Dominance of German Car Manufacturers in the E-Car Market Amid Declining Sales
The electric car market in Germany is struggling, particularly impacting foreign automakers like Renault and Tesla, whose sales have significantly dropped. In contrast, German manufacturers increased their market share from 49% to 61% in 2024. Volkswagen leads sales with 62,000 units sold. Despite a general decline in sales, domestic brands fared better than foreign counterparts, with Tesla experiencing a 42% decrease. Challenges persist for Chinese manufacturers, who saw minimal growth. As the situation evolves, experts predict ongoing difficulty for both foreign entrants and German companies in meeting EU emission standards.