In February, new passenger car registrations in Germany amounted to 217,388, up 5.4% year-over-year. During the first two months of the year, the number of registrations exceeded 430,000 (up almost 12%).
Unfortunately, the progress on the plug-in electric car front is mixed, as all-electric car sales were down slightly and only plug-in hybrids noted some growth.
German plug-in car market
Germany is Europe’s largest car market and plug-in electric cars are no exception. In 2023, almost 700,000 new plug-in cars were registered in Germany, including over 524,000 all-electric.
In February, the total new plug-in electric car registrations amounted to 42,054, down 5% year-over-year. The market share decreased to 19.3%, compared to 21.5% a year ago. Nonetheless, the situation is not that bad, considering that in previous periods, the segment was supported by generous incentives.
Battery-electric car registrations decreased by 15% year-over-year to 27,479, taking 12.6% of the market (compared to 15.7% a year ago and 14.1% two years ago).
Plug-in hybrid car sales continued to rebound for the second consecutive month. The number of new registrations amounted to 14,575 (up 22% year-over-year).
Plug-in car registrations last month (YOY change):
So far this year, new passenger plug-in electric car registrations amounted to roughly 79,000 (up 11%), which is about 18% of the total volume.
Plug-in car registrations year-to-date (YOY change):
For reference, in 2023, 699,943 new passenger plug-in electric cars were registered in Germany, which was close to 25% of the total volume.
One of the most spectacular findings is that Tesla achieved the highest number of plug-in car registrations in Germany last month, despite selling only all-electric cars. The company noted 6,038 units (down 22% year-over-year).
Mercedes-Benz was second best with 5,654 new plug-in registrations, but only 2,238 all-electric cars. BMW was third with 3,994 units (2,478 all-electric). Meanwhile, Volkswagen was third with 2,916 units (2,553 all-electric).
Plug-in car registrations by brands (at least 1,000) last month:
After the first two months of the year, Mercedes-Benz remains at the top for plug-ins, but there is no match for Tesla in the all-electric car segment. Tesla is the number one with 9,190 units sold, even though its volume decreased 23% year-over-year.
Plug-in car registrations by brands year-to-date (at least 2,000):
The Tesla Model Y remains the best-selling all-electric car model in Germany, with 7,801 new registrations year-to-date, far exceeding other EVs.
Next, we can see two MEB-based models from the Volkswagen Group: Skoda Enyaq iV (2,717 units) and the Audi Q4 e-tron (2,313). The Volkswagen ID.4/ID.5 (1,978) is noticeably behind, and its volume is almost 45% lower than a year ago at this point.
Top all-electric models year-to-date in 2024 (YOY change):
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