Germany's EV Share Cold Comfort Against 34% Shortfall In Overall Auto Market

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Germany, Europe's largest auto market, saw plugin electric vehicles take 25.5% share of the auto market in July.

The usual disclaimer: periodic volume variations sometimes reflect temporary regional allocation decisions, or production line batching, rather than significant demand changes. However, Germany is by far the region’s largest BEV market, so if a model widely available in Europe is performing poorly here , then it may be significant.Compared to the February-to-April period, Volkswagen Group retained the top rank in BEVs, with an impressive 65% volume growth.

Hyundai Motor Group stayed flat, in 4th. BMW climbed a spot from 6th to 5th , swapping places with Mercedes Group . Tesla dropped rank from 2nd to 7th, with a 70% drop in volume. Again, this was largely due to Shanghai production pauses in H1, and should be only a temporary set back.There are too many macro uncertainties to have a clear view of what will happen in Germany’s auto industry and consumer market over the coming months. The price of natural gas — so key to Germany’s overall industry and competitiveness — has, with potential losses of €10B this year, and has requested an urgent government bailout.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ELON MUSK -- KING OF AMERICA'S BILLIONAIRE TAX WHINERS Effective Tax Rate: 0.1%: Warren Buffett worth $111 billion 1.1%: Jeff Bezos worth $131 billion 1.8% Mike Bloomberg worth $82 billion 2.1%: Elon Musk worth $210 billion 13.5%: Registered Nurse

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

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

MG 4 EV priced from £25,995 with up to 281 miles of range | AutocarElectric family hatchback heavily undercuts the rival Volkswagen ID 3 and is well equipped
Source: autocar - 🏆 93. / 67 Read more »

2024 Jeep EV SUV Might Be Called Jeepster, Will Be the First All-Electric JeepJeep has promised that its first full-electric product will be a compact SUV that will be sold globally. Oh, and it might get a fun name. $375K Meh . Guess I might get a deal on a gas powered around that time. Such an original name
Source: MotorTrend - 🏆 230. / 63 Read more »

CHOICE Magazine Seeks to Help Buyers Navigate the EV ExperienceChoice magazine seeks to provide practical information and advice to drivers seeking to make the switch to electric.
Source: cleantechnica - 🏆 565. / 51 Read more »