The "Germany Electric Vehicle and Charging Infrastructure Market Databook 75+ KPIs Covering EV Market Size by Value and Volume, Vehicle Type, Price Point, Propulsion Type, Component, Location Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The electric vehicle market in the country is expected to grow by 28.9% on an annual basis to reach US$44.6 billion in 2024. The medium to long term growth story of the electric vehicle market in Germany remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 24.2% during 2024-2028. The electric vehicle market in Germany will increase from US$34.6 billion in 2023 to reach US$106.1 billion 2028.
The electric vehicle industry is expected to record steady growth in Germany. However, a slowdown in EV sales is expected to occur, due to the government ending the subsidy program. In mid-December 2023, the government abruptly ended the consumer support scheme, after allowing corporate subsidies for fully electric vehicles to expire at the start of September 2023.
EV-focused innovative startups are raising venture capital and private equity funding in Germany. Enapi, a platform designed to enhance collaboration within the electric vehicle (EV) charging industry, announced that the firm had raised €2.5 million in its pre-seed funding round in March 2024.
Electric vehicle sales are expected to decline in the German market in 2024
In 2023, Germany reported a strong growth in electric vehicle sales. According to a report from the KBA Federal Transport Authority, a total of 2.8 million new cars hit the German market in 2023, representing an increase of 7.3% compared to 2022. The report also revealed that battery-powered vehicle sales increased by 11.4%, reaching 524,000 units in 2023 in Germany.
The electric vehicle market, however, has hit a roadblock as the government has put an end to the subsidy program. In mid-December 2023, the government abruptly ended the consumer support scheme, after allowing corporate subsidies for fully electric vehicles to expire at the start of September 2023. The end of the subsidy program has resulted in a decline in battery-powered cars in the German market, and this trend is projected to continue further over the short term. This will, therefore, have an impact on the growth of the electric vehicle industry in Germany over the medium term.
EV-focused innovative startups are raising venture capital and private equity funding in Germany
- Enapi, a platform designed to enhance collaboration within the electric vehicle (EV) charging industry, announced that the firm had raised €2.5 million in its pre-seed funding round in March 2024. This pre-seed round was led by Project A Ventures and included participation from Seed camp and HelloWorld. With the capital infusion, Enapi plans to grow its network, improve data quality on the platform, and develop clearinghouse functionalities to scale charge point connectivity.
- Enapi's platform connects Charge Point Operators (CPOs) with entities that develop and provide digital charging solutions for both consumers and businesses. CPOs need connectivity to achieve their usage targets, while eMobility Service Providers (eMSPs) strive to offer EV drivers access to a wide range of charge points. However, the industry faces significant challenges with technical interoperability between CPOs and eMSPs. Available solutions are not only costly and difficult to scale but also often result in poor data quality. This negatively impacts EV drivers, who receive inaccurate information about charge point availability and lack transparency regarding public charging fees.
- Enapi, as a startup focused on infrastructure, is dedicated to creating a secure, reliable, and scalable platform for stakeholders in the EV industry to collaborate. Their Enapi Transaction Broker uses the OCPI standard to facilitate smooth connections between charging stations. By promoting the adoption and expansion of open protocols, Enapi seeks to improve community collaboration and data quality.
German car makers are investing in EV infrastructure in global markets, including in regions like Africa and Asia
- Mercedes-Benz, in November 2023, announced that the firm is set to expand its charging network throughout South Africa with an R40 million investment. The investment will be used to establish 127 charging stations. This move is part of their broader strategy to support full electrification and enhance sustainability in major global markets and developing regions, including South Africa.
- The firm has developed a two-phase plan for this expansion. In the first phase, by the end of Q1 2024, Mercedes-Benz will invest R15 million to set up 67 Mercedes-Benz EQ-branded charging stations. The second phase will see an additional R25 million allocated to install 60 more charging stations across the nation. These installations will be carried out in collaboration with Chargify, a charging point operator (CPO) specializing in both AC and fast-charging DC stations. The charging stations will also be compatible with other brands of electric vehicles
- The firm, in September 2023, also announced that it is expanding its electric vehicle charging network to customers of other brands in India. These strategic initiatives are part of the firm's strategy to accelerate the shift towards clean energy vehicles in the global market over the medium term.
This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.
This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Market opportunity for the electric vehicle segment has been further broken down by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components in Germany.
Report Scope
This report provides in-depth data-centric analysis of Electric Vehicle and Charging Infrastructure Market in Germany through 97 tables and 119 charts. Below is a summary of key market segments:
Germany Overall Vehicle Market Size and Future Growth Dynamics
- Market size by value
- Market size by volume
Germany Electric Vehicle Market Size and Forecast
- Market size by value
- Market size by volume
Germany Electric Vehicle Market Volume By Drive Segment
- Front Wheel Drive
- Rear Wheel Drive
- All-Wheel Drive
Germany Electric Vehicle Market Value and Volume By Car Segment
- Passenger Car
- Commercial Vehicle
Germany Electric Vehicle Market Value and Volume By Passenger Car Segment
- Small Car
- Medium Car
- Crossover Car
- Large Car
- SUV
Germany Electric Vehicle Market Value and Volume By Commercial Vehicle Segment
- Light Duty Vehicle (Class 1-Class 3)
- Medium Duty Vehicle (Class 4-Class 6)
- Heavy Duty Vehicle (Class 7-Class 8)
Germany Electric Vehicle Market Value By Vehicle Class
- Low-Priced
- Mid-Priced
- Luxury Class
Germany Electric Vehicle Market Value By Powertrain
- Parallel Hybrid
- Series Hybrid
- Combined Hybrid
Germany Electric Vehicle Market Value By Distance Range
- Up to 150 Miles
- 151-300 Miles
- Above 300 Miles
Germany Electric Vehicle Market Value By Charging Type
- Normal Charging
- Super Charging
Germany Electric Vehicle Market Value By Propulsion Type
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
Germany Electric Vehicle Market Value and Volume By Vehicle Type
- Two Wheelers (e2W)
- Three-Wheeler (e3W)
- Four Wheelers (e4W)
- Electric Buses
Germany Electric Vehicle Market Value By Cities
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities
Germany Electric Vehicle Market Value By Components
- Battery Cells Packs
- On-Board Charge
- Motor
- Reducer
- Power Control Unit
- Battery Management System
- Fuel Processor
- Power Conditioner
- Air Compressor
- Humidifier
Germany Electric Vehicle Infrastructure Market Volume
- Number of Charging Points
- Number of Charging Stations
Germany Electric Vehicle Number of Charging Points By Charging Type
- Level 1 240 (V)
- Level 2 120 (V)
- Direct Current (DC)
Germany Electric Vehicle Number of Charging Stations By Charging Type
- Level 1 240 (V)
- Level 2 120 (V)
- Direct Current (DC)
Germany Electric Vehicle Number of Charging Points By Location
- Residential and Destination
- Streets
- Workplaces
- Flew depots
Germany Electric Vehicle Number of Charging Points By Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
Germany Electric Vehicle Number of Charging Stations By Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
Germany Electric Vehicle Number of Charging Points By Vehicle
- Passenger Cars
- Buses
- Trucks
- Light Commercial Vehicles
Germany Electric Vehicle Number of Charging Points By Connection Phase
- Single Phase
- Three Phase
Germany Electric Vehicle Number of Charging Points By Infrastructure Type
- CSS
- CHAdeMO
- GB/T
- Other
Germany Electric Vehicle Number of Charging Points By Connectivity
- Smart Charging Station
- Non-Connected Charging Station
For more information about this report visit https://www.researchandmarkets.com/r/4mjulw
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