German BEV sales, 2/24: It’s a tragedy

By a hair, Tesla could have been Germany’s largest BEV maker last month. Would they have squeezed only a paltry 500 units more into the German market, Tesla would have outsold Germany’s juggernaut, the entire Volkswagen Group in terms of BEVs. Which demonstrates the tragedy of charts and statistics.

The tragedy is that German’s formerly high-flying BEV market contracted by 15% in February, taking its market leaders with it into the abyss. Registrations of Tesla cars shrank 21.7% compared to February 2023. Sales of #1 Volkswagen Group withered by nearly 29%.

The reason?

Germany’s formerly generous BEV-subsidies were yanked by the country’s highest courts

Germans desert en-masse to hybrids and plug-in hybrids. In February, hybrids out-sold BEVs more than 2:1. Sales of plug-in hybrids increased by 22.3% yoy.

Thursday Morning Auto News, Mar 07, 2024: Renault promises half-price home electricity. NJ man caught trafficking Starlink terminals. Tesla Grünheide shut for another week. More.

[ There is more … ]

Wednesday Morning Auto News, Mar 06, 2024: Musk meets Trump. Tesla Grünheide stays shut. BYD makes cheapest EV cheaper. More.

[ There is more … ]

Tuesday Morning Auto News, Mar 05, 2024: Arson stops Tesla Grünheide. Bezos richer than Musk. Nio losses widen. More.

[ There is more … ]

Monday Morning Auto News, Mar 04, 2024: Tesla talking with Thailand. Tesla China shipments plunge. Nissan pays back suppliers. More.

[ There is more … ]

Friday Morning Auto News, Mar 01, 2024: Musk sues OpenAI. SEC charges Lordstown Motors. Musk hasn’t been to therapy. More.

[ There is more … ]

Thursday Morning Auto News, Feb 29, 2024: Greenest car is a Toyota hybrid. Toyota was right about hybrids all along. VW, XPeng ink deal. BYD brings bigger rebates. More.

[ There is more … ]

Wednesday Morning Auto News, Feb 28, 2024: Renault confirms EV talks with VW. Nissan plans robotaxi service. Apple car dead. Honda to sell plug-in hydrogen vehicle in NA, JP. More.

[ There is more … ]

This site automatically detects and reports abuse