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Germany registers around 110,000 electrified vehicles in 2019

Germany registers around 110,000 electrified vehicles in 2019

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Germany registers around 110,000 electrified vehicles in 2019: Study

With Germany leading, the entire European market is at the forefront of global EV sales, while the US and China are falling back.

New Delhi: Around 110,000 electric and hybrid vehicles have been registered in Germany in 2019, reveals a study by Center of Automotive Management. This translates into a hike in market share for the electrified vehicles by 3 per cent.

Quoting the Federal Motor Transport Authority, the study reveals that three fully electric cars are leading the pack, which are Renault Zoe, BMW i3 and Tesla Model 3. These three electric cars have registered 8,651, 8,492 and 8,087 units respectively between January-November 2019.

Apart from Germany, sales of electric cars have increased in UK and France as well, while in the Netherlands, the number of EV sales has doubled, where the tax benefits for zero-emission vehicles will be reduced in 2020.

The study further reveals that Germany is leading the entire European continent to be at the forefront of global EV sales. On the other hand, China and the US are falling back.

Despite China being at the leading position in the global EV market for the last several years, in 2019, sales of the green vehicles in the country have dipped by 6 per cent.

According to the study, the e-mobility market in China has plummeted since the adjustment of electric car subsidies in the middle of the year. Since January 2019, around 1 million electric cars have been sold in the Chinese market, corresponding to a market share of 4.4 per cent.

On the other hand, in the US, sales of EVs have dropped by 5 per cent to 296,000 units till November 2019, corresponding to a market share of 1.9 per cent.

The study further claims that regulatory requirements and different subsidies are currently determining market developments. In Europe, without manufacturing electric cars, auto companies face severe fines by the European Union, while in China, that could lead to the sales ban.

It also forecasts that Germany and entire Europe will see a dynamic change in terms of EV sales and related regulations.

Source: auto.economictimes.indiatimes
Anand Gupta Editor - EQ Int'l Media Network

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