Germany's Electric Car Sales Drop 22% in November

Despite a sharp decline in demand, industry experts predict a rebound in 2025 driven by regulatory changes and price adjustments.

Electric vehicle registrations in Germany fell by nearly 22% in November 2024 compared to the same month last year, accounting for just 14% of total new car sales.
The overall new car market in Germany remained stagnant in November, with 244,544 vehicles registered, similar to the previous year.
Automakers are under pressure to boost EV sales to meet stricter EU emissions targets, prompting price cuts and attractive financing offers.
Production of electric vehicles in Germany surged by 38% in October 2024, reaching a record high of over 143,000 units.
Industry projections suggest EV sales could reach 580,000 units in 2025, driven by new models, regulatory incentives, and potentially lower electricity costs for charging.