For the Electric drive Things are currently looking bleak on German roads: As the Federal Motor Transport Authority (KBA) announced on Thursday, new electric registrations fell by almost 29 percent in March and only accounted for 11.9 percent of new registrations. A year ago the market share was 18.3 percent.
Last year, the federal government initially introduced the purchase bonus for commercial properties Electric cars canceled and surprisingly in the fall also the private one. Since then, demand has fallen significantly.
“The demand for electric cars is currently very weak – despite the high discounts that many manufacturers have given to compensate for the loss of the environmental bonus,” commented EY expert Constantin Gall on the figures. The political decision to phase out the funding last year “has led to considerable uncertainty in the market”.
A total of 263,844 new cars were registered last month, 6.2 percent fewer than a year ago. However, the same month last year also had more working days. As the management consultancy EY announced, the market was still 24 percent below the pre-crisis level of 2019.
Gasoline engines continued to account for the largest share of new registrations in March, accounting for 37.8 percent – but that was also a decline of 3.4 percent. This was followed by hybrid vehicles with a share of 31.5 percent and diesel cars with 18.3 percent. Passenger cars that run on liquid gas or natural gas came to 0.5 percent.