There is an interesting trend in Germany: sales of electric cars are falling dramatically, but their production is growing rapidly. According to the Association of the Automotive Industry (VDA), the situation is paradoxical.
In November 2024, only 35,167 electric cars were sold in the country - this is 21.8% less than the same period last year. The share of electric cars on the market is 14.4%, which shows a noticeable decline in consumer interest.
At the same time, electric vehicle production reached 109,400 units in October, up 54% from October 2023. This growth is mainly explained by the orientation towards exports, as domestic demand has visibly decreased.
Tesla and Chinese manufacturers are particularly affected. Tesla's sales are down 55%, while Great Wall and NIO are down more than 40%. This situation indicates significant changes in the market for electric vehicles not only in Germany, but also in the entire EU.
Experts believe that the decline is caused by the reduction of government subsidies for the purchase of electric cars. It is expected that the restoration of government support and the launch of new models could revive the market next year.