Germany's Transition to Electric Vehicles Slows as Private Adoption Stalls

New data reveals only 4% of private car buyers in Germany opted for electric vehicles in 2024, but rising interest and expanded model offerings may signal a rebound in 2025.

• A study by insurer HUK Coburg shows that only 4% of private car buyers in Germany switched to electric vehicles (EVs) in 2024, down from nearly 7% in 2022.
• The decline is attributed to the end of government subsidies in 2023, high vehicle costs, and limited model availability, particularly for private consumers.
• Survey data indicates that lack of personal experience with EVs contributes to skepticism, with 68% of respondents never having driven one.
• Manufacturers are expected to introduce more affordable electric models, such as compact cars, in 2025 to meet stricter EU CO₂ targets and boost sales.
• Experts predict a potential recovery in EV adoption, driven by growing interest and regulatory pressures, though private buyer uptake remains uncertain.

0 Articles