Overview

• Germany registered 43,060 battery-electric vehicles in May, up 44.9% from last year and capturing an 18% share of new car registrations.
• China’s BYD sold 1,860 EVs in May, surpassing Tesla’s 1,210 units and marking a decisive shift in market leadership.
• Mercedes’ electric G 580 EQ G-Class has underperformed with just 1,450 global sales through April, hindered by heavy weight and a non-dedicated EV platform.
• Overall new car registrations rose only 1.2% in May to 239,297 units, highlighting continued weakness in the broader auto market.
• Under measures effective July, businesses can deduct 75% of EV purchase costs in year one and apply tax benefits up to a €100,000 list price.