Drastic slump: electric car registrations in Germany fall by almost 30 percent

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From Blackout-news

Germany’s ambitions to take a leading role in electromobility are experiencing a severe setback in the first quarter of this year. A significant slump in sales is emerging. In March, only 31,384 new electric vehicles were registered, a drastic decrease of 28.9 percent compared to the previous year. The slump in registrations contrasts with policy objectives and underscores the gap between a politically planned economy and actual market conditions. The challenge lies in whether political measures are effective enough to counter consumer preferences and market dynamics (FAZ: 06.04.24).

Electric car shock: Market share plunges to 11.9% – end of subsidies exposes Germany’s dilemma

A dramatic decline is characterizing the current registration figures for electric vehicles. Its market share has fallen to just 11.9 percent. This casts a glaring light on the mismatch between Germany’s political goals and the reality of the automotive market. It is clear that policy incentives and measures are inadequate.

They fail to create sustained demand for electric vehicles or change consumer preferences in the long term. The elimination of the electric bonus at the end of 2023 has revealed another problem. The sector’s dependence on government subsidies became apparent. This has further exacerbated the crisis of confidence in the electric car market.

Planned Economy vs. Market Dynamics: Germany’s Electric Car Industry Before the Storm

The discrepancy between policy objectives and market developments reveals the limits of a planned economy strategy in a rapidly changing market environment. The automotive industry, which has invested considerable sums in electromobility, is now facing great uncertainty. This is particularly evident in companies such as Volkswagen and Ford, whose production facilities have been converted to electric mobility and are now facing significant economic challenges due to declining demand.

Back to the combustion engine? Germany’s electromobility strategy at a crossroads

In light of current developments, the urgency of a market-oriented approach to policy strategy development becomes clear. Policies that do not take into account the real needs and preferences of consumers risk missing not only economic but also environmental objectives. The tendency of consumers to revert to traditional modes of propulsion shows that market mechanisms can ultimately overcome policy planning requirements if they are not in line with consumer interests.

The latest figures on the slump in sales in electromobility raise fundamental questions about the effectiveness of political control attempts.

2 thoughts on “Drastic slump: electric car registrations in Germany fall by almost 30 percent”

  1. Jacqui Murray – Laguna Hills, CA. – Jacqui Murray is the author of the popular prehistoric fiction saga, Man vs. Nature which explores seminal events in man’s evolution one trilogy at a time. She is also the author of the Rowe-Delamagente thrillers and Building a Midshipman, the story of her daughter’s journey from high school to United States Naval Academy. Her non-fiction includes over a hundred books on integrating tech into education, reviews as an Amazon Vine Voice, and a freelance journalist on tech ed topics. Look for her next prehistoric fiction, Savage Land.
    Jacqui Murray says:

    Good article.

    1. uwe.roland.gross – Don`t worry there is no significant man- made global warming. The global warming scare is not driven by science but driven by politics. Al Gore and the UN are dead wrong on climate fears. The IPCC process is a perversion of science.
      uwe.roland.gross says:

      Thanks

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