The latest data indicates a drop of 30 percent for new EV registrations in Germany, with the end of incentives likely a key factor
The latest registration data for the month of May 2024 shows the impact on the end of EV incentives. Peugeot and MG record strong growth in Germany , up by 70 percent and 50 percent, respectively. BMW registrations stumbled by 32 percent, Mercedes by 29 percent. Statistics released for May 2024 indicate that German electric vehicle sales have dropped by a significant 30.6 percent compared to the same month in 2023.
7 percent fewer registrations. Overall, Tesla suffered the steepest decline of any brand in May, with sales plummeting 64% year-over-year. Year-to-date, their performance remains equally weak, with a 41.4% decrease. While SUVs remained the dominant body style, recording the most new registrations with a share of 29.3 percent, that's a 5.5 percent decline from last year. The compact class managed to claw back a significant chunk of sales, with 29.1 percent growth and a market segment of 20.
BMW Electric Vehicles Featured Germany Hybrids Mercedes MG Opel Peugeot Porsche Reports Sales
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