Germany is projected to miss its electric car target by 2030

Slow growth of the German EV market

According to forecasts by management consultancy Deloitte, the German EV market is expected to grow much more slowly than the government had anticipated.

According to Deloitte's forecasts, only 11.2 million fully electric vehicles will be on German roads in 2030, 3.8 million fewer than the 15 million planned.

Germany's now-defunct coalition government has set a target of making Germany the leading market for electric vehicles by 2021.

It was planned to have at least 15 million fully electric cars, excluding hybrids, by 2030. However, China continues to dominate the global EV market.

Withdrawal of subsidies undermined plans

Due to budget constraints, the German government's unexpected decision to withdraw subsidies for electric cars in December 2023 has depressed sales.

"In order to boost the popularity of EVs, it is essential to ensure reliable conditions, because companies need to plan safely," said Harald Proff, head of Deloitte's automotive division.

The 11.2 million estimate is based on a model that accounts for variables such as electricity and petrol prices, car insurance rates, and purchase incentives.

On 1 October, nearly 1.6 million electric vehicles were registered in Germany, according to data from the country's Motor Transport Authority.

Public opinion in Germany remains mixed

"A Deloitte poll of 1,000 respondents found that 40% support the EU's planned phase-out of new internal combustion engine vehicles by 2035, while 36% are opposed. The remaining 24% are neutral on the issue.

"Deloitte consultants are optimistic about the global growth of electric vehicles. "Companies should invest more in battery research as this will reduce vehicle prices and increase the adoption of e-mobility," said Mr Proff, urging the automotive industry to innovate.

The survey was conducted at the end of October. According to Deloitte, 1,000 people over the age of 18 participated.

Based on ELTA reports