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Germany Electric Vehicle Market Trends, Size, and Forecast - 2019-2025

May 6th 2020 at 5:19 AM

Germany's electric vehicle (EV) market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. The German Government intends to raise its electric vehicle production to 1 million units by the end of 2020.

Request a free sample of our report on Germany Electric Vehicle Market: https://www.omrglobal.com/request-sample/germany-electric-vehicle-market

Since April 2016, the German government has made environmental funding of around $2,200 to buy a pure electric car, combined with the same amount by the manufacturer, which amounts to a total of around $4,400.This bonus is limited to the electric cars up to the amount of $66,370. In addition, electric cars are made exempt from vehicle tax for up to ten years to increase its purchase. Moreover, a special tax bonus is available in the country dependent on the size of the vehicle’s battery. Hence, the growing environmental concerns along with tax benefits are anticipated to drive the market growth in the country. However, the high cost of EVs, lack of charging stations, and economic concerns are some of the major factors that may restrict the market growth of EVs during the forecast period.

A full report of Germany Electric Vehicle Market is available at: https://www.omrglobal.com/industry-reports/germany-electric-vehicle-market

Germany Electric Vehicle Market Segmentation

By Vehicle Type

  • Commercial Vehicles

  • Passenger Cars

  • Two-Wheelers

By Propulsion Technology

  • Battery Electric Vehicles

  • Plug-in Hybrid Electric Vehicle

By Battery Type

  • NiMH

  • Li-Ion

  • Others

Company Profiles

  • Audi AG

  • BMW AG

  • Hyundai Motor Co.

  • Kia Motors Corp.

  • Mitsubishi Motors Corp.

  • Nissan Motor Co.

  • Renault Group

  • Tata Motors Ltd. (Jaguar)

  • Tesla, Inc.

  • Volkswagen AG

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/germany-electric-vehicle-market

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 780-304-0404


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