EVs and Hybrid Quadruple Market Share

September 2020

According to figures from the Federal Motor Transport Authority and the German Association of the Automotive Industry (VDA), the number of newly registered electric vehicles (EVs) and plug-in hybrids (PHEVs) in Germany grew by some 400 percent in August. 33,203 such cars were registered, accounting for a record 13.2% of the market.

All told in the first eight months of 2020, EV and PHEV registrations were up 151 percent.

Industry insiders attribute some of the boom to government subsidies, which were recently doubled and cover up to EUR 9000 for purchases of new EVs and 6750 for new PHEVs.

“After the state doubled its share of the ‘environmental bonus,’ we see electromobility gaining more and more acceptance with private customers,” said VDA President Hildegard Müller.

Some 22,784 car buyers applied for the subsidies in August.

 

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