EVs Take 18.4% Share In Germany — Market Still In Hangover

April saw plugin EVs take an 18.4% share in Germany, down YoY from 20.5% — still reeling after the abrupt cancellation of incentive schemes in late December. Overall auto volume wasunits, up by some 20% YoY, but still 20% below 2017–2019 seasonal norms . The bestselling BEV in April was the Volkswagen ID.4.the unexpected and abrupt cancellation of eco-bonus purchase incentives

BEV sales in Germany are also not helped by models being overpriced relative to where they should be , combined with the country being in an economic recession for the past two quarters. Items considered expensive tend to be avoided in a recession., which is positioned and priced asa relatively expensive choice.

The long term favorite, Tesla Model Y, was predictably down in April , as it habitually is at the start of a quarter. The price, from €43,990, is competitive, compared to e.g. €46,335 for the 77 kWh ID.4, which is 130 mm shorter in length than the Torres. The interior of the Torres also appears to be a bit more premium, and the VW has just a 3-year warranty. Let’s see how the Torres gets on, it is good value and deserves to do well.

Mercedes Group has climbed from fourth into second place, with a 14.6% share, gaining a 4.4% share since the prior period. Tesla is in third with 13.2% of the market, up by 3.3% share, up from 5th spot prior.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EVs Lose Share And Hybrids Gain As Europe’s Car Market Dips In MarchEU car registrations dropped by 5.2 percent in March versus the same month last year, but sales of BEVs fell 11.3 percent and sales of petrol and diesel cars were hit even harder
Source: Carscoop - 🏆 306. / 63 Read more »