Weak EV Sales In Germany Put Carmakers Under Pressure [Barron's]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Barrons
Electric vehicle (EV) registrations rose 58.5 percent year-on-year in November, the KBA federal transport authority said, making up 22.2 percent of new cars sold. Advertisement - Scroll to Continue But the rise was largely down to comparison with a low base, with sales plunging last year following the withdrawal of government subsidies for EVs. "The strong growth in the EV market is only making up for the slump seen in 2024," EY analyst Constantin Gall said. "The hoped-for boom of e-mobility in Germany is still not in sight." Europe's carmakers desperately need rising EV sales, both to see a return on their investment into the technology as well as to comply with EU rules forcing them to ramp up EV production. Advertisement - Scroll to Continue But demand has not taken off as quickly as hoped, leading to calls for the EU to scrap a planned ban on combustion engine cars by 2035 and soften regulations that mandate fines for carmakers that sell too many polluting cars. G
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