Electric cars on the upswing: Germany's space in the global market

Electric cars on the upswing: Germany's space in the global market

The development of electromobility and its global importance are topics that have increased more and more relevance in recent years. While progress in the traffic in Germany has stalled partially, a look at the global market shows an impressive increase in electric vehicles.

growth of electric cars worldwide

at the end of 2023 an inventory of around 42 million electric cars was determined worldwide, according to the Center for solar energy and hydrogen research (ZSW). This represents an increase of over 50 percent compared to the previous year. This number includes not only pure electric vehicles, but also plug-in hybrids and vehicles with range extenders. This technology often uses a small combustion engine to increase the range.

China as a pioneer in electromobility

china has established itself as the leading country in the area of electromobility, with a stock of 23.4 million electric cars, which corresponds to more than half of the global inventory. This dominance seems to remain unchallenged in the short to medium term due to an annual growth of 60 percent in 2023. The United States and Germany follow the second and third place with 4.8 million and 2.3 million vehicles.

challenges for Germany

In Germany, however, the situation is less pleasant. Electromobility urgently needs new impulses to achieve the ambitious goals of the federal government. Andreas Püttner from the ZSW said that the current funding measures for electrical company cars are only the first step. He suggests rethinking existing subsidies for conventional vehicles in order to create an incentive for switching to electromobility.

The influence of automobile manufacturers

In 2023, the leading manufacturers of electric vehicles worldwide were the Chinese BYD brand with over 3 million new registrations, followed by Tesla (1.8 million) and Volkswagen (1 million). Surprisingly, the two best -selling electric vehicles globally dominate the markets: the Tesla Model Y and Model 3, which has been sold a total of 2.3 million times worldwide. In comparison, the VW ID.4 only made it to seventh place among the best -selling electric vehicles.

need for affordable electric vehicles

Püttner emphasizes the importance of an attractive offer, especially in the lower and middle price segment in order to address broader groups of buyers. If German and European manufacturers do not follow suit, China could take the opportunity to continue dominating the European market.

conclusion

The development of electromobility remains a decisive topic for the future of the automotive industry. While China has taken an undisputed place in electromobility, Germany is faced with the challenge of revitalizing the market for electric vehicles. In order to effectively support the climate goals, innovative approaches and changes in the current funding structures are essential.

- Nag