In October, new passenger car registrations in Germany amounted to 218,959, which a five percent increase compared to a year ago. During the first ten months of 2023, 2,357,025 new cars were registered (up 13.5 percent year-over-year). Unfortunately, this positive trend does not include plug-in electric cars – mostly because of the ongoing collapse of plug-in hybrid car sales.
In October, the total new plug-in electric car registrations amounted to 53,695 (down 21 percent year-over-year), which is 24.5 percent of the total volume (compared to 32.5 percent a year ago). Let's recall that the market is now affected by the recent incentive cuts and it will take some time to recover. Battery electric car (BEV) registrations improved by over four percent year-over-year to 37,334 taking slightly over 17 percent of the market, which is a good sign after a nearly 29 percent drop in September. Plug-in hybrid car (PHEV) registrations decreased again (tenth time in a row), by 49 percent year-over-year to 16,361, indicating that customers prefer all-electric car
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