Germany battery electric vehicle market is estimated to grow at a CAGR of more than 20.0% during the forecast period. Some of the major factors contributing to the growth of the BEV market in the country include cohesive government regulation for the electric vehicle, incentives by the government on electric vehicle and charging infrastructure, and stringent target to reduce the carbon footprints. Moreover, the increase in the range covered by the BEV with the introduction of new BEV models is another major factor leading to the adoption of BEV in the country.
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As per the European Automobile Manufacturers Association, Germany BEV sales rose by 75% in 2019 YoY and reached around 64,500 as compared to 36,000 in 2018. The country became the largest BEV market in Europe, stepping out Norway in 2019. Some of the most common BEV sold in the country include Tesla Model 3, Renault Zoe, BMW i3, Volkswagen Golf, among others. Moreover, as an estimate, the German manufacturers will triple their electric cars model to nearly 150 by 2023 with an investment of around $56 billion by 2024.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Germany Battery Electric Vehicle Market by Vehicle Type
- Passenger Car
- Commercial Vehicle
- Others
Germany Battery Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- Audi AG
- BMW AG
- BYD Auto Co., Ltd.
- Daimler AG
- Honda Motor Co., Ltd.
- Hyundai Motor Co.
- Jaguar Land Rover Ltd.
- Kia Motors Corp.
- Tesla, Inc.
- Volkswagen AG
The Report Covers
- Comprehensive research methodology of Germany Battery Electric Vehicle Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Germany Battery Electric Vehicle Market.
- Insights about market determinants which are stimulating Germany Battery Electric Vehicle Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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