Electric vehicle sales in Germany have plummeted since the country winded down subsidies for EVs and hybrids at the end of 2022
Sales of electric vehicles in Germany have fallen after subsidies were reduced.
The main explanation is the end of Berlin’s subsidies for EVs and hybrids at the new year. Until December the subsidy had offered up to €9,000 split between consumer and producer for EVs with a net list price below €40,000. Hybrids in that price range received €6,750. Berlin has ditched the subsidy for hybrids entirely, and cut the payout to €4,500 for EVs below €40,000.
Some grid operators already are struggling to keep up with demand in certain areas and at certain times—California power authorities, for example, asked residents to avoid charging electric cars in the evening during a heat wave last September to help avoid overloading the grid, while utility officials in other areas have warned at times of possible rolling blackouts to prevent system collapses.
Combined, all these investments likely would result in higher electric rates, many industry analysts say.
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