Market Trends of Germany EV Charging Infrastructure Industry
Increase in the market share of EVs
- The demand for full-electric cars surged in Germany in the last few years. The electric vehicles share in Germany has grown to 14.6% of all newly registered automobiles, according to figures released by the country's motor vehicle authority.
- The new passenger car registrations increased about 13% Y-O-Y to 202,947 in April 2023. During the first four months of 2023, a total of 869,765 cars were registered. The electric car sales volume increased by 34% Y-O-Y to 29,740 new registrations.
- On the Contrary, plug-in hybrid car sales in Germany have decreased. In April 2023, only 11,787 units were registered (down 46 per cent year-over-year). Supply chain disruptions and cost inflation are largely responsible for the poor performance. On the other hand, in 2022, the German auto market saw plugin electric vehicles take a 24.3% share in April 2022, up from 22.1% YoY.
- According to an industry association, the major electric EV brands had registered strong growth, with Polestar's sales up 166%, Mercedes Benz by 8.3%, and Tesla's by 76% in 2022.
Understand The Key Trends Shaping This Market
Download PDF
Rising Government's Efforts to Build EV Charging Station Infrastructure
- The German Government is aiming to have around one million EV charging points in the country by 2030, up from the current 70,000. To achieve this number, the Government has made a "Master plan" that aims to transition the economy from fossil-fuel-driven cars to electric ones as user-friendly as possible by enabling electric vehicles to be charged more easily and faster. The estimated cost of the plan is around EUR 6.6 billion (USD 6.17 billion).
- This plan mainly focuses on reducing the existing gap between the charging infrastructure available and demand and, at the same time, creating the much-needed consumer confidence in reliable and sufficient charging infrastructure. Also, The plan foresees the availability of real estate where new charging stations can be built, especially alongside highways.
- The federal Government has decided on a target for medium-duty and heavy-duty trucks that by 2030, their electric mileage should account for more than 30% of total mileage. As of now, the development of a truck charging network needs to be improved. The Federal Government expects that there will be around 30,000 electric trucks in Europe by 2025 and 200,000 electric trucks by 2030.
- In June 2023, the Transport Ministry revealed that Germany is going to invest up to EUR 900 million (USD 983 million) in subsidies to expand electric vehicle charging stations for households and companies. Germany had around 1.2 million fully electric vehicles on its roads by the end of April 2023, well below its goal of 15 million by 2030, according to the data from the Federal Motor Authority.
