Car sales in Germany

Compared to December 2023, sales of new electric vehicles were down 54.9%, while sales of plug-in hybrids were down 19.6% in the first month of 2024. On the other hand, the markets for vehicles with internal combustion engines were up more than 9% — +9.1% for gas, +9.5% for diesel.

The rebound of ICE vehicles wasn’t enough to prop up the automotive market, which shrank by 11.7% as compared to December 2023…

The decline in sales started in December, prompting experts like Constantin Gall, the managing partner at EY for Western European markets, to suggest that there are underlying issues contributing to this downturn.



Proof that incentives distort the economy but if someone throws money at my investments I won’t protest!

The Captain