{"id":51266,"date":"2023-12-13T14:49:40","date_gmt":"2023-12-13T14:49:40","guid":{"rendered":"https:\/\/myroadnews.com\/?p=51266"},"modified":"2023-12-13T14:49:40","modified_gmt":"2023-12-13T14:49:40","slug":"the-german-plug-in-car-market-shrunk-almost-40-in-november-2023","status":"publish","type":"post","link":"https:\/\/myroadnews.com\/car-reviews\/the-german-plug-in-car-market-shrunk-almost-40-in-november-2023\/","title":{"rendered":"The German Plug-In Car Market Shrunk Almost 40% In November 2023"},"content":{"rendered":"
In November, new passenger car registrations in Germany amounted to 245,701, which is 5.7% less than a year ago. Year-to-date registrations are still positive at 2,602,726 new cars (up 11.4%).<\/p>\n
Meanwhile, in the plug-in electric car segment, everything appears to be in the red after the government cut some BEV-related incentives (PHEVs have been on a downward trend for 11 months already).<\/p>\n
In November, the total new plug-in electric car registrations amounted to 63,066 (down 39% year-over-year), which is 25.7% of the total volume (compared to an amazing 39.4% a year ago).<\/p>\n
It seems that Germany will not be able to maintain its incentive-driven rechargeable sales rate from 2022. We saw a prelude to that in September.<\/p>\n
Battery electric car (BEV) registrations decreased by 22% year-over-year in November to 44,942, although their market share of 18.3% is not bad.<\/p>\n
Plug-in hybrid car (PHEV) registrations decreased (eleventh time in a row) by 59% year-over-year to 18,124, although it was the highest volume so far this year. Because of the December 2022’s rush to buy PHEVs, the true situation will be shown no earlier than 2024.<\/p>\n
Plug-in car registrations last month (YOY change):<\/p>\n