{"id":305167,"date":"2024-02-27T18:50:44","date_gmt":"2024-02-27T17:50:44","guid":{"rendered":"https:\/\/climatescience.press\/?p=305167"},"modified":"2024-02-27T18:50:46","modified_gmt":"2024-02-27T17:50:46","slug":"germanys-dream-of-15-million-electric-vehicles-is-fading-away","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=305167","title":{"rendered":"Germany\u2019s Dream of 15 Million Electric Vehicles Is Fading Away"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Without subsidies, German EV sales set to drop 14% this year. Audi, VW are among those scaling back EV-related ambitions.<\/em><\/strong><\/p>\n\n\n\n

Standing at the front of the room at an auto industry association\u2019s new year reception in Berlin this week, BMW CEO Oliver Zipse had reason to feel vindicated.<\/p>\n\n\n\n

Onstage, Transport Minister Volker Wissing was preaching to the crowd of policymakers and industry executives about the importance of \u201ctechnological openness\u201d in reducing transit emissions. <\/p>\n\n\n\n

A singular focus on battery-powered vehicles by policymakers and manufacturers is leaving Germany\u2019s most important industry exposed, he said, with a forecast of slumping EV demand in Europe\u2019s biggest car market hanging over his message.\u00a0 Bloomberg<\/a> has the story.<\/p>\n\n\n\n

Zipse has been making that same point for years, advocating for flexible production lines for combustion, hybrid and even hydrogen-powered cars. His cautious strategy \u2014 which chimes with his predecessor\u2019s \u2014 was attacked as not aggressive enough on challenging electric leader Tesla Inc. <\/p>\n\n\n\n

Now, Zipse appeared to have seen into the future. With EV adoption slowing and plug-in hybrids making a return from the sidelines, BMW\u2019s careful approach no longer looks like such a bad idea.<\/p>\n\n\n\n

\u201cIn Germany, demand for electric vehicles does not look good this year,\u201d said Jan Burgard, head of automotive consultant Berylls strategy advisors. \u201cThe upper end of the EV market is almost saturated, and there is little on offer in the lower-end \u20ac25,000 segment.\u201d<\/p>\n\n\n\n

After years of surging growth, selling EVs is becoming tougher. Generous government incentives are disappearing in Europe and fewer vehicles qualify for them in the US. While a range of new models and commitment-light leasing options have attracted the attention of electric enthusiasts, some years into the EV revolution, infrastructure and price still remain roadblocks to widespread adoption.<\/p>\n\n\n\n

In Germany, sales are set to drop 14% this year in response to the government yanking subsidies in December, the first decline since 2016, according to the VDA lobbying group. Globally, market watchers have trimmed forecasts amid the enduring reality that the vehicles are much less affordable than equivalent combustion-engine cars \u2014 despite a price war kicked off by Tesla. <\/p>\n\n\n\n

Thursday\u2019s event was an attempt to inject some optimism into an increasingly somber industry. Wissing praised German carmakers and extolled their technology as \u201ccelebrated abroad.\u201d When asked what the government could do to bolster the German EV market, the transport minister offered one thought: \u201cCharging infrastructure.\u201d <\/p>\n\n\n\n

Yet on this front, Berlin has lagged. In October 2022, Wissing rolled out an ambitious strategy to invest \u20ac6.3 billion ($6.85 billion) in a nationwide infrastructure that would increase the number of charging stations in Germany to one million in 2030.<\/p>\n\n\n\n

That hasn\u2019t gone as quickly as planned. As of last September, there were only about 105,000 functional public charging stations in Germany, according to the infrastructure authority.\u00a0<\/p>\n\n\n\n

At the current rate of construction, VDA noted, Germany will need to triple its pace if it wants to hit its 2030 goal. <\/p>\n\n\n\n

The charging conundrum, and who pays for it, remains unresolved many years into the EV transition. While policymakers and car industry representatives at the VDA event agreed that charging was key to reigniting interest in EVs, none wanted to say who should finance such an infrastructure expansion \u2014 or how. Rising electricity prices have further tamped down demand, according to a Deutsche Bank analyst note.<\/p>\n\n\n\n

Read the full story here<\/a>.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Standing at the front of the room at an auto industry association\u2019s new year reception in Berlin this week, BMW CEO Oliver Zipse had reason to feel vindicated.<\/p>\n","protected":false},"author":121246920,"featured_media":305172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Standing at the front of the room at an auto industry association\u2019s new year reception in Berlin this week, BMW CEO Oliver Zipse had reason to feel vindicated.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820972,691827254,691827256,691821977,691818051,691827255],"class_list":{"0":"post-305167","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-battery-electric-vehicle-bevs","9":"tag-bmw-ceo-oliver-zipse","10":"tag-drop-14-this-year","11":"tag-electric-vehicles-evs","12":"tag-germany","13":"tag-transport-minister-volker-wissing","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/OIG-69.jpeg?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1ho3","jetpack-related-posts":[{"id":318488,"url":"https:\/\/climatescience.press\/?p=318488","url_meta":{"origin":305167,"position":0},"title":"Calling the Greens bluff? 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