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Electric Vehicles Nearly 9% Of New Auto Sales In Germany — March EV Sales Report

Despite the Covid-related lockdown in the second half of the month, the German plug-in vehicle market score signaled another record performance in March, its third in a row — 19,145 plug-in vehicles (EVs) were registered. With the overall market dropping 38% year over year (YoY), last month’s plug-in share reached a record 8.9% (4.8% fully electric/BEV), pulling the yearly tally to an amazing 7.3% (3.7% BEV).

The Business Of Electric Vehicles

EVs are expected to be the best choice for nearly all consumer automotive use cases by 2023. They will cost less than gas upfront and per mile, have plenty of range and have more refueling options than gas. Any company not already selling EVs will be playing catch-up in the 2020s, and may not survive as auto sales continue to decline.