Tuesday, June 18, 2024

German EV Sales Plummet 30.6% In May Compared To Year Earlier

  I have already written too much on the failure of the "green transition" in Germany so I won't add a long monologue here. Just to say that this was predictable. The Germans did put the EV cart in front of the transition bull and will soon find them selves in the very unenviable position of de-industrializing while having to choose between cheap Chinese EV and much higher inflation. They should have listened to the advise of Toyota's President and invested first into hybrids and cleaner ICE vehicles waiting a little longer for better electric technologies to emerge. Now the risk is that their automotive industry will be stuck between a rock (the law) and a hard place (Chinese competition) with nowhere to go. What's the real market for 100,000+ Euros cars and isn't that market already occupied by Tesla?   

Authored by P. Gosselin via NoTricksZone.com,

The figures for the registration of new electric cars in Germany are looking increasingly awful.

In May 2024, the Federal Motor Transport Authority (KBA) reported that it had registered only 29,708 vehicles with electric motors.

That is 30.6% down on the result for the same month last year.

CO2 emissions of new German cars also rose 3.3%…indicating the green transition has stalled and is reversing.

Hat-tip: Blackout News

The KBA also adds that 89,498 passenger cars were equipped with a gasoline engine – an increase of 2.1 percent compared to the same month last year.

44,893 new cars were diesel-powered, an increase of 3.2 percent compared to the same month last year.

71,451 new cars had a hybrid drive in May 2024, accounting for a share of 30.2% (-0.3%), including 14,038 plug-in hybrids (+1.7%/5.9%).

According to the KBA, the average CO2 emissions of new passenger car registrations rose by +3.3% and amounted to 124.0 g/km.

Back to fossil fuels!

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