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Germany's EV Sales Plummet 27.4%, Hybrids Surge Amid Subsidy Cuts

1/9/2025

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Summary

Story summary

Germany's electric vehicle sales have taken a significant hit, plummeting 27.4% in 2023 to just 13.5% of new car sales, largely due to the withdrawal of subsidies. Meanwhile, hybrid vehicle sales surged by 12.7%. As the nation grapples with economic hurdles, a new government could revive EV support following the elections on February 23, 2024.

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Story summary

Germany's electric vehicle sales have taken a significant hit, plummeting 27.4% in 2023 to just 13.5% of new car sales, largely due to the withdrawal of subsidies. Meanwhile, hybrid vehicle sales surged by 12.7%. As the nation grapples with economic hurdles, a new government could revive EV support following the elections on February 23, 2024.