Apr 23, 2024 Leave a message

Germany's Car Market Declines By 6.2% Year-on-Year in March, Electric Vehicle Sales Plunge By 22%

According to media reports, Germany's new passenger car registrations in March fell by 6.2% year-on-year to 217,388 units. However, for the first quarter of this year, the country's new car registrations still grew by 4.2% year-on-year to 694,785 units.

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Meanwhile, due to the expiration of tax incentives for pure electric vehicles at the end of 2023, Germany's electric car sales have faced challenges. Over the past 7 months, only one month saw a year-on-year growth in electric car sales in Germany.

In March, electric car registrations in Germany were 47,400 units, down 22% year-on-year, with a market share of 18%, compared to 21.6% in the same period last year. Among them, pure electric car (BEV) registrations were 31,384 units, down 29% year-on-year, with a market share shrinking from 15.7% in the same period last year to 11.9%; plug-in hybrid electric car (PHEV) registrations were 16,016 units, down 5% year-on-year.

Germany's Electric Car Brand Sales Ranking in March:

Mercedes-Benz: 6,844 units (3,123 BEV, 3,721 PHEV)

BMW: 5,124 units (3,238 BEV, 1,886 PHEV)

Volkswagen: 4,670 units (4,349 BEV, 321 PHEV)

Tesla: 3,878 BEV units

Audi: 3,476 units (1,984 BEV, 1,492 PHEV)

Volvo: 3,340 units (1,261 BEV, 2,079 PHEV)

SEAT: 2,560 units (1,243 BEV, 1,317 PHEV)

Opel: 2,188 units (1,442 BEV, 746 PHEV)

Hyundai: 1,885 units (1,619 BEV, 266 PHEV)

Kia: 1,564 units (1,072 BEV, 492 PHEV)

smart: 1,497 BEV units

Skoda: 1,288 units (1,205 BEV, 83 PHEV)

Ford: 1,279 units (475 BEV, 804 PHEV)

In the first quarter of this year, Germany's cumulative electric car registrations were 126,322 units, down 5% year-on-year, with a market share of approximately 18.2%. Among them, BEV cumulative sales were 81,337 units, down 14% year-on-year, with a market share of 11.7%; PHEV cumulative sales were 44,985 units, up 20% year-on-year, with a market share of 6.5%.

Germany's Electric Car Brand Sales Ranking in Q1 2024:

Mercedes-Benz: 18,556 units (7,720 BEV, 10,836 PHEV)

Tesla: 13,068 BEV units

BMW: 13,042 units (7,959 BEV, 5,083 PHEV)

Volkswagen: 9,762 units (8,637 BEV, 1,125 PHEV)

Audi: 9,634 units (5,861 BEV, 3,773 PHEV)

Volvo: 8,140 units (3,369 BEV, 4,771 PHEV)

SEAT: 6,029 units (2,414 BEV, 3,615 PHEV)

Hyundai: 4,682 units (3,777 BEV, 905 PHEV)

Opel: 4,597 units (2,444 BEV, 2,153 PHEV)

Skoda: 4,286 units (3,922 BEV, 364 PHEV)

Kia: 4,140 units (2,825 BEV, 1,315 PHEV)

smart: 3,882 BEV units

Ford: 3,736 units (759 BEV, 2,977 PHEV)

Porsche: 3,543 units (663 BEV, 2,880 PHEV)

Germany's Electric Car Model Sales Ranking in Q1 2024:

Tesla Model Y: 11,045 units, down 30% year-on-year

Volkswagen ID.4/ID.5: 4,226 units, down 38% year-on-year

Skoda Enyaq iV: 3,922 units, up 43% year-on-year

Audi Q4 e-tron: 3,428 units, down 5% year-on-year

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