Like much of the rest of the world, Germany previously provided tax incentives to citizens purchasing electric vehicles. However, in December, the nation’s government abruptly decided to end the incentive program, and in the aftermath EV sales have cratered.
Compared to December 2023, sales of new electric vehicles were down 54.9 percent, while sales of plug-in hybrids were down 19.6 percent in the first month of 2024. On the other hand, the markets for vehicles with internal combustion engines were up more than 9 percent — +9.1 percent for gas, +9.5 percent for diesel.
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