Europe’s Biggest Car Market to See First EV Slump Since 2016
- EV sales in Germany projected to decline 14% this year
- VDA lobby cites subsidy cuts for first drop in eight years
Electric cars in a storage tower at a Volkswagen production facility in Dresden, Germany.
Photographer: Sean Gallup/Getty ImagesThis article is for subscribers only.
German electric-vehicle sales are projected to drop for the first time in eight years as signs of a slump in the EV market are spreading.
The VDA lobby expects shipments of purely battery-powered cars to decline 14% to 451,000 units this year as subsidy cuts weigh on demand, it said Tuesday.