Electric cars became cheaper in Germany despite rising average prices
Tweet
Share
E-mail
A Tesla car is being charged at a Tesla electric vehicle charging station on a car park of the A10 shopping center in Wildau near Berlin, Germany, March 20, 2024. REUTERS/Annegret Hilse
July 20 (Reuters) - Models of battery electric vehicles (BEVs) became more affordable in Germany between 2020 and 2025, data from research organizations the International Council on Clean Transportation and Fraunhofer ISI showed.
The average BEV price, however, rose during the same period, reflecting a shift in model offerings toward larger, more expensive cars.
• Prices for BEV models with comparable characteristics fell by about 18% when adjusted for inflation, rose by around 2% for ICEVs
• Median nominal price for a BEV rose 42% to about €53,000, compared with a 15% increase for internal combustion engine vehicles (ICEVs)
• The number of available battery electric models more than quadrupled to 159, while combustion engine options declined to 194
• Inflation-adjusted global battery prices fell by 35-37%, but with limited impact on vehicle price
• Average electric range increased by about one-third, suggesting that savings were invested in vehicle improvements
(Reporting by Mathias de Rozario in Gdansk; Editing by Matt Scuffham)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EU to work on further sanctions against Russian individuals, Germany says
- EU court rejects Opera challenge against EU exemption of Microsoft's Edge from DMA rules
- Sixteen killed in bus accident in Egypt's South Sinai, ministry says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
