Germany estimates that share of electric cars will fall to 28 %

The German auto industry estimates that the electric vehicle market will drop to 28 % this year, mainly due to the end of subsidies for the purchase of hybrid models

The market share of electric cars in Germany will probably fall to 28 % in 2023 due to the end of subsidies for the purchase of hybrid models, they pointed out from the car manufacturer sector to the Sunday newspaper “Welt am Sonntag”.

Hildegard Müller, president of the German Association of the Automotive Industry (VDA) foresees a decrease of three percentage points in relation to the figures for 2022, when the Government still granted bonuses to buyers of cars that have a combustion engine and another electric.

Müller explained that the number of new plug-in hybrid registrations will fall by around 30 percent, to 255,000 units. The VDA calculates, on the contrary, that sales of pure electric cars, which are still subsidized, will grow by 8 % compared to the previous year, reaching 510,000 cars.

The VDA chairwoman added that the reduction in state subsidies will have a “negative impact on the take-off of electromobility”.

“That is why it is even more important now to reinforce people’s confidence in electromobility in other ways,” Múller observed, adding that consumers need “the certainty of being able to charge anytime, anywhere without complications.”

She also stressed that it is necessary to quintuple the pace to set up charging points for electric and hybrid cars, in order to achieve the Government’s goal of offering one million charging points in 2030 throughout the country.

Source: dpa

(Reference image source: Michael Marais, Unsplash)

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