only affect electric vehicles. Major German car manufacturers such as Volkswagen, Mercedes , BMW and Audi also experienced serious declines in sales. Market share and sales decline rates by brand are as follows:

Volkswagen : 18% market share , 23% decrease in sales.
Mercedes : 9.9% market share , 15.5% decrease in sales.
BMW : 8.2% market share , 23% decrease in sales.
Audi : 6.9% market share , 36.6% decrease in sales.

These declines reflect the general stagnation in the electric vehicle market, while sales of gasoline vehicles saw a milder decline. Sales of gasoline vehicles fell by 7%, while hybrids remained almost stable, falling by only 1.5%. Diesel vehicles fell by 24%.

What do the experts say?

This rapid decline in electric vehicles in Germany has also sparked discussions among experts. Analyst Constantin Gall says that electric vehicles are taking a “step back” in Germany and that it is difficult to improve the situation in the near future. He says that this situation once again shows how important a factor state incentives are in electric vehicle sales.

So what do you think? Is the decline in demand for electric vehicles a permanent trend or a temporary situation? You can share your views in the comments section below.