newsGermany’s Manufacturing of Electric Cars Up 86%


19 May

Germany’s Manufacturing of Electric Cars Up 86%

Berlin – Germany produced 86 percent more pure electric vehicles last year than a year earlier and 268 percent more in 2019, the German Federal Statistical Office (Destatis) said Thursday.

The approximately 328,000 pure electric cars produced in 2021 in the country were worth 13.7 billion euros, the office said. “Electric mobility is booming, also thanks to the government’s financial incentive for the purchase of electric vehicles and the tax breaks granted.”

Volkswagen Group, the country’s largest carmaker, has seen global deliveries of its battery electric vehicles (BEVs) increase 97 percent to 263,000 units in 2021. “Battery and charging will become our core competency and revenue stream,” said chairman and CEO Herbert Diess.

A purchase incentive for electric vehicles of up to €9,000 was recently extended to the end of 2022 to support the government’s goal of at least 15 million fully electric cars on German roads by 2030, up from just over 600,000 at the start of the year.

According to consulting firm Ernst & Young (EY), sales of electric cars in the five largest Western European markets – Germany, Britain, France, Italy and Spain – grew by just 8 percent in April. In one year, the market share of electric cars and plug-in hybrids combined rose from 14.4 percent to 17.5 percent.

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