Germany has a strong environmental consciousness and a culture of sustainability. Many Germans are concerned about reducing carbon emissions and combating climate change. Electric vehicles are seen as a cleaner and greener alternative to conventional internal combustion engine vehicles, aligning with the country's environmental values. Germany is one of the leading markets for electric vehicles (EVs) in Europe. German automakers have made significant efforts to develop and produce electric vehicles. Companies like Volkswagen, BMW, and Mercedes-Benz have introduced electric models to the market and have ambitious plans for electrification. They have been investing heavily in research and development to advance electric vehicle technology. German automakers are known for their high-quality and performance-oriented vehicles. This reputation extends to their electric vehicle offerings. Electric vehicle culture in Germany appreciates EVs that combine sustainability with luxury, performance, and advanced features. German automakers have introduced electric models that offer high performance, long driving ranges, and luxurious interiors, catering to those seeking a premium EV experience. According to the research report "Germany Electric Vehicle Market Overview, 2027," published by Bonafide Research, the Germany electric vehicle market was valued at above USD 17.48 billion in 2021. Germany is known for its strong automotive industry, and both passenger cars and commercial vehicles have a significant presence in the country. There has been an increasing demand for electric passenger cars in the country. Companies like Tesla, Volkswagen, and BMW have been making significant strides in the electric vehicle market. In terms of commercial vehicles, Germany is home to renowned manufacturers such as Mercedes-Benz, MAN, and Volkswagen Commercial Vehicles. Commercial vehicles play a crucial role in logistics, transportation, and various industries. Demand for commercial vehicles can fluctuate based on economic conditions, infrastructure development, and business activities.
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Download SampleIn Germany, both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) have gained significant attention and market share in recent years. The country has seen an increase in the availability and popularity of BEVs, with a growing number of models from various manufacturers, including Tesla, Volkswagen, BMW, and others. The government has implemented supportive policies and incentives such as purchase subsidies, tax benefits, and charging infrastructure development to encourage the adoption of BEVs. BHEVs, on the other hand, are hybrid vehicles that combine an internal combustion engine with an electric motor and a battery. They can run on both electric power and conventional fuel, offering increased flexibility and range compared to BEVs. Germany has also seen the presence of various PHEV models from manufacturers like Volkswagen, BMW, Audi, and Mercedes-Benz. The German government has been actively promoting the adoption of EVs through various incentives and policies. The Environmental Bonus (Umweltbonus) is a purchase subsidy offered by the German government to incentivize the purchase of electric vehicles. It provides a financial incentive to both individuals and businesses who buy or lease eligible electric cars. The subsidy is split equally between the government and the automaker, reducing the purchase price of the EV for the buyer. The subsidy amount depends on the vehicle's electric range and net list price. Electric vehicles are exempt from the one-time vehicle registration tax and the annual circulation tax (Kfz-Steuer) for ten years. This exemption reduces the overall cost of ownership for electric vehicle owners. As part of Germany's efforts to combat climate change, the government introduced the Climate Protection Package, which includes measures to promote electric mobility. The package includes a higher bonus for electric vehicles with a net list price below a certain threshold, making EVs more affordable for a broader range of consumers. Electric vehicles have been gaining market share in Germany. According to the Federal Motor Transport Authority (KBA), electric vehicles account for a growing percentage of new car registrations. However, conventional combustion-engine vehicles still dominate the overall market. Germany aims to establish a domestic battery production industry to reduce reliance on imports and support the electric vehicle market. Several companies are investing in battery manufacturing facilities in the country, including Volkswagen and Northvolt. Germany has been actively working to integrate renewable energy sources, such as wind and solar power, into its electricity grid. This aligns with the goal of reducing greenhouse gas emissions from transportation and promoting the use of clean energy to charge EVs. Electric vehicles generally have a higher upfront cost compared to traditional internal combustion engines. While the prices of EVs have been decreasing over time, they can still be a barrier for some consumers, especially those with tighter budgets. Transitioning to electric mobility requires not only charging infrastructure but also adjustments to existing infrastructure, such as parking facilities and home charging solutions. These transitions take time, coordination, and investment, which can be a restraint in the EV market.
Considered in this report • Geography: Germany • Historic year: 2017 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Germany market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Passenger Vehicle • Commercial Vehicle
By population type • BEV • PHEV The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to organic food and beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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