The number of newly registered electric cars significantly decreases.
In recent news, the Federal Motor Transport Authority (KBA) in Flensburg shared that electric car registrations decreased dramatically in May compared to the year prior, down 30.6% to a total of 29,708 registrations. Meanwhile, sales of gasoline and diesel cars slightly increased, although their numbers also declined. As a result, the overall number of new car registrations saw a decrease.
In May, a total of 236,425 passenger cars were registered, which is a 4.3% decrease from the previous month. Most of the cars registered were gasoline-powered (37.9%). Following closely, cars with hybrid drives took the second spot (30.2%), and diesel-powered cars were in third place (19.0%). The share of electric cars dropped to a mere 12.6%, down from 17.3% the previous May.
The registrations of gasoline cars witnessed a slight increase of 2.1%, while diesel car registrations jumped by 3.2%. Meanwhile, the number of hybrid cars remained relatively stable. "The uncertainty about the rapid growth of electromobility continues," mentioned the automotive expert at EY, Constantin Gall. He noted that the discussion of the EU's potential ban on combustion engines by 2035 is deterring the sales of electric cars.
Gall further commented that the whole car market in May was "significantly weaker" compared to previous months, and this trend isn’t isolated to Germany. Italy, for instance, experienced a 7% decline in registrations. "The economy is weakening, individuals and companies are hesitant to make big purchases, and new car prices are still relatively high," Gall explained.
