Germany Held Back EU Electric Car Market in First Half of 2024 — T&E Analysis

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Germany held back EU electric car market in first half of 2024 – T&E analysis

In the whole EU, the number of BEVs sold grew by just 1.3%, but excluding Germany, the increase was 9.4%.

The abrupt removal of purchase subsidies contributed to a 16.4% decrease in BEV sales in Germany in the first half of 2024. A stable and supportive regulatory environment is key to avoiding stagnation and locking in investment, T&E said. It called on German lawmakers to follow Belgium’s company car policy which sets attractive depreciation rates for electric cars and phases out depreciation for combustion engines.

In Italy, BEV sales increased by 7.0% in the first half of the year, with a sales peak in June 2024 when new EV incentives were launched;

 

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