German electric car sales plunge 28% for first full year
However, German citizens will go to the polls in February and the new government may offer some EV support go through Brad Anderson January 7, 2025 07:45 Electric vehicles lost market share in Germany last year and now account for 13.5% of new car sales. Despite the struggles of electric vehicles, hybrid car sales increased 12.7% and plug-in hybrid sales increased 9.2%. In December 2023, the German government eliminated incentives of up to 4,500 euros for electric car buyers. While major markets including the United States and China report growth in electric vehicle sales in 2024, this is not the case in Germany. In fact, electric car sales in the country fell sharply by 27.4% last year as important subsidies were cut and Germany's economy struggled. One analyst says 2024 is a "lost year for electric vehicles" for the country. Germany is Europe's largest and most important car market, but the data isn't easy to read. Last year, 380,609 new…
Stellantis sales plunge 16.9% in Europe, while Volkswagen Group surges
Hybrid cars currently account for 33.4% of all new cars sold in the EU go through Brad Anderson November 22, 2024 09:50 Stellantis sold 130,986 cars in the EU in October, down from 157,625 in October 2023. The automaker's woes have helped VW expand its market share in the European Union. Hybrid vehicles are now the most popular powertrain in the EU. Stellantis' woes continued to intensify, with EU new car registration data showing the company lost market share to rivals in October, with sales falling 16.9%. In October 2023, Stellantis held an 18.4% share of the EU new car market, with sales of 157,625 vehicles. However, by October 2024, its share slipped to 15.1% as sales dropped to 130,986 units. The main reason for the decline was the Citroën and Fiat brands, whose sales fell by 35.4% and 46.2% respectively. Lancia (-79.3%), Alfa Romeo (-19.3%), Jeep (-10.9%), DS (-7.1%) and Opel/Vauxhall (-2.1%) also recorded sales declines. Read: Stellantis delays…
Mercedes electric car sales plunge 31% in third quarter, profits in trouble
Mercedes delivers poor third-quarter results, with sales and revenue falling Mercedes' third-quarter results disappointed as sales at its automotive division fell slightly. Electric vehicle deliveries fell 31% year-on-year. In the third quarter, group revenue fell 6.7% and earnings per share fell 47.5%. Mercedes has long been a big supporter of electric vehicles, and their product lineup proves it. The company's products include the EQA, EQB, EQE, EQE SUV, EQS, EQS SUV, and even the recently launched electric G-Class. Depending on the market, you'll also find the EQT and EQV to complete the electric range. It's an impressive range of electric cars, but the numbers suggest Mercedes may have gone too far. That's a lot of electric cars, and they'll come back to haunt the luxury brand as EV sales fell 31% year over year in the third quarter. Customers snapped up only 42,544 units in the third quarter, a decrease of 19,077 units. More: Chinese buyers are ditching German cars…
European electric car sales plunge 44% as automakers scramble to capture the electric car market
European electric vehicle sales data for August 2024 is disappointing for both electric vehicles and the entire automotive industry The European Automobile Manufacturers Association (ACEA) said the European electric vehicle market is facing a "continued downward trend". In August, electric vehicle sales fell 43.9%, and the overall market fell 18.3% year-on-year. Automakers are seeking a smoother transition to zero-emission mobility amid sluggish demand for electric vehicles. The impact of slowing electric vehicle sales is being felt across Europe, prompting automakers to urgently call for a “short-term relaxation” of stringent CO2 emissions targets. In August 2024, EU battery electric vehicle (BEV) sales plunged 43.9% year-on-year, significantly dragging down overall market sales. According to sales data released by the European Automobile Manufacturers Association (ACEA), sales of pure electric vehicles in August 2024 were only 92,627, a sharp drop from 165,204 in the same period last year. This sharp decline has caused the market share of pure electric vehicles to shrink from 21%…
German car sales plunge in August as electric car sales decline deepens
Electric vehicle registrations fell 69%, with overall sales down 28%, especially for Tesla go through Chris Chilton 50 seconds ago The latest data shows that car sales in Germany fell sharply in August compared with the same period last year, with electric car sales falling the most. Electric vehicle registrations fell 69% last month, while total passenger car sales fell 28%. Tesla's sales plunged 66% in August, but Peugeot and Volvo's sales increased. public Executives this week defended plans to close two plants by telling angry workers that the auto market was in a slump.Demand is unlikely to return to pre-coronavirus levels. The downturn is most pronounced in Germany, new data show. Data from Germany's Federal Motor Transport Authority (Kraftfahrt-Bundesamt - KBA) showed that total passenger car sales fell 28% in August compared with the same period last year. Related: Subsidy cuts cause German electric car sales to plummet 37% German brands all saw sharp declines, including Mini (down 45%),…
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