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
The German Electric Vehicle Market Report covers all the major aspects including pricing analysis, strategies, micro and macro market trends and scenarios, and short-term market circumstances, as well as an in-depth look at the main rivals. The regional insights in the report help to get the knowledge of the German Electric Vehicle market potential in each country.
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German Electric Vehicle Market Report Scope and Research Methodology
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 Dynamics:
The German Electric Vehicle (TFET) is a transistor that has been gaining popularity due to its low-power applications, its unique operating mechanism, and its potential for high energy efficiency. Growth in the semiconductor industry with consumption of consumer electronics and advancement in artificial intelligence & and internet penetration is expected to influence the German Electric Vehicle Market growth. High-capacity memory chips are used in mobiles and other electronic devices with increased wireless communication chipsets. Demand for smartphones, ICs, and memory devices is expected to drive the German Electric Vehicle Market growth. Government policies around the world have increased to strengthen the manufacturing industry.
German Electric Vehicle Market Regional Insights
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German Electric Vehicle Market Segmentation
by Drive Type
• PHEV
• BEV
• Hybrid
by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
German Electric Vehicle Market Key Players
• Mercedes Benz
• Bollinger
• Bollore
• Microlino
• Mistubishi
• Nissan
• Peugeot
• Smart
• Tesla
• ABB
• Eaton
• AVL
• Alfen
• Delphi Automotive
• Volkswagen
• Renault
• BMW
• Hyundai
• Jaguar
Key questions answered in the German Electric Vehicle Market are:
- What is the expected German Electric Vehicle market size by the end of the forecast period?
- What are the global trends in the German Electric Vehicle Market?
- What are the upcoming industry applications and trends for the German Electric Vehicle Market?
- What are the factors contributing to the final price of German Electric Vehicle ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for German Electric Vehicle Market?
- How is the intervention from regulatory authority is shaping the German Electric Vehicle Market?
- What growth strategies are the players considering to increase their presence in German Electric Vehicle Market?
- Who are the leading companies and what are their portfolios in German Electric Vehicle Market?
- What are the major challenges that the German Electric Vehicle Market could face in the future?
- Who held the largest market share in German Electric Vehicle Market?
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Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Industry Recommendations
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