Crisis of the German Auto industry: E-car sales collapse!

The German auto industry is facing a serious crisis that is now also putting on the trade. Sales in the electric car sector has deteriorated dramatically. According to the analysis of the Federal Statistical Office in Wiesbaden, the proceeds from the automotive retailer decreased by 1.3 percent compared to the same period from January to September 2024. The vehicle workshops, on the other hand, recorded an increase in sales of 2.5 percent in the same period. These opposite trends could be related to the increasing reluctance of consumers when buying new and used cars, the Krone .

state purchase bonuses run out of

Another factor that contributes to the stagnant development of this market is the expiry of the state purchase premium for electric cars in December 2023. This means that the new registrations of electric cars from January to October 2024 collapsed by over 26 percent-from 425,000 to 312,000 electric cars. Its share of the total new registrations fell from 18 percent to only 13.3 percent. Contrary to this decline, Germany remains an important automotive country: Around 78 percent of households have at least one car, as mentioned in the Statistics from Destatis.

In addition, the general trend on the automotive market remains negative, since between January and October 2024 the total number of new car registrations in Germany decreased by 0.4 percent to 2.35 million. This result shows that buyers in Germany are becoming increasingly reserved, which is reflected in the sales figures.