Germany's New Car Registrations Up, But EV Sales Slump as Incentives End

March 6, 2024
Germany's New Car Registrations Up, But EV Sales Slump as Incentives End
  • Germany's total new car registrations increased by 5.4% in February 2024 compared to the previous year.

  • Electric car registrations dropped to 12.6% market share, linked to the cessation of government purchase incentives.

  • New car CO2 emissions rose by 2.5%, complicating efforts to meet EU emission reduction targets.

  • Hybrid vehicles experienced a surge with a 17.6% increase in new registrations.

  • The decrease in electric vehicle sales may lead to substantial fines for manufacturers under EU CO2 regulations.

  • The shift in vehicle registrations raises concerns about the ability to achieve future environmental goals and the viability of combustion engine vehicles.

Summary based on 2 sources


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