BERLIN / LONDON (IT BOLTWISE) – Demand for electric vehicles in Germany is increasing rapidly, even though direct government purchase bonuses have not existed for two years. According to an analysis by HUK Coburg, the switching rate to electric cars doubled in the third quarter of 2023. This development shows that the attractiveness of electric vehicles is increasing despite a lack of direct support.
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The demand for electric vehicles in Germany is currently experiencing a remarkable upswing. Despite the abolition of direct government purchase subsidies for electric vehicles two years ago, more and more car buyers are deciding to switch to environmentally friendly alternatives. A current analysis by the motor vehicle insurer HUK Coburg shows that the switching rate to electric vehicles doubled to 6.2 percent in the third quarter of 2023. This development indicates increasing acceptance and distribution of electric cars.
A key factor in this trend is the growing availability of used electric vehicles. According to HUK Coburg, half of electric vehicle buyers this year have already purchased a used model. This shows that the market for used electric cars is becoming more important and enables wider access to environmentally friendly mobility. The federal government is also planning new funding measures that could support the purchase of used electric vehicles, which should further stimulate the market.
Regional differences also play a role in the spread of electric vehicles. In federal states such as Lower Saxony and Bavaria, the switching rate is over seven percent, while eastern German federal states such as Saxony-Anhalt and Thuringia record lower rates. These differences could be due to varying economic conditions and electric vehicle infrastructure.
Overall, it can be seen that the attractiveness of electric vehicles is increasing despite the lack of direct government support. This indicates a significant change in the purchasing behavior and preferences of German drivers. The combination of the growing availability of electric cars on the used market and possible new funding measures could further strengthen the trend towards more sustainable mobility.
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