Overview

• The German battery market shrank by 16% to €20.5 billion in 2024, largely due to a drop in lithium batteries for electric vehicles following the end of the 2023 subsidy.
• Domestic battery production fell 5%, with lithium cell output down 7%, while imports from Asia rose to account for over half of Germany’s supply.
• China supplied €8.9 billion in lithium batteries in 2024, highlighting Germany’s strategic reliance on Chinese imports for critical infrastructure.
• BloombergNEF projects global electric vehicle sales will increase by 25% in 2025 to nearly 22 million units, with China expected to capture almost two-thirds of the market.
• The ZVEI expects a market rebound in 2025 driven by rising demand for home storage solutions and industrial energy applications, supported by potential new incentives.