German Electric Vehicle Market size was valued at 194,163 thousand units in 2020 and the total revenue is expected to grow at 22 % through 2021 to 2027, German Electric Vehicle Market is reaching nearly 781,061.60 thousand units by 2027.
German Electric Vehicle Market Overview:
Extensive primary and secondary research German Electric Vehicle Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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German Electric Vehicle Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
German Electric Vehicle Market Drivers:
To support the rising electric vehicle market in Germany, a significant increase in charging infrastructure is required – By 2027, an estimated 180,000 to 200,000 public chargers would be needed to service about 5.7 to 7.4 million electric vehicles in Germany, representing a market share of 35 % of passenger vehicle sales, and a total of 448,000 to 565,000 chargers by 2030. Chargers deployed in 2018 covered 12 % to 13 % of charging demands in 2025, and 4% to 5% of charging needs in 2030. Although governments and private sector will have to put in a lot more work to create this charging infrastructure, these predicted demands are around half of Germany’s stated aim of 1 million public chargers by 2030. In the scenarios addressed in this analysis, this discrepancy is explained by fewer automobiles and a smaller number of charges per electric vehicle.
As the markets grow, more vehicles can be supported per charger – According to MMR estimates, the number of electric vehicles per normal-speed charger will increase from nine in 2020 to fourteen in 2027. Germany Associated trends over time include an expected decrease in home charging availability as more electric vehicles are purchased by people without off-street overnight parking, increased use of public chargers, and faster charging speeds. With the advancement of electric vehicles and charging infrastructure, the commercial case for public charging strengthens over time.
German Electric Vehicle Market Segmentation:
by Drive Type
by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
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German Electric Vehicle Market Key Players: The prominent players include:
• Mercedes Benz
• Delphi Automotive
The country-level assessment of the German Electric Vehicle Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the German Electric Vehicle Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on German Electric Vehicle Market: The report also incorporates an analysis of the impact of COVID-19 on the global German Electric Vehicle market.
Key Questions Addressed in the German Electric Vehicle Market Report:
- Which product segment dominated the German Electric Vehicle market share in 2020?
- How is the anticipated competitive landscape of the German Electric Vehicle market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the German Electric Vehicle market?
- Which region accounted for the largest share in the German Electric Vehicle market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global German Electric Vehicle market during the forecast period (2021-2027)?
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