The electric car market has suffered a heavy setback after the reduction in subsidy premiums. The Association of the Automotive Industry expects a corresponding decline in market share. This should fall by three percentage points to 28 percent in 2023 compared to the previous year, said VDA President Hildegard Müller world on Sunday. The decline is due to the expected slump in sales of plug-in hybrids, i.e. cars with combustion engines and electric motors. Since the turn of the year, the purchase of these cars has no longer been subsidized by the state. Funding for electric cars has been significantly reduced. The number of new registrations of plug-in hybrids will fall by around 30 percent to 255,000, Müller told the newspaper. For pure electric cars, the association expects sales growth of eight percent compared to the previous year to 510,000 cars.
End of funding – fewer electric cars – economy
