German Electric Vehicle Sales Drop by 30.6% in May Compared to Previous Year

Declining Registration of New Electric Cars in Germany

Germany's new electric vehicle registrations are experiencing a significant downward trend. The Federal Motor Transport Authority (KBA) of Germany reported that only 29,708 electric vehicles were registered in May 2024. This figure represents a 30.6% decrease compared to the same period the previous year.

CO2 Emissions Increase as Green Transition Stalls

Furthermore, the CO2 emissions of new German cars increased by 3.3%, suggesting that the green transition is not only stalling but also reversing.

Gasoline and Diesel Cars See a Rise in Sales

According to KBA, 89,498 new passenger cars registered in May were equipped with a gasoline engine, marking a 2.1% increase compared to the same month the previous year. Diesel-powered new cars also saw an increase, with 44,893 units sold, a 3.2% rise compared to the same period last year.

Hybrid Cars Maintain a Significant Market Share

In May 2024, 71,451 new cars with a hybrid drive were registered, accounting for a 30.2% market share. This figure includes 14,038 plug-in hybrids. However, this is a slight decrease of 0.3% compared to the previous year.

CO2 Emissions on the Rise

The KBA also reported that the average CO2 emissions of new passenger car registrations increased by 3.3%, reaching 124.0 g/km. This development indicates a potential shift back to fossil fuels.

What's Your Take?

This report raises some thought-provoking questions about the future of electric vehicles and the green transition in Germany. What are your thoughts on this matter? Do you think this trend will continue, or is it just a temporary setback? Feel free to share this article with your friends and engage in a discussion. Don't forget to sign up for the Daily Briefing, which is delivered every day at 6pm.