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Average price of new electric cars jumps in Germany, falls in China
EV prices in Germany rose 7.5 pct on average in 2024 – driven by bigger jumps at the top end. But in China, EV prices fell five percent – both for entry-level and top models.
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German car industry frets that China tariffs will slow transition to electric mobility
“Vehicles must become cheaper through more competition …. not trade wars.” German car makers don’t like new EU tariffs on Chinese EVs, saying it will slow transition to electric.
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Electric boats now make up 2.5 pct of all leisure boats on German lakes and rivers
Proportion of electric boats used for recreation is now estimated at 2.5 percent of the total, compared to less than one percent three years ago.
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Car makers race to outdo each other on EV discounts in response to subsidy cuts
In Germany, the sudden cut of electric vehicle purchasing subsidies has caused carmakers to compete on heavy discounts. Will it last?
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“Electric car is coming to a standstill:” Germany brings sudden end to EV subsidies
Budget reversal forces Germany to bring abrupt end to generous EV rebates, with big fall in electric car sales predicted in 2024.
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Bigger batteries help push average price of electric cars to €52,700 in Germany
The trend for bigger batteries and the lack of lower-cost options pushed the average price of EVs up significantly in 2023, although the market share grew to 18 per cent.
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Germany has subsidised a total of two million electric cars, at a cost of $A16.5 bn
The German government has spent a total of €9.5 billion to subsidise the purchase of two million electric cars, reports business daily Handelsblatt.
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Germany wants tax breaks for synthetic fuels, doubts EVs will win zero emissions race
Germany says race for drive train of the future is wide open, and it wants tax breaks for synthetic fuels for internal combustion engine cars.
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“Perfect storm:” How China used EVs to turned the table on European car makers
China’s widening lead in the global shift to EVs will be on open display at this year’s IAA show in Munich, while climate activists target EU’s ongoing ICE dependence.
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Solar car start-up Sono files for insolvency, customers likely to lose deposits
Electric car start-up Sono Motors files for insolvency and it is unlikely that clients will get back their pre-payment for one of its PV-clad vehicles.