German EV Sales Plunge 69% In August As Slump Worsens

German EV Sales Plunge 69% In August As Slump Worsens

https://www.windtaskforce.org/profiles/blogs/german-ev-sales-plunge...


Registrations of electric cars drop 69 percent and overall sales by 28 percent, Tesla in particular, taking a beating.

  • Car sales in Germany dropped sharply in August versus the same month last year, with EVs suffering the worst, new data reveals.
  • EV registrations fell by 69 percent last month and total passenger vehicle sales dropped 28 percent.
  • Tesla’s sales slumped 66 percent in August, but Peugeot and Volvo gained ground.

VW executives this week rationalized plans to close two plants by telling angry workers that the car market was in a rut and demand was unlikely to return to pre-COVID levels.

And nowhere is that slump more apparent than in Germany itself, new figures show.

Data from the country’s Federal Motor Transport Authority (Kraftfahrt-Bundesamt – KBA) reveals that total passenger vehicle sales fell 28 percent in August compared to the same month last year.

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German brands all recorded big falls, including Mini (down 45 percent), Audi (-37 percent), BMW (-23 percent) and Mercedes (-16 percent).

And although VW held onto its position as the brand with the biggest market share (18 percent), its sales fell by 23 percent.

However, the picture of the EV market painted by KBA’s numbers is even gloomier.

Registrations of electric cars were up 12.7 percent across the Jan-Aug period, but that success was achieved at the beginning of 2024.

EV sales dropped by a massive 69 percent in August, having slid by 37 percent in July and 16 percent in June, in part due to cuts in EV subsidies.

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Tesla fared particularly badly, its registrations falling 66 percent this August compared with August 2023, and dropping 45 percent in the Jan-Aug period.

The American automaker’s Model Y SUV was Europe’s best-selling car of any power type last year, but has suffered a huge drop in demand and has no chance of repeating that achievement in 2024.

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While EV sales plummeted by more than two-thirds, in August, registrations of petrol cars only eased back by 7 percent, showing how customers are increasingly turning to the ICE power they know, trust, and can afford, rather than splashing out on more modern electric alternatives.

Hybrid sales were barely affected at all, dropping only 1.5 percent, though PHEVs fell 7 percent, and even the diesel sector (down 24 percent) didn’t suffer as badly as the EV one.

KBA’s most recent data drop wasn’t bad news for everybody in the German car market, however.

 Peugeot grew its sales by 17 percent in August and 36 percent in January-August, and Volvo’s registrations improved by 19 percent and 55 percent.

German market passenger car sales, gasoline, diesel, hybrid, EV

EV were 242,000 of 1,907,000, about 12.7%, a significant shortfall from government-mandated goals


Brand Sales Aug ’24 Change vs Aug ’23 Sales Jan-Aug ’24 Change vs Jan-Aug ’24
AIWAYS -100,0 27 -41.3
ALFA ROMEO 365 -24,7 4,526 7.6
ALPINE 18 -14,3 341 +20,1
Aston Martin 12 -67,6 229 -32,4
Audi 13,550 -36.6 137,150 -17,8
BENTLEY 9 -82,7 515 -15,6
BMW 16,140 -23,0 152,009 0.3
BYD 218 -89,3 1,650 -38,1
CADILLAC 6 -80,0 137 -42,9
CITROEN 2,981 -21,3 38.595 47.1
DACIA 4,502 -38,1 48,768 2.4
DS 192 -11,1 2,082 35.1
Ferrari 140 4.5 1.460 13.2
Fiat 4,057 -52,3 45,163 -13,3
FISKER 2 132
Ford 8.418 -28,0 68,548 -16,7
GWM 249 -88,7 1,894 -38,1
HONDA 595 -25,5 4,920 20.5
HYUNDAI 7,954 -31,5 66,623 -8.0
INEOS 42 -60,4 369 -24,8
JAGUAR 99 -59,1 1,607 -25,2
YEEP 708 -66,2 7,898 -11,6
KIA 5,450 -38.5 47,815 -7,2
LADA 7 -46,2 32 -75,4
LAMBORGHINI 86 1.2 906 27.6
LANCIA 1
LAND ROVER 771 -35,9 8,546 -9.8
Lexus 510 17.0 3,147 43.8
Lotus 37 37.0 231 11.1
LUCID 13 +44,4 86 53.6
LYNK & CO 2 -98,9 48 -97,7
MAN 105 -7,1 1.004 -36,1
MASERATI 31 -50,0 378 -54,7
MAXUS 3 -70,0 50 47.1
MAZDA 2,684 -30,6 29,744 -0.6
Mercedes 19,437 -15,5 169,299 -10,8
MG ROEWE 594 -75,8 16,027 13.7
Mini 2,619 -44,6 20,126 -34,9
MITSUBISHI 1,867 7.1 20,258 91.1
Morgan 12 140.0 51 24.4
NIO 35 -91,5 301 -62,6
NISSAN 1,989 -27,5 20,674 -1,1
Opel 12.142 -17,1 101,758 8.1
PEUGEOT 4.875 16.9 42,863 36.0
POLESTAR 188 -75,1 2.195 -55,8
PORSCHE 1.895 -18,0 25,851 9.4
RENAULT 3,672 -45,2 33.601 -23,0
Rolls Royce 17 -43,3 226 0.4
SEAT 10.597 -26,3 106,500 +20,9
SKODA 14,451 0.0 137.597 23.2
SMART 650 -77,9 9,670 -23,3
SSANGYONG 74 -82,7 1.320 -19,5
SUBARU 364 -33,0 2,981 -2.0
SUZUKI 2,232 -18,4 16,919 2.8
Tesla 2,370 -65,7 26,089 -44,7
TOYOTA 6,800 -12,3 60,058 13.7
VINFAST 23 59
VOLVO 3,934 18.8 41,275 55.3
VW 35,359 -23,3 365,965 4.6
XPENG 33 80
other 1,066 -33,3 8,080  
TOTAL 197,322 -27,8 1,907,226 -0,3
EVs 27,024 -68.8 241,911 12.7
Data: KBA.de

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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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