Demand for electric cars increases sharply despite Corona

Electric cars are outpacing the competition even in the Corona Crisis. While far fewer combustion engines were sold, reciprocating engine sales figures increased. However, the virus alleviated the situation.

Despite the corona crisis, a study shows that the demand for electric cars has increased significantly in the first four months of this year. The number of electric vehicles in Germany has doubled compared to the same period a year earlier to reach 63,000, according to the study by the Center of Automotive Management in Bergisch Gladbach.

“In Germany, it benefits Electromobility Already increased funding for electric cars at the end of February, “wrote experts led by study leader Stefan Bratzel. Another reason is CO2 targets for 2020 – some manufacturers offer conditions very favorable for their electric models.

The dynamics of the previous months have not yet been reached

The German Automobile Industry Association (VDA) also confirmed the April trend, referring to current data from the Federal Motor Transport Authority. According to this, just under 10,300 new electric vehicles were registered across the country last month. This corresponds to an increase of 32 percent over the same period of the previous year.

However, the numbers predate the novel’s outbreak. Corona virus increased a lot more. The momentum of the previous months “could not continue” due to the closure of car dealerships and the shutdown of production, according to the VDA.

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In April, growth was also driven exclusively by rechargeable hybrids, which have a rechargeable battery via the plug and the combustion engine.

Plug-in hybrids are in demand in Germany

The authors of Bergisch Gladbach’s study also come to this conclusion. “The drivers of the positive development of electromobility in Germany currently are plug-in hybrids,” the report says. In view of the first four months of this year, their number has increased by more than 200%.

This is also due to the extended range of German manufacturers such as Audi, BMW and Daimler. Plug-in hybrids would now have a market share of 3.9% in Germany, pure electric vehicles 3.7%. “With the rise of the electromobility market, there will be a reorganization of the automotive industry that will change the face of the industry,” said Bratzel.

Conflicting sales trend in China

However, the electric trend is opposite in China’s largest automotive market: according to the study, the number of newly registered electric cars has fallen by 45%. “This means that the decline in electric vehicle sales seen since July 2019 will continue after the backdrop for Chinese government subsidies is significantly reduced,” the authors said.

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