Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge
🇩🇪 Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge.
In August, new passenger car registrations in Germany increased by 37% year-over-year to 273,417, with a total of 1,913,564 new cars registered in the first eight months of 2023, up 16.5% year-over-year. Plug-in electric car sales had a particularly strong month, reaching the highest level of the year so far. Total new plug-in electric car registrations for August amounted to 101,201, a 78% year-over-year increase, making up 37.0% of the total volume compared to 28.5% a year ago. This surge was primarily driven by battery electric cars (BEVs), which saw a nearly 171% year-over-year increase to 86,649 registrations, accounting for about 31.7% of the total market, up from 16.1% the previous year. In contrast, plug-in hybrid car (PHEV) registrations decreased year-over-year for the eighth consecutive month due to the absence of generous incentives this year.
Public transport services in Germany came to a halt as strikes organized by the Verdi union over working hours swept across 14 states, including Berlin.