The overall German auto market had another positive month in August (+37% year over year), with BEVs being the highlight (+169% YoY, their highest growth rate since June 2021). A total of 86,649 BEVs were registered in August (32% of the auto market). That was their second best result ever. It’s an impressive result, but there is an explanation — BEV subsidies for company cars were cut on September 1st. So, this early EV Christmas will surely be followed by an also early hangover in September.
Meanwhile, PHEVs had 14,552 registrations, or 5.3% of the total market, which is approximately half of what they had a year ago. The pure electric surge added to the plugin hybrid drop is visible in the BEV vs. PHEV sales breakdown, too, with pure electrics representing 86% of all plugin sales in…
Read the full article originally published at cleantechnica.com.