Germany electric car market is projected to augment at a CAGR of more than 23.0% during the forecast period, 2019-2025. In 2010, the government of Germany had set a target to introduce 1 million EVs in the country, however, as of now the target is shifted to 2022. The high purchasing power, government incentive, and presence of major market players are among the major factors for the growth of the electric car market in the country. Exponential growth in the electric car market has been registered in 2019 in the country. As per the European Automobile Manufacturers Association, a growth of 60% YoY is registered in the country in 2019. Around 109,000 electric vehicles were registered in the country as compared to 67,600 in 2019. 

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The market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further segmented into hatchback, sedan, and SUV. In 2019, sedan had the largest market share in Germany. Based on propulsion technology, the market is bifurcated into battery electric car and plug-in-hybrid electric car. Battery electric car is expected to have significant growth during the forecast period. As per the European Automobile Manufacturers Association in 2019, around 63,500 battery electric vehicle was sold in Germany, with a growth of 75% YoY whereas around 45,000 plug-in-hybrid vehicles were sold with a growth of 44% YoY. By battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries vehicle is expected to cover a major market share in the near future. 

The companies which are contributing significantly in the market include BMW AG, Daimler AG, General Motors Co., Group PSA, Hyundai Motor Co., Jaguar Land Rover Ltd., Kia Motors Corp., Nissan Motor Co., Renault Group, Tesla, Inc., Volkswagen AG and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. Some of the top cars sold in the country in 2019 include Renault Zoe, BMW i3, Tesla Model 3, Volkswagen Golf, Smart Forfour, Audi E-Tron, Hyundai Kona, Nissan Leaf, and Kia Soul. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Electric Car Market Research and Analysis by Vehicle Type 
2. Germany Electric Car Market Research and Analysis by Propulsion Technology
3. Germany Electric Car Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of Germany Electric Car 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 Electric Car Market.
• Insights about market determinants which are stimulating Germany Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.