Germany EV Sales Report: Back to the Past

Main Points:

– Following a rush in December driven by subsidies, Germany’s plugin electric vehicle (PEV) market experienced a decline in January.
– PEV market share dropped to 22%, primarily due to a decrease in plugin hybrid (PHEV) sales.
– Pure electric vehicle (BEV) sales remained strong in January despite the overall market dip, suggesting a shift towards BEVs.

Author’s Take:

The surge in plugin vehicle sales fueled by subsidies in December led to a predictable decline in Germany’s PEV market in January, particularly impacting PHEV sales. However, the resilience of BEV sales indicates a growing preference for pure electric vehicles among consumers, reflecting a potential long-term shift in the market dynamics.

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