German Electric Vehicle Market: Industry Analysis and Forecast (2021-2027)

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:

Germany is the world's third-largest automobile producer, trailing only China and Japan. Renewable Energy World has labeled Germany "the world's first renewable energy economy," with renewables exceeding coal for the first time in January 2019, accounting for slightly over 40% of the country's energy mix. It will also need to obtain an additional 54.7 GW of electricity from other sources after committing to retiring all 84 of its coal power units by 2038. 1.68 Bn invested for electric mobility development by German federal government. In 2019, the federal government will upgrade 28,000 high-emission automobiles.