Germany's New Car Registrations Up, But EV Sales Slump as Incentives End
March 6, 2024
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