German car sales up but electric models lose ground - Business & Finance
BERLIN: Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government...
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BERLIN: Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government...
Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.
The end to the subsidy programmes has further taken the wind out of the electric car market, with sales of battery models down in recent months. The lack of state support "will lead to a decline in new electric vehicle registrations this year", EY analyst Constantin Gall said.
Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.The end to the subsidy programmes has further taken the wind out of the electric car market, with sales of battery models down in recent months.
The world's leading car manufacturers have recently increased their sales and profits significantly. In the third quarter of the year, sales of the 16 largest car companies rose by 11 percent to 504...