Significantly fewer electric cars sold – economy

Significantly fewer electric cars sold – economy


The loss of purchase premiums for electric cars continues to have an impact on sales of battery-powered cars. Almost 27,500 cars with pure battery drive (BEV) were newly registered in February, as the Federal Motor Transport Authority (KBA) announced. That was more than 15 percent less than in the same month last year. The share of BEVs in all new registrations shrank by almost a full percentage point to 12.6 percent in February compared to the previous year.

“The market for electric cars has shifted into reverse,” said market expert Constantin Gall from the consulting firm EY. This development will continue. “Some manufacturers are currently offering high discounts for their electric cars in order to cushion the expiry of the environmental bonus,” Gall continued. “These actions should be limited in time.” If prices subsequently rise again, sales of electric cars will also continue to develop negatively.

The federal government’s purchase bonus was stopped at short notice and prematurely last year following the budget ruling of the Federal Constitutional Court. According to KBA, a total of 217,388 cars were newly registered in Germany last month. That was 5.4 percent more than in February 2023. “This continues the positive start to the year,” said the association Automotive industry with. Compared to pre-pandemic levels, sales are still lagging behind.



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